My last 6 weeks have been more profitable, but this was still a very nice week.<\/p>\n
I only have 2 moves to report but I\u2019m still happy I locked in $1000 for the week. The stock market and trading options can be very dangerous. However, if done with a lot of discipline, with a \u201cslow and steady, steady and slow\u201d attitude, and not a \u201cget rick quick\u201d attitude, being a trader\/investor can be very profitable.<\/p>\n
I\u2019m having a phenomenal year. I\u2019ll be writing about my year to date (YTD) results right after Thanksgiving. I want to get through November, and make a plan for December, before I post that report.<\/p>\n
Right now I\u2019m writing from Worcester, MA. For you who don\u2019t know, my wife is a stand comedian. She\u2019s performing in one of the top comedy clubs in the area. I came along for the ride, and they gave me a little chauffeur\u2019s fee lol. We have a beautiful room in the Hilton to make it a nice little vacation. She had one show Friday night and 2 tonight, Saturday night. Tonight as she\u2019s performing I\u2019ll put a little time in a nice cigar bar. Google her and try to make a show if she\u2019s in your area, Irene Bremis.<\/p>\n
OK, my trades. I got out of one of my Dish Network (DISH) positions. I bought 1000 shares on 9\/16\/19 and I also bought 10 contracts of an option. The stock really didn\u2019t move the way I expected so I decided to free up the cash. I might leave it free for the month of December getting ready for the new year. I did hold on to the option in case the stock makes the move I expected. As for the stock I got out with a small $100 profit. Hey, it\u2019s not a loss!<\/p>\n
9\/16\/19 \u2013 Buy 1000 Shares DISH @ $35.80<\/strong><\/p>\n 11\/18\/19 \u2013 Sell 1000 Shares DISH @ $35.90 <\/strong><\/p>\n The only other trade I had this week was a Covered Call with Square (SQ). I sold a Naked Call on 11\/15\/19. I stayed Naked until the stock moved up to my Strike Price of $65. I bought the stock at $64.90 to cover the Call. The stock continued up above my Strike and I was assigned. Not only did I get assigned but the stock went all the way up to $67.75. I don\u2019t look at this as an Opportunity Lost, but it actually is. The reason I don\u2019t look at is as such is because I sold the Call before I bought the stock. A true Opportunity Lost is when you own the stock and you lose the upside potential above the Strike Price because of a Call you sold against your stock. Here I bought the stock because I was about to go In-the-Money<\/a> <\/span>on a Naked Call. It was for protection. The bottom line is if I owned the stock and never sold a Call I would have made a lot more money. As most readers know I never let this bother me. Please read my page on Opportunity Lost<\/a><\/span>.<\/p>\n 11\/15\/19 \u2013 Sell to Open 10 SQ 11\/22\/19 $65.00 C @ 80\u00a2 (+$800)<\/strong><\/p>\n 11\/22\/19 \u2013 Expired 10 SQ 11\/22\/19 $65.00 C<\/strong><\/p>\n 11\/18\/19 \u2013 Buy 1000 Shares SQ @ $64.90<\/strong><\/p>\n 11\/22\/19 Assigned 1000 Shares SQ @ $65.00 <\/strong><\/p>\n Take a look at PagSeguro Digital (PAGS). The stock took a beating after earnings, down $6. I feel it\u2019s going to continue up. Through earnings I owned a 10 contract LEAPS. while it was down I bought another 10 contracts of the same LEAPS. I bought the extra contracts on Thursday and the stock was up, and yesterday the stock was up another $1.76 (5.68%). I\u2019m looking to get $2000 out of this trade by the 1st or 2nd week in January. It would be a nice start to a new year.<\/p>\n Watch for my new Wealth Builder<\/a><\/span> section. Hoping to have it done before Thanksgiving. The holdings in my 3 portfolios will make me a lot of money. It will be \u201cslow and steady, steady and slow\u201d but I believe it will make me a great Rate of Return<\/a><\/span> over time. I\u2019m putting in too much time for it not to.<\/p>\n Have a great rest of the weekend!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" My last 6 weeks have been more profitable, but this was still a very nice week. I only have 2 moves to report but I\u2019m still happy I locked in $1000 for the week. The stock market and trading options can be very dangerous. However, if done with a lot of discipline, with a \u201cslow […]<\/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-6457","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\/p75MP0-1G9","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6457","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=6457"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6457\/revisions"}],"predecessor-version":[{"id":8121,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6457\/revisions\/8121"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$100<\/strong><\/h4>\n
\nProfit +$800<\/strong><\/h4>\n
\n\u00a0Profit +$100<\/strong><\/h4>\n
\nTotal Weekly Gain $1000<\/strong><\/h2>\n
\n