{"id":5710,"date":"2019-09-15T22:40:09","date_gmt":"2019-09-16T02:40:09","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5710"},"modified":"2019-10-03T10:38:03","modified_gmt":"2019-10-03T14:38:03","slug":"results-week-ending-9-13-19-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5710","title":{"rendered":"Results Week Ending 9\/13\/19"},"content":{"rendered":"

This past week ended exactly as I predicted. I sold Calls on 3 previously owned stocks and was assigned on all 3.<\/p>\n

I owned 1000 shares of AppliedMaterials (AMAT), Micron (MU) and Snap (SNAP). I sold a 10 contract Call on each one and was assigned on all the stock. Most Main Street beats Wall Street<\/strong> readers know I like to get assigned. I like to buy the stock, sell a Call, get assigned and move on.<\/p>\n

With all the stocks, in previous weeks, I sold Calls without getting assigned. This week I was assigned on all and these deals are over! Below you will see all the orders, the expiration of the Calls, and the selling of the stock.<\/p>\n

Applied Materials<\/strong><\/p>\n

7\/29\/19 \u2013 Buy 1000 Shares AMAT @ $50.40<\/p>\n

9\/13\/19 \u2013 Assigned 1000 Shares AMAT @ $50.50<\/p>\n

Profit +$100<\/strong><\/span><\/h4>\n

9\/4\/19 \u2013 Sell to Open 10 AMAT 9\/13\/19 $50.50 C @ 55\u00a2 (+$550)<\/p>\n

9\/13\/19 \u2013 Expired 10 AMAT 9\/13\/19 $50.50 C<\/p>\n

\u00a0Profit +$550<\/strong><\/span><\/h4>\n
\n

Micron<\/strong><\/p>\n

7\/30\/19 \u2013 Buy 1000 Shares MU @ $47.15<\/p>\n

9\/13\/19 \u2013 Assigned 1000 Shares MU @ $48.00<\/p>\n

Profit +$850<\/strong><\/span><\/h4>\n

9\/4\/19 \u2013 Sell to Open 10 MU 9\/13\/19 $48.00 C @ 75\u00a2 (+$750)<\/p>\n

9\/13\/19 \u2013 Expired 10 MU 9\/13\/19 $48.00 C<\/p>\n

\u00a0Profit +$750<\/strong><\/h4>\n
\n

Snap<\/strong><\/p>\n

9\/3\/19 \u2013 Buy 2000 Shares SNAP @ $16.00<\/p>\n

9\/13\/19 \u2013 Assigned 2000 Shares SNAP @ $16.00<\/p>\n

\u00a0Profit $0<\/strong><\/span><\/h4>\n

9\/5\/19 \u2013 Sell to Open 20 SNAP 9\/13\/19 $16.00 C @ 45\u00a2 (+$900)<\/p>\n

9\/13\/19 \u2013 Expired 20 SNAP 9\/13\/19 $16.00 C<\/p>\n

Profit +$900<\/strong><\/span><\/h4>\n
\n

Please notice with SNAP I bought the stock at $16 and sold a $16 Call. I was assigned at the same price I bought the stock so there was no profit on the stock sale. When I bought the stock at $16 and sold the $16 Strike Price I knew I was in this deal for the premium only. It was a great premium of 45\u00a2 on the 2000 shares at $16. A 45\u00a2 premium on a $16 stock is a return of 2.8%.<\/p>\n

When selling Covered Calls you always have a chance for an Opportunity Lost<\/span><\/a>. Please read my page. With AMAT my Strike price was $50.50 which is where I was assigned. I made $100 on the stock because I bought at $50.40. On Friday at the close the stock was at $51.35. I had an Opportunity Lost of 85\u00a2, or $850. If I never sold the Call I would have realized that gain if I sold the stock. But I did sell the Call and brought in a $550 premium so the Opportunity Lost was not too bad. And I probably would not have sold the stock!<\/p>\n

With MU I bought the stock at $47.15 and sold the $48 Call. I was assigned at $48 for a $850 gain on the stock. However, the stock closed at $50.50. That gave me a $2.50 Opportunity Lost. That\u2019s $2500 I did not make because I sold the Call. That\u2019s a substantial amount! But I did bring in a $750 premium so the actually Opportunity Lost was $1750.<\/p>\n

Opportunity Lost is something I don\u2019t worry about. I made money, I\u2019m happy! If I made money, I didn\u2019t lose money. If you cannot handle the Opportunity Lost you must buy and hold and don\u2019t sell Call. When selling Covered Call this is what you sign up for.<\/p>\n

With 3 Covered Calls I had a great week.<\/p>\n

Total Weekly Gain +$3150<\/strong><\/h3>\n
\n

I had 2 great weeks in a row. Let\u2019s see what I can do this week.<\/p>\n

If you have any questions on Opportunity Lost send me an email.<\/p>\n

Steve<\/p>\n

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

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

This past week ended exactly as I predicted. I sold Calls on 3 previously owned stocks and was assigned on all 3. I owned 1000 shares of AppliedMaterials (AMAT), Micron (MU) and Snap (SNAP). I sold a 10 contract Call on each one and was assigned on all the stock. Most Main Street beats Wall […]<\/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-5710","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\/p75MP0-1u6","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5710","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=5710"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5710\/revisions"}],"predecessor-version":[{"id":5837,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5710\/revisions\/5837"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}