Today was another great day for the market. It\u2019s really tough to figure out which way we\u2019re gonna move. The coronavirus is still growing and not under control. I think we\u2019ll have some big up days, as we did today, but I feel the down days are not gone. I think it will be a day to day thing.<\/p>\n
I never got a chance to get my results out for last week. Considering whats going on I\u2019m happy with my results. I got some nice money added to my mattress.<\/p>\n
I had 3 trades come to an end with Inseego (INSG), Jabil (JBL) and Micron (MU).<\/p>\n
Inseego<\/strong><\/p>\n I decided to sell my shares of INSG. You cannot buy INSG on margin which is how I like to work, and I want to be involved in the company long term. I sold my 1000 shares at a profit of $2700 and a day later I bought 20 contracts of the LEAPS. The bottom line is I\u2019m still involved in the stock. The good news is I have less money invested but have a greater upside if the stock moves up. This is the power of LEAPS. This LEAPS option doesn\u2019t expire until 2022. I think it will be a money maker. I like it to the point I put this LEAPS position with Inseego into my Wealth Builder\u2019s Stock Alternative Portfolio<\/strong>. Below are the trades getting in the stock position and the exit.<\/p>\n 10\/28\/19 \u2013 Buy 1000 Shares INSG @ $5.60<\/strong><\/p>\n 1\/27\/20 \u2013 Sell 1000 Shares INSG @ $8.30 <\/strong><\/p>\n Jabil<\/strong><\/p>\n I sold a Call on JBL and it closed below my Strike Price.<\/p>\n 1\/16\/20 \u2013 Sell to Open 10 JBL 1\/31\/20 $44.00 C @ 35\u00a2 (+$350)<\/strong><\/p>\n 1\/31\/20 \u2013 Expired 10 JBL 1\/31\/20 $44.00 C <\/strong><\/p>\n Micron<\/strong><\/p>\n This was a Covered Call with MU. The Call expired and I wasn\u2019t assigned.<\/p>\n 1\/28\/20 \u2013 Sell to Open 10 MU 1\/31\/20 $58.00 C @ 40\u00a2 (+$400)<\/strong><\/p>\n 1\/31\/20 \u2013 Expired 10 MU 1\/31\/20 $58.00 C <\/strong><\/p>\n This is not a bad week with the amount of volatility we\u2019ve experienced because of the virus. This money is locked in but my account took a hit last week. With the up market this week my account is back in good shape.<\/p>\n Looking forward to what Trump says tonight, and how what he says will move the market tomorrow, up or down.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today was another great day for the market. It\u2019s really tough to figure out which way we\u2019re gonna move. The coronavirus is still growing and not under control. I think we\u2019ll have some big up days, as we did today, but I feel the down days are not gone. I think it will be a […]<\/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-7119","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\/p75MP0-1QP","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7119","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=7119"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7119\/revisions"}],"predecessor-version":[{"id":9748,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7119\/revisions\/9748"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$2700<\/strong><\/span><\/h4>\n
\nProfit +$350<\/strong><\/span><\/h4>\n
\n\u00a0 Profit +$400<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$3450<\/strong><\/h2>\n