Risk Factor 1,<\/strong> for the same reason as the NVDA trade.<\/p>\n
\nOk, now that I reported the trade I made let\u2019s take a look at how I did last week. I had 2 Calls expire without getting assigned. 1 with AMD and the other with Square (SQ).<\/p>\n
Advanced Micro Devices<\/p>\n
I sold a 10 contract $30 Naked Call. When I was filled on the trade the stock was at $28.85. To protect myself I placed a Buy-Stop Order at $29.35. This meant if the stock got up to my buy price of $29.35 the stock would be bought and my Naked Call would be Covered. The stock did get up to $29.35 and I now owned the 1000 shares. On Friday the stock closed below my Strike Price of $30. My Call expired. I keep my stock, and I keep the $300 premium.<\/p>\n
10\/4\/19 \u2013 Sell to Open 10 AMD 10\/11\/19 $30.00 C @ 30\u00a2 (+$300)<\/strong><\/p>\n10\/11\/19 \u2013 Expired 10 AMD 10\/11\/19 $30.00 C <\/strong><\/p>\nProfit +$300<\/strong><\/span><\/h4>\n
\nSquare<\/p>\n
On 9\/30\/19 I did a Covered Call with SQ. The Call brought in a premium of $700. That Call expired and I wasn\u2019t assigned. On 10\/4 I sold another Call to expire this past Friday. This was a same $30 Strike Price, but this Call gave me a premium of $1050. Again, I was not assigned, I keep the $1050 premium and I keep the stock.<\/p>\n
10\/4\/19 \u2013 Sell to Open 10 SQ 10\/11\/19 $63.00 C @ $1.05 (+$1050)<\/strong><\/p>\n10\/11\/19 \u2013 Expired 10 SQ 10\/11\/19 $63.00 C <\/strong><\/p>\nProfit +$1050<\/strong><\/span><\/h4>\nI\u2019m hoping to get another Call sold this week.<\/p>\n
\nTotal Weekly Gain +$1350<\/strong><\/h3>\nLet\u2019s hope the talks between the U.S. and China continue well and the market continues to move up.<\/p>\n
Enjoy your 3 day weekend!<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Another wild week! The week started down, but the 2nd half of the week was great. I also have a few trades to report. At the high on Monday the DOW was at 26,655, the low on Tuesday was 26,139. The difference in the high on Monday and the low on Tuesday was over 500 […]<\/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-5892","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\/p75MP0-1x2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5892","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=5892"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5892\/revisions"}],"predecessor-version":[{"id":6501,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5892\/revisions\/6501"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/a>Before I left my house to go to Long Beach Island on Friday morning, I placed an order to sell a 1 contract Call on my 100 shares of Nvidia (NVDA). I bought the shares at $185.70 and I thought it was time to free up that money. With the stock at $187 and change, I placed an order to sell 1 contract of the 10\/18\/19 $190 Call. I entered the order with the premium of $3.50. When I was on the road that order was filled. The market was moving up and I believe the stock was at about $188 when I was filled. I was busy all day so I didn\u2019t get to report the trade when I was filled.<\/p>\n