The market is totally out of control! Or should I say our president and President Xi of China are out of controls? Even with most of my stock holdings down with the volatility I was able to get 1 Calls sold this week, and it expired on Friday.<\/p>\n
The 1 Call I sold that expired this week was with Twitter (TWTR). I bought 1000 shares of the stock at $42.90 on7\/30 and sold a few Calls since, but was never assigned. On Tuesday, 8\/20 I sold a 10 contract Call with the Strike Price of $43 to expire Friday, 8\/23. I received a premium of 60\u00a2 for $600.<\/p>\n
8\/20\/19 \u2013 Sell to Open 10 TWTR 8\/23\/19 $43.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n 8\/23\/19 \u2013 Expired 10 TWTR 8\/23\/19 $43.00 C <\/strong><\/p>\n As I said, I was only able to get 1 trade made and expire this week. With the way the market is moving I\u2019m very happy I was able to get that trade in. So my weekly gain ended with that 1 trade.<\/p>\n I\u2019m very upset with the volatility of the market, and I don\u2019t think I\u2019m the only one. I feel it\u2019s irresponsible for the presidents of the 2 largest economies in the world to be conducting business the way they are on Twitter. I never saw anything like this! And the things they\u2019re saying on the social media platform is crazy. This type of disrespectful antics on Twitter was definitely started by our president. I was never a huge fan of Trump\u2019s personality, but I agree with a lot of his policies. Some of the things he\u2019s saying really makes him look like a jackass. And I don\u2019t think things will change any time soon. I always liked the way he speaks his mind and says things that most people would only think, but I think things are getting out of hand. I think he\u2019s totally wrong with the things he says about J Powell. The Fed is supposed to be completely independent. And that\u2019s the system I believe in. Constantly embarrassing a professional like Jerome Powell, and this time questioning if he\u2019s the enemy is wrong. He\u2019s the one who put him in the position, knowing the Fed is independent! Maybe his interviewing skills are not so great. His behavior make\u2019s me feel like he is a narcissistic control freak who doesn\u2019t believe in our system of government with balance of powers. This great country does not have a dictatorship! Nor should it! Balance of powers prevents things like that from happening. I would never be able to go to the poles and hit a switch for a far left socialist. I know it\u2019s early but he is really testing whether I\u2019m gonna feel good about hitting his switch or not.<\/p>\n I would really love to hear from some of you. Please let me know if you think I\u2019m exaggerating this, or to let me know how you\u2019re feeling. You can comment on the post or send me an email.<\/p>\n I know it\u2019s only Sunday night but the futures are pointing toward another rough start to the Monday morning open.<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The market is totally out of control! Or should I say our president and President Xi of China are out of controls? Even with most of my stock holdings down with the volatility I was able to get 1 Calls sold this week, and it expired on Friday. The 1 Call I sold that expired […]<\/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-5556","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\/p75MP0-1rC","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5556","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=5556"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5556\/revisions"}],"predecessor-version":[{"id":5820,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5556\/revisions\/5820"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$600<\/strong><\/span><\/h4>\n
Total Weekly Gain +$600<\/h3>\n
\n