Hi All, I’m back on the road! Now I’m just outside of Boston. My wife Irene’s family lives in Boston and she was going for a visit. I decided to tag along and get some work done in New England. I guess I doing a Stephen King thing. With a new basketball season coming right after the summer I decided to lock myself in a hotel room to develop a new offense; while I work on the market, of course! While Irene visits her family I’m in a beautiful hotel in Woburn, Massachusetts looking out at trees. Perfect to get some work done! When I leave here on Thursday I expect to have my offense complete. I think this is what Mr King does when he wants to get into a new book.<\/p>\n
Let’s take a look at what I did in the market last week before I get into my basketball work.<\/p>\n
It could have been a pretty good week if I never got involved in Advanced Micro Devices (AMD). AMD is a long story and I doubt anyone wants to read about how I got to where I am. However, if anyone has a question you can email me. The bottom line is I’ve been involved in a “Roll Out” and this week I put an end to carrying the position. The last trade in the “Roll Out” was expiring this past Friday. On Monday I did a “Buy to Close” the position and was looking to sell another Call to continue the “Roll Out.” I waited a day or 2, but the stock did not move to where I liked a new “Sell to Open.” Then earnings came out and the stock took off and it’s been running ever since, against what the NASDAQ was doing. I decided to throw in the towel and put the money to work elsewhere. Below you can take a look at all the trades of the “Roll Out.” I ended up taking a $3000 hit! I’m just gonna move on and chalk it up as a lose. This trade is over!<\/p>\n
<\/p>\n
Advanced Micro Devices<\/strong><\/span><\/p>\n 5\/30\/18 \u2013 Sell to Open 20 AMD 6\/8\/18 $14.00 C @ 20\u00a2 (+$400)<\/p>\n 6\/8\/18 \u2013 Buy to Close 20 AMD 6\/8\/18 $14.00 C @ $1.25 (-$2500)<\/p>\n 6\/8\/18 \u2013 Sell to Open 20 AMD 7\/27\/18 $15.00 C @ $1.35 (+2700)<\/p>\n 7\/23\/18 \u2013 Buy to Close 20 AMD 7\/27\/18 $15.00 C @ $1.80 (-$3600)<\/p>\n Loss -$3000<\/strong><\/span><\/p>\n <\/p>\n RH<\/strong><\/span><\/p>\n RH was a simple Covered Call. I owned 100 shares and I sold a 1 contract Call. I didn’t get assigned and I keep the $200 premium.<\/p>\n 7\/23\/18 \u2013 Sell to Open 1 RH 7\/27\/18 $139.00 C @ $2 (+$200)<\/p>\n 7\/27\/18 \u2013 Expired 1 RH 7\/27\/18 $139.00 C<\/p>\n Profit +$200<\/strong><\/span><\/p>\n <\/p>\n Micron<\/strong><\/span><\/p>\n When I got out of AMD I bought 1000 shares of Micron (MU) at $52.50. When the stock was at $54.35 I sold a 10 contract Call for a premium of $1 for $1000. The stock stayed below my Strike Price of $54.50. I keep my stock and I keep the $1000 premium. The trade worked out nicely.<\/p>\n 7\/23\/18 \u2013 Sell to Open 10 MU 7\/27\/18 $54.50 C @ $1 (+$1000)<\/p>\n 7\/27\/18 \u2013 Expired 10 MU 7\/27\/18 $54.50 C<\/p>\n Profit +$1000<\/strong><\/span><\/p>\n <\/p>\n <\/p>\n As you see, if not for the AMD mess it would have been a nice week. O well! This is all part of the game we play. Let’s see what I can make happen this week with the NASDAQ falling apart. lol. I might be low on trades for a little while with NFLX and FB crashing.<\/p>\n Any questions, send an email.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":" Hi All, I’m back on the road! Now I’m just outside of Boston. My wife Irene’s family lives in Boston and she was going for a visit. I decided to tag along and get some work done in New England. I guess I doing a Stephen King thing. With a new basketball season coming right […]<\/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-4424","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\/p75MP0-19m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4424","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=4424"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4424\/revisions"}],"predecessor-version":[{"id":4425,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4424\/revisions\/4425"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Loss -$1800<\/span><\/h4>\n