Grasshopper Report 2/26/21
This is the Grasshopper trades weekly results for week ending 2/26/21.
This was not a very busy week for Grasshopper Trades. I did one Covered Call with SLV and a Covered Call with Workhorse.
SLV I bought on 2/1/21 when Silver was on the move with Reddit trying to cause a short squeeze. It turned out silver is too big a market to mess with. However, I’m sure JP Morgan was a little worried because they are notorious for manipulating silver. Anyway, silver backed off a bit and I’ve been selling Calls for small premiums. Hopefully silver will start moving with a stimulus package.
With Workhorse I made a lot of trades this week. This Grasshopper trade I made on Thursday was a 1 day trade and I felt I’d get assigned. It turned out to be a nice 1 day trade.
I’ll try to concentrate on a few more Grasshopper Trades this week. Watch for them. There’s money to be made.
Below are the 2 trades I made this week.
SLV
I bought the stock at $26.60. I sold a few Calls but this was the lowest premium. With this one I received a premium of 30¢. Doesn’t look big but it is a 1.1% for the 1 week trade. This trade fits into my 1 Week/1% strategy. Make a trade like this every week and you’re up 57%. This is the way you must look at your trades. If you don’t you might be looking to get rich quick.
2/16/21 – Sell to Open 1 SLV 2/26/21 $27.00 C @ 30¢ (+$30)
2/26/21- Expired 1 SLV 2/26/21 $27.00 C
Profit +$30
Workhorse
This was a nice 1 day Covered Call. The premium alone was 3.5%. This is fantastic! Yes it’s only $55, but I only invested $1550. Try to get that from a bank. It turns out I was assigned. This 1 day trade gave me a return of $105 on a $1550 investment. A large account or a small one, this is a great return. It’s 6.7% in 1 day. This must get you excited! Just imagine I did this with 10 contracts of 20 contracts. This is the type of trade that will get you on the road to financial security.
2/25/21 – Buy 100 Shares WKHS @ $15.50
2/26/21 – Assigned 100 Shares WKHS @ $16.00
Profit +$50
2/25/21- Sell to Open 1 WKHS 2/26/21 $16.00 C @ 55¢ (+$55)
2/26/21- Expired 1 WKHS 2/26/21 $16.00 C
Profit +$55
Total Weekly Gain +$135
I’m sorry this report is so late. As usual I’ve been busy with life and many students this weekend. My students are growing in numbers and it’s getting a little overwhelming, but we must help Main Street beat Wall Street.
Main Street vs Wall Street, David vs Goliath, the have nots vs the haves, we must spread the wealth in the country. We can change it through hard work, it doesn’t have to be through hand outs. A transfer of wealth can happen while we beat the hell out of Wall Street! We can help this happen.
Successful trading,
Steve
The Options Coach