I don’t want to sound like a broken record, but I hope I can continue saying the same thing, “this was another great week!” This week I had 5 completed trades that brought in a total of $7210. I really had a great year and in the last month I don’t want to give back 1 dollar.<\/p>\n
I had a very busy weekend with basketball, business and family, so since it’s late Sunday night I’ll get right to my trades I have to report. First we’ll take a look at RH.<\/p>\n
RH<\/strong><\/span><\/p>\n On 11\/20\/17 I bought 1000 shares of RH at $101. With these shares, the last few weeks, I sold a few Covered Calls. My first Call I did a “Buy to Close” for a nice profit. Last week I held the Call I sold until expiration, didn’t get assigned, and kept another premium. This week with earning coming out and the stock up at $105.15 I decided to sell the shares with a nice profit. After bringing in some nice premiums I sold the stock with a $4.15 profit and a total gain of $4150.<\/p>\n 11\/20\/17 \u2013 Buy 1000 Shares RH @ $101.00<\/p>\n 12\/4\/17 \u2013 Sell 1000 Shares RH @ $105.15<\/p>\n Profit +$4150<\/strong><\/span><\/p>\n <\/p>\n SNAP<\/strong><\/span><\/p>\n A few weeks ago I sold a $14 PUT on SNAP. The stock took a big dip to $12.50 and on expiration day I was put the stock at $14. It took 4 week but the stock came back up above $14 and I was able to sell my 1000 shares at $14.75 for a $750 profit.<\/p>\n 11\/7\/17 \u2013 Buy 1000 Shares SNAP @ $14.00<\/p>\n 12\/5\/17 \u2013 Sell 1000 Shares SNAP @ $14.75<\/p>\n \u00a0Profit +$750<\/strong><\/span><\/p>\n <\/p>\n RH<\/strong><\/span><\/p>\n A few days after I sold the RH shares mentioned in the trade above, I bought another 1000 shares. A few days after earnings it looked like the stock was gonna move more. On 12\/7 I bought the 1000 shares at $105.99. The next day it went up to $107.75 and I jumped out again for a gain of $1.76 ($1760). Not bad for a 1 day trade!<\/p>\n 12\/7\/17 \u2013 Buy1000 Shares RH @ $105.99<\/p>\n 12\/8\/17 \u2013 Sell 1000 Shares RH @ $107.75<\/p>\n Profit +$1760<\/strong><\/span><\/p>\n <\/p>\n U S Steel<\/strong><\/span><\/p>\n On 12\/6 some good news came out concerning the steel industry. U S Steel (X) jumped and I decided to do a “Buy-Write.” I bought 1000 shares at $31.95 and sold an At-the-Money ($32) Call for a premium of 50\u00a2 ($500). I was hoping the stock would continue to move and I would get assigned. That’s just what happened! The stock stayed above the $32 Strike Price and I was assigned. This was a nice 2 day trade.<\/p>\n 12\/6\/17 \u2013 Buy 1000 Shares X @ $31.95<\/p>\n 12\/8\/17 \u2013 Assigned 1000 Shares X @ $32.00<\/p>\n \u00a0Profit +$50<\/strong><\/span><\/p>\n <\/p>\n 12\/6\/17 \u2013 Sell to Open 10 X 12\/8\/17 $32.00 C @ 50\u00a2 (+$500)<\/p>\n 12\/8\/17 \u2013 Expired 10 X 12\/8\/17 $32.00 C<\/p>\n Profit +$500<\/strong><\/span><\/p>\n <\/p>\n I hope I’m careful enough to keep this in my mattress!<\/p>\n <\/p>\n With only 3 more expiration Fridays left to 2017, I hope I can be discipline enough to finish the year on a good note.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I don’t want to sound like a broken record, but I hope I can continue saying the same thing, “this was another great week!” This week I had 5 completed trades that brought in a total of $7210. I really had a great year and in the last month I don’t want to give back […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3831","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-ZN","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3831"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3831\/revisions"}],"predecessor-version":[{"id":3832,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3831\/revisions\/3832"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain +$7210<\/h4>\n