Grasshopper Report 1/22/21
This is the Grasshopper trades weekly results for week ending 1/22/21.
I’m very happy with the way “The Grasshopper Field” is going. I didn’t do the math but it looks like someone could have been in every Grasshopper Trade I posted with less than $15,000. We already locked in $726 and I still have 5 Covered Calls active. 3 will expire next Friday and 2 on 2/19. I’m also holding 100 shares of NIO to sell Calls against this week. When I have the time I’ll do the math to determine our percentage gain. Maybe we’ll establish an account so we can track how our Grasshopper Trades are doing.
This week we had 2 Grasshopper Trades expire. 1 was assigned and the other was not. Look at the trades below.
NIO
This is the 2nd Grasshopper trade I made with NIO. Last week’s trade had a much bigger premium. This week the stock dropped back so the premium was less. Yesterday the stock popped so this week I should get another Call sold with a bigger premium.
1/19/21 – Sell to Open 1 NIO 1/22/21 $64.00 C @ 50¢ (+$50)
1/22/21 – Expired 1 NIO 1/22/21 $64.00 C
Profit +$50
Palantir
This was a 1 contract Covered Call that was assigned.
1/11/21 – Buy 100 Shares PLTR @ $25.95
1/22/21 – Assigned 100 Shares PLTR @ $27.00
Profit +$105
1/19/21 – Sell to Open 1 PLTR 1/22/21 $27.00 C @ 95¢ (+$95)
1/22/21 – Expired 1 PLTR 1/22/21 $27.00 C
Profit +$95
Total Weekly Gain +$250
Watch for my post on Wealth Builder. It should be up and running this weekend. It will be in the main menu bar.
Any questions send me an email.
Have a great weekend!
Successful trading,
Steve
The Options Coach