{"id":3936,"date":"2018-01-21T14:37:48","date_gmt":"2018-01-21T19:37:48","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3936"},"modified":"2018-01-21T14:50:10","modified_gmt":"2018-01-21T19:50:10","slug":"results-week-ending-1-19-18","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3936","title":{"rendered":"Results Week Ending 1\/19\/18"},"content":{"rendered":"

This is the start of the 3rd year of Main Street beats Wall Street<\/strong>. And for the 1st few weeks of a year, 2018 is the least amount of trades I’ve made to start off a new year. The 1st week I made 1 trade which was selling 3000 shares of U.S. Steel (X) I was holding almost the entire year of 2017. I exited that position for a profit of $1200. Last week, the 2nd week of the year I did not make a trade. The problem was I started the year 2018 with a bunch of stock holdings and most were below where I bought in. Holding these positions, my margin account was pretty maxed out. I had to wait for my positions to rebound to exit and free up some money. As I said, I was able to get out of X with a profit and free up some margin. For my \u00a01st trade of the week I exited a position with Paypal (PYPL). On 8\/23\/17 I bought 500 shares of PYPL at $60. I didn’t make this purchase to sell options, I bought because I liked the stock. This Wednesday I decided to sell the stock at $82.30. But I only sold 400 shares and transferred the other 100 shares into my “Gift Account<\/span><\/a>.” With the sale of the $400 shares I made a profit of $8920.<\/p>\n

Paypal<\/strong><\/span><\/p>\n

8\/23\/17 \u2013 Buy 400 Shares PYPL @ $60.00<\/p>\n

1\/17\/18 \u2013 Sell 400 Shares PYPL @ $82.30<\/p>\n

\u00a0Profit +$8920<\/strong><\/span><\/p>\n

 <\/p>\n

RH<\/strong><\/span><\/p>\n

To Start the week I was holding 2000 shares of RH. I had 1000 shares at $102.78, 500 shares at $89.75 and 500 shares at $91.25. With the stock up a few dollars from last week I decided it was time to bring in some premiums with selling some Calls. On Wednesday with the stock in the $95 area I sold a 10 contract $99 Call, covered by my 500 shares at $89.75 and the 500 shares at $91.25. I didn’t think the stock would hit $99, but if it did I figured I’d make a nice premium in addition to making a nice profit on the stock assignment. The stock did go above $99 and I was assigned.<\/p>\n

1\/3\/18 \u2013 Buy 500 Shares RH @ $89.75<\/p>\n

1\/19\/18 \u2013 Assigned on 500 Shares RH @ $99.00 C<\/p>\n

Profit +$4625<\/strong><\/span><\/p>\n

1\/5\/18 \u2013 Buy 500 Shares RH @ $91.25<\/p>\n

1\/19\/18 \u2013 Assigned on 500 Shares RH @ $99.00 C<\/p>\n

Profit +$3875<\/strong><\/span><\/p>\n

1\/17\/18 \u2013 Sell to Open 10 RH 1\/19\/18 $99.00 C @ 75\u00a2 (+$750)<\/p>\n

1\/19\/18 \u2013 Expired 10 RH 1\/19\/18 $99.00 C<\/p>\n

\u00a0Profit +$750<\/strong><\/span><\/p>\n

 <\/p>\n

In addition to owning the shares at $89.75 and $91.25, I also owned 1000 shares at $102.78. I didn’t want to sell a Call with the Strike Price of $99 because if assigned I would lose money on the stock sale. I did decide to sell a Call but I went out to the $100 Call. With the stock at $95 I didn’t think it would hit $100 in 2 days. Well, the very volatile stock did. The stock closed at $100.27. I did get assigned but it’s not a big deal. For this week I did take a loss on the stock but I think I’ll be able to buy it back on Monday, It’s only at $100.27. If I got it back at that price there’s only a 27\u00a2 difference. Let’s see what Monday brings. However, I did sell the stock at $100 after buying for $102.78 so on the stock assignment I take a $2780 loss. I think I’ll get it back!…..I keep the $550 premium.<\/p>\n

12\/11\/17 \u2013 Buy 1000 Shares RH @ 102.78<\/p>\n

1\/19\/18 \u2013 Assigned on 1000 Shares RH @ $100.00<\/p>\n

Loss -$2780<\/span><\/span><\/p>\n

1\/17\/18 \u2013 Sell to Open 10 RH 1\/19\/18 $100.00 C @ 55\u00a2 (+$550)<\/p>\n

1\/19\/18 \u2013 Expired 10 RH 1\/19\/18 $100.00 C<\/p>\n

Profit +$550<\/strong><\/span><\/p>\n

 <\/p>\n

On Thursday, with the stock at $94.35 I decided to do a 5 contract “Buy-Write” with RH; I had money freed up from the sale of Paypal. I entered this position for the premium. I bought 500 shares at $94.35 and sold a $94.50 Call. This was basically an At-the-Money Call and I was hoping to get assigned, and I was. With the premium of $775 and making $75 on the stock assignment, this was a 1 day deal for a profit of $850. Money in the mattress!<\/p>\n

1\/18\/18 \u2013 Buy 500 Shares RH @ $94.35<\/p>\n

1\/19\/18 \u2013 Assigned on 500 Shares RH @ $94.50 C<\/p>\n

Profit +$75<\/strong><\/span><\/p>\n

1\/18\/18 \u2013 Sell to Open 5 RH 1\/19\/18 $94.50 C @ $1.55 (+$775)<\/p>\n

1\/19\/18 \u2013 Expired 5 RH 1\/19\/18 $94.50 C<\/p>\n

\u00a0Profit +$775<\/strong><\/span><\/p>\n

 <\/p>\n

Even with the $2780 loss on the assignment of the 1000 shares at $100 I still had a huge week.<\/p>\n

 <\/p>\n

Total Weekly Gain +$16,790<\/h4>\n

 <\/p>\n

The year started slow with hardly any trades, but this week turned out to be one of the biggest weeks ever. Plus I’m out of a lot of my stock. My only positions are AMD (2000 shares) and MU (1000 shares). Everything else in my Gift Account.<\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This is the start of the 3rd year of Main Street beats Wall Street. And for the 1st few weeks of a year, 2018 is the least amount of trades I’ve made to start off a new year. The 1st week I made 1 trade which was selling 3000 shares of U.S. Steel (X) I […]<\/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-3936","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\/p75MP0-11u","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3936","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=3936"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3936\/revisions"}],"predecessor-version":[{"id":3938,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3936\/revisions\/3938"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}