{"id":5524,"date":"2019-08-20T12:48:57","date_gmt":"2019-08-20T16:48:57","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5524"},"modified":"2019-10-03T09:34:17","modified_gmt":"2019-10-03T13:34:17","slug":"results-week-ending-8-16-19-and-sold-a-twitter-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5524","title":{"rendered":"Results Week Ending 8\/16\/19 AND Sold a Twitter Call"},"content":{"rendered":"

\u00a0<\/p>\n

\"\"<\/a>We are at the height of summer vacations. There are many people away from their computer for a little while, and I\u2019m no exception. I just returned from a little family reunion which was upstate NY in a town called Saugerties, NY. Well, I\u2019m back to my computer and I just did some updating in Main Street beats Wall Street<\/strong>. And I\u2019m looking for some trade ideas.<\/p>\n

I just returned from an airport run, I dropped my uncle off at Newark Airport. He was in town for our family get-together. In addition to my updating I also made a trade. Before I left my home the market was down a little but Twitter (TWTR) was up about 80\u00a2 at $42.50. I own 1000 shares at $42.90. When I bought these shares I sold a Call with a 90\u00a2 premium. That Call expired and I wasn\u2019t assigned. With the market\u2019s volatility the last week and a half most stocks are down a little. TWTR was down to where I couldn\u2019t get another Call sold with a decent premium. The stock bounced back a bit and with the stock at $42.50 I placed an order to sell a Call before I made my airport run. While I was away I was filled on that Call. The order I placed was to sell 10 TWTR Call to expire this coming Friday, 8\/23. I placed the order with a 60\u00a2 premium for $600.<\/p>\n

Sell to Open 10 TWTR 8\/23\/19 $43.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n

A 60\u00a2 premium on a stock I bought for $42.90 gives me a 4 day return of 1.4% return. This Covered Call fits into my \u201c1 Week\/1%<\/a><\/span>\u201d strategy. This trade is a Covered Call on a stock thats moving good so I give it a Risk Factor 1<\/strong>. Remember, this is the second Call I sold on these shares. The first Call brought in a premium of $900. With today\u2019s Call I brought in a total of $1500. If I get assigned I\u2019ll make another $100 on the stock sale. That would be a total of $1600 return on a $42,900 investment in about 3 weeks. That would be 3.7% return.<\/p>\n

\n

Since I was away I never wrote my week ending report for last week. My trading volume has been way down with the crazy volatility, and this week I have only 1 trade to report. This was a 1 week Call I sold against my 1000 shares of Applied Materials (AMAT). The Call expired and I was not assigned because the stock stayed below my Strike Price of $50.50.<\/p>\n

8\/8\/19 \u2013 Sell to Open 10 AMAT 8\/16\/19 $50.50 C @ 45\u00a2 (+$450)<\/strong><\/p>\n

8\/16\/19 \u2013 Expired 10 AMAT 8\/16\/19 $50.50 C <\/strong><\/p>\n

Profit +$450<\/strong><\/p>\n

This is the second Call I sold against these shares of AMAT. The first brought is a $600 premium. As I write the stock\u2019s at about $47. I\u2019ll need the stock to go up another $1.50 before I can get the premium I want for the Expiration Date I want.<\/p>\n

Total Weekly Gain +$450<\/strong><\/h3>\n

I see we have a few new readers. Welcome aboard! Make sure you read my page Rate of Return<\/a><\/span>. I know you\u2019re trying to read all the pages but Rate of Return is very important. We must re-program our brains for the returns we want to work for.<\/p>\n

I hope you\u2019re enjoying your summer.<\/p>\n

Steve<\/p>\n

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

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

\u00a0 We are at the height of summer vacations. There are many people away from their computer for a little while, and I\u2019m no exception. I just returned from a little family reunion which was upstate NY in a town called Saugerties, NY. Well, I\u2019m back to my computer and I just did some updating […]<\/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-5524","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\/p75MP0-1r6","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5524","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=5524"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5524\/revisions"}],"predecessor-version":[{"id":5818,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5524\/revisions\/5818"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}