This was not the best week I ever had, but it wasn’t so terrible either. I only made 2 trades involving Micron (MU) and RH (RH). Let’s take a look at how they played out.<\/p>\n
On 11\/21\/18 I bought 1000 shares of MU. During the time owning the stock I sold a few Calls and brought in some nice premiums. The stock is a very high rated stock but never took off the way I thought it would. In fact, it went down from where I bought in. I originally got into the position for the stock gain more than the premiums. I got in the stock at $48.40 and I felt it was heading to $60. Last week, losing my patience with the position, I decided to sell a Call. To get a decent premium I had to sell the Call with a Strike Price lower than my buy-in price. The stock was at about $44 and my Strike Price was $46. If I went with a $48 Strike the premium would have been a few pennies. I was tired of holding the position, not making money and paying margin interest. I sold the 2 day Call with the stock having to move $2 for me to get assigned. If I get assigned I would have to sell the stock $2.40 below where I got the stock. As Murphy’s Law<\/span> <\/a>would have it, on Friday MU made a big move and closed at $46.53. It’s just unbelievable how things work out in the market some times. Anyway, I keep my $450 premium but was assigned on my stock at $46. It really doesn’t bother me much because I wanted out of the position, but it might bother me if MU goes to $60.<\/p>\n 2\/20\/18 \u2013 Sell to Open 10 MU 2\/23\/18 $46.00 C @ 45\u00a2 (+$450)<\/p>\n 2\/23\/18 \u2013 Expired 10 MU 2\/23\/18 $46.00 C<\/p>\n \u00a0Profit +$450<\/strong><\/span><\/p>\n <\/p>\n As I said, I was assigned on my stock and took a loss selling at $46. I’ll watch MU closely. For now I’m out and I move on. If I get back in you’ll be the first to know.<\/p>\n 11\/21\/17 \u2013 Buy 1000 Shares MU @ $48.40<\/p>\n 2\/23\/18 \u2013 assigned 1000 Shares MU @ $46<\/p>\n \u00a0Loss -$2400<\/span><\/span><\/p>\n <\/p>\n Last week RH earnings were due out on Thursday. They never were released which caused confusion. It’s still unsure when they’ll be released. I’m a little concerned because I’m holding 2500 shares. Last week with the earnings date of Friday caused very high premiums. I sold 5 contracts of the $95 Calls with the stock in the $93 area. It was a 3 day Call and I received a $3 premium. I never sold a Call on the other 2000 shares because I was waiting for the stock to go up for a better premium but it never did. I have those shares at a higher buy-in price. The week ended with me only selling the 5 contracts. I was not assigned and I keep the premium.<\/p>\n 2\/21\/18 \u2013 Sell 5 RH 2\/23\/18 $95 C @ $3.00 (+$1500)<\/p>\n 2\/23\/18 \u2013 Expired 5 RH 2\/23\/18 $95 C<\/p>\n \u00a0Profit +$1500<\/strong><\/span><\/p>\n <\/p>\n It could have been a nice week if I wasn’t assigned on MU but I was and the week ended in the red.<\/p>\n <\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This was not the best week I ever had, but it wasn’t so terrible either. I only made 2 trades involving Micron (MU) and RH (RH). Let’s take a look at how they played out. On 11\/21\/18 I bought 1000 shares of MU. During the time owning the stock I sold a few Calls and […]<\/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-4047","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\/p75MP0-13h","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4047","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=4047"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4047\/revisions"}],"predecessor-version":[{"id":4048,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4047\/revisions\/4048"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total weekly loss -$450<\/span><\/h4>\n