{"id":4919,"date":"2019-04-06T14:42:43","date_gmt":"2019-04-06T18:42:43","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4919"},"modified":"2019-04-20T10:23:54","modified_gmt":"2019-04-20T14:23:54","slug":"results-week-ending-4-5-19","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4919","title":{"rendered":"Results Week Ending 4\/5\/19"},"content":{"rendered":"

This week was the closest to a normal week I\u2019ve had since before my basketball coaching started. I had 4 trades come to an end this week and the weekly gain was very nice.\u00a0<\/span><\/p>\n

Since the end of the basketball season I\u2019ve been growing my funds through trades and selling stocks I\u2019m holding to increase my trading funds. I am not reporting all of my stock sales because I\u2019m selling them out of another account. My trading account is a margin account while my account holding stock is not a margin account. Why pay margin interest on stocks I\u2019m holding long term when I can hold them in a non-margin account?<\/p>\n

As funds are growing in my trading account my trading volume will increases. This week is the first example of my trading volume increasing since basketball ended. Let\u2019s take a look at what I did this week.<\/p>\n

The first trade of the week was a Covered Call on Cree (CREE). I came into the week owning 500 shares of Cree from 3\/20\/19. On 3\/20 I bought 500 shares and did a 5 contract Covered Call. That Call expired, I kept the premium and kept the stock. This week on 4\/1 I sold another Call on those shares. This time the stock moved up above my Strike Price and I was assigned. When this happens I keep the premium and I sell the stock at the Strike Price. Below are the trades and the profit I made from the trades.<\/p>\n

Cree Covered Call<\/strong><\/span><\/p>\n

3\/20\/19 \u2013 Buy 500 Shares CREE @ $57.70<\/h5>\n
4\/5\/19 \u2013 Assigned 500 Shares CREE @ $58.00<\/h5>\n
Profit +$150<\/strong><\/span><\/h5>\n
4\/1\/19 \u2013 Sell to Open 5 CREE 4\/5\/19 $58.00 C @ 90\u00a2 (+$450)<\/h5>\n
4\/5\/19 \u2013 Expired 5 CREE 4\/5\/19 $58.00 C<\/h5>\n
\u00a0<\/span>Profit +$450<\/strong><\/h5>\n

When I did the Cree Covered Call I really felt the stock was gonna move. I still did the Covered Call because it\u2019s my strategy and I try to stick to my strategy. However, I felt Cree was gonna move so in addition to my Covered Call I also bought an option. Most readers know buying options is not one of \u00a0my main strategies. I decided to buy the option in the case the stock did move. With the Call sold I limited my upside to my $58 Strike Price. Owning the Call I would make some money if the stock went up. The stock did go up and I made an extra $500, but I would have made more if I hadn\u2019t sold the Call. I sold the Call about an hour after I bought it. If I held the option until the end of the week I would have made at least another $1000. Buying options is a dangerous game. I made $500 on the option and I\u2019m happy!<\/p>\n

Buy Cree Option<\/strong><\/span><\/p>\n

4\/1\/19 \u2013 Buy to Open 5 CREE 5\/17\/19 $55.00 C @ $4.70 (-$2350.00)<\/h5>\n
4\/1\/19 \u2013 Sell to Close 5 CREE 5\/17\/19 $55.00 C @ $5.70 (+$2850.00) \u00a0<\/span><\/h5>\n
\u00a0<\/span>Profit +$500<\/strong><\/span><\/h5>\n

For my last trade of the week I did a Covered Call on Advanced Micro Devices (AMD). This was an At-the-Money<\/a> Buy-Write Covered Call<\/a>. I bought 800 shares of AMD at $29.50 and sold (8) 4\/5\/19 $29.50 Calls. I went into the trade with a Strike Price which was the same as my purchase price. I entered the trade for the premium only. It turns out the stock dropped 50\u00a2 to $29 and I was not assigned. I keep my premium and I keep my stock. Late in the trading day on Friday I sold another Call on the stock. This Call will expire next Friday.<\/p>\n

4\/3\/19 \u2013 Sell to Open 8 AMD 4\/5\/19 $29.50 C @ 60\u00a2 (+$480)<\/h5>\n
4\/5\/19 \u2013 Expired 8 AMD 4\/5\/19 $29.50 C\u00a0<\/span><\/h5>\n
Profit +$480<\/strong><\/span><\/h5>\n

Total Weekly Gain +$1580<\/h3>\n

Like I said earlier, this looks like one of my normal trading weeks. Let\u2019s hope I can keep it going and you can keep learning.<\/p>\n

Have a great Weekend!<\/p>\n

Steve<\/p>\n

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

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

This week was the closest to a normal week I\u2019ve had since before my basketball coaching started. I had 4 trades come to an end this week and the weekly gain was very nice.\u00a0 Since the end of the basketball season I\u2019ve been growing my funds through trades and selling stocks I\u2019m holding to increase […]<\/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-4919","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\/p75MP0-1hl","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4919","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=4919"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4919\/revisions"}],"predecessor-version":[{"id":4957,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4919\/revisions\/4957"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}