I\u2019ve had better weeks but this past week was not bad. Not bad as far as the money I locked in, however, my account is down from the beginning of the week. I only report the money I lock in as a result of trades coming to an end through expiration of options, or getting out of a position with the selling of a long position or buying back a short position. I do not report if a position is down from where I bought with market fluctuation.<\/p>\n
I have no idea what this week will bring. I have no idea what trades I\u2019ll make. Right now I\u2019m fully invested and I sense a problem. I get this feeling because a few more cases of the Coronavirus have been detected in the U.S. Hopefully we won\u2019t get many more cases but the way the market has been moving I\u2019m afraid investors might look at this as a good time to take money off the table. Everything is great with the economy, and we have big earning\u2019s reports coming out this week, but you never know the panic the Coronavirus can cause. Once selling starts, and the computer selling follows, we could see a big drop in the market. Let\u2019s hope this doesn\u2019t happen. If it does I\u2019ll just have to ride it out. When you have a big drop in the market your risk tolerance gets put to the test.<\/p>\n
Any subscriber who follows my positions knows back on 9\/16\/19 I bought 10 contracts of DISH 6\/19\/20 Calls. These Calls are down and even though I have until June for expiration I started bailing out of the Calls. Last week I sold 2 and this week I sold another 2. I sold them on Friday. I didn\u2019t get to report this on Friday afternoon so I reporting now.<\/p>\n
DISH<\/strong><\/p>\n I bought the Calls at $6.30 and this week I sold 2 at $4.70 for a $320 loss on the 2 contracts.<\/p>\n 9\/16\/19 \u2013 Buy to Open 2 DISH 6\/19\/20 $35.00 C @ $6.30 ($1260)<\/strong><\/p>\n 1\/24\/20 \u2013 Sell to Close 2 DISH 6\/19\/20 $35.00 C @ $4.70 ($940) <\/strong><\/p>\n Marvell<\/strong><\/p>\n I sold a 10 contract Call on MRVL. The Call expired and I wasn\u2019t assigned. I keep the premium and I keep the stock.<\/p>\n 1\/13\/20 \u2013 Sell to Open 10 MRVL 1\/24\/20 $28.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n 1\/24\/20 \u2013 Expired 10 MRVL 1\/24\/20 $28.00 C <\/strong><\/p>\n Micron<\/strong><\/p>\n Same with Micron as with MRVL. Sold a 10 contract Call. Call expired and I wasn\u2019t assigned.<\/p>\n 1\/17\/20 \u2013 Sell to Open 10 MU 1\/24\/20 $58.50 C @ 55\u00a2 (+$550)<\/strong><\/p>\n 1\/24\/20 \u2013 Expired 10 MU 1\/24\/20 $58.50 C <\/strong><\/p>\n Canopy<\/strong><\/p>\n Last week I bought 1000 shares of Canopy and sold a 10 contract Call. I was assigned on the shares. This week I did another Covered Call. Only this week I bought 500 shares and sold 5 contracts. This week I wasn\u2019t assigned. I still own the 500 shares.<\/p>\n 1\/17\/20 \u2013 Sell to Open 5 CGC 1\/24\/20 $25.50 C @ $60\u00a2 (+$300)<\/strong><\/p>\n 1\/24\/20 \u2013 Expired 5 CGC 1\/24\/20 25.50 C <\/strong><\/p>\n Weight Watchers<\/strong><\/p>\n Last week I sold 10 Naked contracts with WW. I felt the stock was coming down so I went Naked so I didn\u2019t have to buy the stock. This week I made a big mistake. I decided to buy the stock and do a Covered Call. My Calls expired but the stock went down $5. I\u2019m very angry with myself because I really don\u2019t like the stock. The reason I did it was I saw a bunch of Weight Watchers commercials on TV with Oprah. She has a huge investment in WW and I think she\u2019s gonna work hard to bring the business up, and I feel this will help the stock price. \u00a0I just don\u2019t like being in this stock when I feel the market can have a pull back. Let\u2019s watch and see what happens. I did get a very nice premium!<\/p>\n 1\/21\/20 \u2013 Sell to Open 10 WW 1\/24\/20 $39.50 C @ $1.00 (+$1000)<\/strong><\/p>\n 1\/24\/20 \u2013 Expired 10 WW 1\/24\/20 $39.50 C <\/strong><\/p>\n Overall it was a nice week. We\u2019ll have to see what happens tomorrow to see how I manage some of my position.<\/p>\n Last week I bought 200 shares of Apple and sold a Call. I was assigned. This past week I bought another 200 shares but I didn\u2019t get a Call sold. For this coming week the premiums are very high because Apple reports earnings on Tuesday. I\u2019ll do something this week, tomorrow or Tuesday. They report Tuesday after the close. Hopefully the stock goes up the next 2 days going into earnings.<\/p>\n Sorry for the late report, I had a very busy weekend.<\/p>\n successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I\u2019ve had better weeks but this past week was not bad. Not bad as far as the money I locked in, however, my account is down from the beginning of the week. I only report the money I lock in as a result of trades coming to an end through expiration of options, or getting […]<\/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-7063","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\/p75MP0-1PV","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7063","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=7063"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7063\/revisions"}],"predecessor-version":[{"id":9750,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7063\/revisions\/9750"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit -$320<\/strong><\/span><\/h4>\n
\nProfit +$250<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$550<\/span><\/strong><\/h4>\n
\nProfit +$300<\/strong><\/span><\/h4>\n
\nProfit +$1000<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +1780<\/strong><\/h2>\n
\n