It\u2019s Sunday evening and I\u2019m finally able to sit down with my computer.<\/p>\n
I had one crazy, busy weekend; Fiore\u2019s Pizza dominated my time for the last 4 days. I have a day of remembrance, once a year, to remember and celebrate the life of Fiore\u2019s Pizza\u2019s namesake, Mike Fiore. As most readers know, Mike was a very good friend of mine, a New York City Firefighter who made the ultimate sacrifice on Sept 11th, 2001. Yesterday, at Fiore\u2019s, I had our annual \u201cMike Fiore\u2019s Day\u201d pizza party. We have Mike\u2019s family and friends, and many NYC firefighter, for a day of pizza and drinks. The celebration went really well but the planning and setting up took some time. This wasn\u2019t the only time consumer at the end of the week. We all heard the saying, \u201cwhen it rains it pours.\u201d Well, Thursday and Friday I had 3 major appliances break down; my ice machine, pizza oven, and dough mixer. On Friday, about noon, I had to leave my trading desk to go shop for a new dough machine because mine was unrepairable. I use a big, heavy, expensive, Hobart mixer. I found one and it was delivered Saturday morning about 11am. The pizza party was starting at 1pm. I had an electrician come at noon to hook it up. It\u2019s not just a plug-in, it has to be hard wired into the electric panel. Also on Saturday morning, at about 8am, the mechanic came and fixed the pizza oven. I didn\u2019t get a new ice machine yet, it\u2019s also unrepairable, but I have a bar next door and the owner is a great neighbor, he\u2019s giving me ice until I get a new one.<\/p>\n
After a full day, and late night at Fiore\u2019s, I\u2019m finally relaxing, watching some football and getting this post done.<\/p>\n
At the close on Thursday, and the open on Friday, it looked like I was gonna be assigned on my 100 shares of Nvidia (NVDA), 1000 shares of Square (SQ), and all 2000 shares of Advanced Micro Devices (AMD). The day developed into be a down day. However, NVDA was much higher than my Strike Price so I was assigned on those shares, even though it was close. My Strike Price is $190. During the week NVDA was as high as $199.29. On Friday it closed at $190.49.<\/p>\n
SQ was high enough to be assigned but it fell big in the latter part of the day on Friday to below my Strike. My Strike Price was $63.50. On Thursday the high was $64.55 and Friday the high was $63.44. But, Friday afternoon it dropped all the way down to $60.45 at the close. I\u2019m not worried about the stock getting back above my buy-in price, I would just like to get another Call sold this week.<\/p>\n
I had two Calls sold on AMD, 10 contracts at $30 and 10 contracts at $31. On Friday the high was $31.33. I felt very strongly that I would get assigned on my $30 Strike Price Call, but when I left my desk at noon on Friday to go get my new dough mixer the stock was down to the $30.40 area. Before I left, with the stock well below my $31 Strike, I decided to place an order to sell a 10 contract Call to expire next Friday. I felt I wasn\u2019t gonna get assigned this week so I wanted to get a jump on next week\u2019s income. In my travels on Friday afternoon I looked to see how the market closed and to my surprise AMD closed at $30.97. It was close but I didn\u2019t get assigned on my $31 Call. The order I placed was another 10 contract Call to expire next Friday with a premium of 50\u00a2. I was filled on that Call.<\/p>\n
Sell to Open 10 AMD 10\/25\/19 $31.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n This position comes with a Risk Factor 1<\/strong> and it\u2019s listed in my Active positions.<\/p>\n Let\u2019s take a look at the trades that came to an end on Friday at the close.<\/p>\n My NVDA Call expired and I was assigned. I made $430 on the stock sale and $350 on the premium.<\/p>\n 4\/18\/19 \u2013 Buy 100 Shares NVDA @ $185.70<\/strong><\/p>\n 10\/18\/19 \u2013 Assigned 100 Shares NVDA @ $190.00 <\/strong><\/p>\n 10\/11\/19 \u2013 Sell to Open 1 NVDA 10\/18\/19 $190.00 C @ $3.50 (+$350)<\/strong><\/p>\n 10\/18\/19 \u2013 Expired 1 NVDA 10\/18\/19 $190.00 C<\/strong><\/p>\n I had two Call sold on AMD. The $30 Call was assigned, but the $31 Call was not. With the $30 Call I made $650 on the stock sale and $350 with the premium.<\/p>\n 10\/7\/19 \u2013 Buy 1000 Shares AMD @ $29.35<\/strong><\/p>\n 10\/18\/19 \u2013 Assigned 1000 Shares AMD @ $30 <\/strong><\/p>\n 10\/14\/19 \u2013 Sell to Open 10 AMD 10\/18\/19 $31.00 C @ 35\u00a2 (+$350)<\/strong><\/p>\n 10\/18\/19 \u2013 Expired 10 AMD 10\/18\/19 $31.00 C <\/strong><\/p>\n The $31 AMD Call was not assigned so I only made profit with the premium, $600.<\/p>\n 10\/11\/19 \u2013 Sell to Open 10 AMD 10\/18\/19 $30.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n 10\/18\/19 \u2013 Expired 10 AMD 10\/18\/19 $30.00 C <\/strong><\/p>\n SQ was assigned so I keep the premium and I keep my stock.<\/p>\n 10\/15\/19 \u2013 Sell to Open 10 SQ 10\/18\/19 $63.50 C @ $65\u00a2 (+$650)<\/strong><\/p>\n 10\/18\/19 \u2013 Expired 10 SQ 10\/18\/19 $63.50 C <\/strong><\/p>\n Another fantastic week. I\u2019m having a crazy good year. Let\u2019s hope I can keep it going. I\u2019ll be talking about my yearly Rate of Return in a few weeks. It\u2019s a little early to count my chickens.<\/p>\n I hope you had a great weekend. Tomorrow starts another week. I\u2019ll get a good night\u2019s sleep and be ready to go in the morning.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s Sunday evening and I\u2019m finally able to sit down with my computer. I had one crazy, busy weekend; Fiore\u2019s Pizza dominated my time for the last 4 days. I have a day of remembrance, once a year, to remember and celebrate the life of Fiore\u2019s Pizza\u2019s namesake, Mike Fiore. As most readers know, Mike […]<\/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-5952","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\/p75MP0-1y0","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5952","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=5952"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5952\/revisions"}],"predecessor-version":[{"id":6505,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5952\/revisions\/6505"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u00a0Profit +$430<\/strong><\/span><\/h4>\n
\u00a0Profit +$350<\/strong><\/span><\/h4>\n
\nProfit +$650<\/strong><\/span><\/h4>\n
Profit +$350<\/strong><\/span><\/h4>\n
\nProfit +$600<\/strong><\/span><\/h4>\n
\nProfit +$650<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$3030<\/strong><\/h3>\n
\n