This was another 1 trade week, but it was a good one!<\/p>\n
Back on May 6th I bought 300 shares of RH (RH) at $105. I only owned the stock for a day or 2 and the stock pulled back into the middle 90\u2019s. I think this pull back was caused by the fact that RH was getting ready to report earnings. The company has been getting hurt with the US\/China trade war and there was anticipation that earnings would not be good. Well, they reported and the report was great! And the stock jumped $18 in one day. This \u00a0moved the stock above where I bought and I was able to get a Call sold. With the stock in the $110 area I sold 3 contracts of the 6\/21\/19 $113 Calls fo a premium of $2. This gave me a $600 increase in my account. This stock in very volatile and it went as high as $118. At this point I knew I\u2019d get assigned and have a pretty large \u201cOpportunity Lost<\/a><\/span>.\u201d Before expiration day (this Friday) the stock backed off and closed at $114.76. There was still an \u201cOpportunity Lost\u201d but not bad! I was assigned and this deal is closed. I bought the stock at $105 and was assigned at $113 for an $8 gain on 300 shares. The sale of the stock gave me a gain of $2400.<\/p>\n 5\/6\/19 \u2013 Buy 300 Shares of RH @ $105.00<\/p>\n 6\/21\/19 \u2013 Assigned 300 Shares RH @ $113<\/p>\n \u00a0Profit +$2400<\/strong><\/span><\/p>\n I also keep the premium of $600. Overall this was a great Covered Call trade!<\/p>\n 6\/14\/19 \u2013 Sell to Open 3 RH 6\/21\/19 $113.00 C @ $2.00 (+$600)<\/p>\n 6\/21\/19 \u2013 Expired 3 RH 6\/21\/19 $113.00 C<\/p>\n \u00a0Profit $600<\/strong><\/span><\/p>\n This ended up being a great week with only 1 trade. It gave me a gain of $3000.<\/p>\n With the market moving well I don\u2019t have a huge desire to sell options. Many times I\u2019d rather just keep the stock and let it grow. I\u2019ll be writing a post soon on what I do when the market\u2019s moving well and I don\u2019t want to sell Covered Calls. Stay tuned!<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This was another 1 trade week, but it was a good one! Back on May 6th I bought 300 shares of RH (RH) at $105. I only owned the stock for a day or 2 and the stock pulled back into the middle 90\u2019s. I think this pull back was caused by the fact that […]<\/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-5135","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\/p75MP0-1kP","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5135","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=5135"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5135\/revisions"}],"predecessor-version":[{"id":5175,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5135\/revisions\/5175"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain +$3000<\/h4>\n