{"id":5812,"date":"2019-10-03T09:22:21","date_gmt":"2019-10-03T13:22:21","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5812"},"modified":"2019-11-30T17:49:21","modified_gmt":"2019-11-30T22:49:21","slug":"results-week-ending-9-27-19","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5812","title":{"rendered":"Results Week Ending 9\/27\/19"},"content":{"rendered":"

Another nice week, but with the market down the last few days, the coming weeks might see less gains.<\/p>\n

I\u2019m sorry for this late report. I have been crazy busy since the weekend. I had an Oktoberfest at my house this Saturday which brought 100 people. Between the clean-up, and starting to prepare the yard for the winter, it was a time consuming job.<\/p>\n

I have a few trades that expired this past Friday which gave me a pretty good week. Let\u2019s start with Micron.<\/p>\n

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

I sold a Call back on 7\/18\/19. This was part of the Diagonal Bull Call Spread<\/strong> I did. If you have been reading my reports you know I sold the Long Call I was using to cover the Short Call of the spread. The spread consist of a Long Call and a Short Call. Well, on Friday, with Micron (MU) down, I was able to sell the Short Call with a $1000 profit. I sold the Call for $3500 on 7\/18 and did a \u201cBuy to Close\u201d on Friday, spending $2500 for the $1000 profit I just mentioned. You must understand Short positions!<\/p>\n

7\/18\/19 \u2013 Sell to Open 10 MU 1\/17\/20 $50.00 C @ $3.50 (+$3500)<\/strong><\/p>\n

9\/27\/19 \u2013 Buy to Close 10 MU 1\/17\/20 $50 C @ $2.50 (-$2500) <\/strong><\/p>\n

\u00a0Profit +$1000<\/strong><\/span><\/h4>\n
\n

Square<\/strong><\/p>\n

With Square (SQ) I did a Covered Call. I bought the stock and sold the Call At-the-Money<\/a><\/span>. I was assigned so I didn\u2019t make money on the stock sale. This is the 2nd week I sold a Call on these shares so I brought in 2 premiums before assignment. This week\u2019s premium was $600.<\/p>\n

9\/17\/19 \u2013 Buy 1000 Shares SQ @ $59.50<\/strong><\/p>\n

9\/29\/19 \u2013 Assigned 1000 Shares SQ @ $59.50 <\/strong><\/p>\n

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

9\/24\/19 \u2013 ($58.20) Sell to Open 10 SQ 9\/27\/19 $59.50 C @ 60\u00a2 (+$600)<\/strong><\/p>\n

9\/29\/19 \u2013 Expired 10 SQ 9\/27\/19 $59.50 C <\/strong><\/p>\n

Profit $600<\/strong><\/span><\/h4>\n
\n

Advanced Micro Devices<\/strong><\/p>\n

The last was a Covered Call with AMD but I was not assigned. I took in a $520 premium and the Call expired.<\/p>\n

9\/23\/19 \u2013 Sell to Open 10 AMD 9\/27\/19 $31.00 C @ 52\u00a2 (+$520)<\/strong><\/p>\n

9\/27\/19 \u2013 Expired 10 AMD 9\/27\/19 $31.00 C <\/strong><\/p>\n

Profit +$520<\/strong><\/span><\/h4>\n
\n

Total Weekly Gain +$2120<\/strong><\/h3>\n

Above I mentioned it might be tough to make money in the next few weeks. I say this because the stocks I\u2019m holding are down from where I bought. The beginning of the week has not been good for the market. This is why I prefer Naked Calls. I don\u2019t like holding stock with Covered Calls but in some market environment you have to cover your Calls for protection. Especially in this volatile market! When the stock goes down you just have to wait it out until your stock goes back up to the point you can sell another Call. It\u2019s all part of the game. When it happens, it gives you time to get some yard work done lol.<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Another nice week, but with the market down the last few days, the coming weeks might see less gains. I\u2019m sorry for this late report. I have been crazy busy since the weekend. I had an Oktoberfest at my house this Saturday which brought 100 people. Between the clean-up, and starting to prepare the yard […]<\/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-5812","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\/p75MP0-1vK","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5812","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=5812"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5812\/revisions"}],"predecessor-version":[{"id":6494,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5812\/revisions\/6494"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}