What a crazy last 2 weeks! I have not been writing much for a number of reasons. I\u2019m gonna try to catch up a little with this email.<\/p>\n
First I\u2019m gonna give you the last 2 Weekly Results. This is weeks ending 2\/21\/and 2\/28. Let me be very clear. I brought in some nice money with my trades but my account is much lower because of the market collapse. There has been record breaking drops the last 2 weeks. I must say I\u2019m not that worried about my account because I have plenty of margin available, and I have positions I like for long term. It\u2019s just gonna take some time to recover. And this will not happen until we see some good news with the coronavirus. One thing I am worried about is bringing in my normal weekly gains. A lot of my positions are lower than where I bought, so selling Calls will be tough.<\/p>\n
Because of a lack of time, and a lot to report, the weekly results below will come with explanation. If interested, you can go back and read the post when I made the trade.<\/p>\n
Canopy<\/strong><\/p>\n 2\/14\/20 \u2013 Sell to Open 5 CGC 2\/21\/20 $25.00 C @ 60\u00a2 (+$300)<\/strong><\/p>\n 2\/21\/20 \u2013 Expired 5 CGC 2\/21\/20 $25.00 C <\/strong><\/p>\n Nvidia<\/strong><\/p>\n 2\/18\/20 \u2013 Sell to Open 3 NVDA 2\/21\/20 $295.00 C @ $3.50 (+$1050)<\/strong><\/p>\n 2\/21\/20 \u2013 Expired 3 NVDA 2\/21\/20 $295.00 C <\/strong><\/p>\n Weight Watchers \u2013 Covered Call W\/assignment<\/strong><\/p>\n 2\/10\/20 \u2013 Buy 1000 Shares WW @ $36.75<\/strong><\/p>\n 2\/21\/20 \u2013 Assigned 1000 WW @ $37.00 <\/strong><\/p>\n 2\/18\/20 \u2013 Sell to Open 10 WW 2\/21\/20 $37.00 C @75\u00a2 (+$750)<\/strong><\/p>\n 2\/21\/20 \u2013 Expired 10 WW 2\/21\/20 $37.00 C <\/strong><\/p>\n Gilead Sciences \u2013 Covered Call W\/assignment\u00a0<\/strong><\/p>\n 2\/10\/20 \u2013 Buy 400 Shares GILD @ $68.90<\/strong><\/p>\n 2\/28\/20 \u2013 Assigned 400 Shares GILD @ $69.00 <\/strong><\/p>\n 2\/21\/20 \u2013 Sell to Open 4 GILD 2\/28\/20 $69.00 C @ $1.00 (+$400)\u00a0<\/strong><\/p>\n 2\/28\/20 \u2013 Expired 4 GILD 2\/28\/20 $60.00 C <\/strong><\/p>\n Weight Watchers<\/strong><\/p>\n 2\/25\/20 \u2013 Sell to Open 10 WW 2\/28\/20 $39.50 C @ $1.00 (+$1000)<\/strong><\/p>\n 2\/28\/20 \u2013 Expired 10 2\/28\/20 $39.50 C <\/strong><\/p>\n Weight Watchers<\/strong><\/p>\n 2\/27\/20 \u2013 Sell to Open 10 WW 2\/28\/20 $32.50 C @ 50\u00a2 (+$500)<\/strong><\/p>\n 2\/28\/20 \u2013 Expired 10 WW 2\/28\/20 $32.50 C<\/strong><\/p>\n Now that you have the last 2 weekly results let\u2019s take a look at a trade I made today.<\/p>\n I\u2019m still holding 300 shares of Nvidia (NVDA). It\u2019s down from where I bought but I was able to get a Call sold today. With the stock down at $273.25 I sold 3 contracts of the 3\/6\/20 $295 Calls. I don\u2019t think I\u2019ll get assigned but the way NVDA moves you never know. If I do, no problem! Even with the stock $20 below where I bought I was still able to get a $2 premium. This trade get\u2019s a Risk Factor 1<\/strong>.<\/p>\n 3\/2\/20 \u2013 Sepp to Open 3 NVDA 3\/6\/20 $295.00 C @ $2.00 (+$600)<\/strong><\/p>\n My account is down from 10 days ago but I\u2019m not feeling too bad. I\u2019ve been making a lot of trades, some being short term, some even day trades. I have not been reporting these trades for a reason. One reason is there has just been too many, I\u2019d be writing all day. But the main reason is because Main Street beats Wall Street<\/strong> is a learning site. I get emails that some of you are mimicking my trades. The trades I\u2019ve been making are not for Grasshoppers. They are for more seasoned traders. I\u2019ve been buying Puts and Calls as the market was moving quickly. I have been bringing in some nice money with my Puts. When all this volatility slows down I\u2019ll try to send out an email explaining all the trades. Please take this time to learn. If you are a Grasshopper I\u2019d hold off on any trading. Continue learning and wait for the market to calm down.<\/p>\n Any questions send me an email.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" What a crazy last 2 weeks! I have not been writing much for a number of reasons. I\u2019m gonna try to catch up a little with this email. First I\u2019m gonna give you the last 2 Weekly Results. This is weeks ending 2\/21\/and 2\/28. Let me be very clear. I brought in some nice money […]<\/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-7282","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\/p75MP0-1Ts","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7282","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=7282"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7282\/revisions"}],"predecessor-version":[{"id":9770,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7282\/revisions\/9770"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$300<\/span>\u00a0<\/strong><\/h4>\n
\nProfit +$1050<\/strong><\/span><\/h4>\n
\nProfit +$250<\/strong><\/span><\/h4>\n
Profit +$750<\/strong><\/span><\/h4>\n
Total Weekly Gain +$2350<\/strong><\/h2>\n
\n
\nWeek Ending 2\/28\/20<\/strong><\/h4>\n
Profit +$40<\/strong><\/span><\/h4>\n
\u00a0Profit +$400<\/strong><\/span><\/h4>\n
\nProfit +$1000<\/strong><\/span><\/h4>\n
\nProfit +$500\u00a0<\/strong><\/span><\/h4>\n
Total Weekly Gain +$1940<\/strong><\/h2>\n
\n
\n
\n