Results Week Ending 4/16/21
I’m still in Ft Lauderdale, and it’s another beautiful day. Every day was perfect! Sorry I didn’t get this report done yesterday, but better late than never.
I continue to bring in great premiums as I wait for some of my stock holdings to recover. Once everything recovers my account will be looking better then ever.
As you know I like to get assigned. This week I was assigned on 2 positions, Tesla and Roblox. These 2 assignments gave me a large amount of buying power to start the week. Speaking about the start of the week, it’s starting on a travel day. I’ll be leaving my hotel tomorrow at 12 noon to head to the airport to return home. I hope I can get a few trades in before I leave.
Let’s take a look at this week’s trades so I can go enjoy my last day of vacation.
SLV
I got into SLV when I felt silver was going to move because of the stimulus. It never moved so I keep selling Calls. Assignment doesn’t look like it will be any time soon. I’ll continue to try to bring in premiums.
3/22/21 – Sell to Open 5 SLV 4/16/21 $26.00 C @ 25¢ (+$125)
4/16/21 – Expired 5 SLV 4/16/21 $26.00 C
Profit +$125
Lexingfintech
This stock is well below my buy-in price so I sell Calls a month or 2 out with the Expiration Date. This was a 1 month option and gave me a $1250 premium.
3/16/21 – Sell to Open 10 LX 4/16/21 $15.00 C @ $1.25 (+$1250)
4/16/21 – Expired 10 LX 4/16/21 $15.00 C
Profit+$1250
Workhorse
Workhorse is lower but started moving this week. I hope to get another Call sold and get assigned this week.
3/31/21 – Sell to Open 10 WKHS 4/16/21 $16.00 C @ 60¢ (+$600)
4/16/21 – Expired 10 WKHS 4/16/21 $16.00 C
Profit +$600
NIO
The electric car makers are struggling because of the chip shortage. Nio is no exception. I’m happy bringing in small premiums until it recovers.
3/31/21 – Sell to Open 10 NIO 4/16/21 $46.00 C @ 40¢ (+$400)
4/16/21 – Expired 10 NIO 4/16/21 $46.00 C
Profit +$400
Roblox
This was my 1st trade with this stock. This was a 5 contract Covered Call with assignment. I’ll be watching the stock closely and I feel I’ll be making more trades with this one. This trade gave me a 2.7% return with the premium only. I also made $550 on the stock assignment. Not bad for a 1 week trade.
Assigned Covered Call
4/12/21 – Buy 500 Shares RBLX @ $72.90
4/16/21 – Assigned 500 Shares RBLX @ $74.00
Profit +$550
4/12/21 – Sell to Open 5 RBLX 4/16/21 $74.00 C @ $2.00 (+$1000)
4/16/21 – Expired 5 RBLX 4/16/21 $74.00 C
Profit +$1000
Peloton
Another 10 contract PTON trade as I try to recover from the stock trading below where I bought.
4/12/21 – Sell to Open 10 PTON 4/16/21 $125.00 C @ $1.10 (+$1100)
4/16/21 – Expired 10 PTON 4/16/21 $125.00 C
Profit +1100
Tesla
This is the trade of the week. I bought 200 shares on 3/1 and have been selling Calls every week bringing in a premium of $3000 or $4000. This week was a $3000 premium and an assignment. In addition to the premium I made $5200 on the stock sale for a total of $8200.
Assigned Covered Call
3/1/21 – Buy 200 Shares TSLA @ $704.00
4/16/21 – Assigned 200 Shares TSLA @ $730.00
Profit +$5200
4/13/12 – Sell to Open 2 TSLA 4/16/21 $730.00 C @ $15.00 (+$3000)
4/16/21 – Expired 2 TSLA 4/16/21 $730.00 C
Profit +$3000
Penn Gaming
Another Call sold on PENN without assignment.
4/13/21 – Sell to Open 10 PENN 4/16/21 $109.00 C @ 50¢ (+$500)
4/16/21 – Expired 10 PENN 4/16/21 $109.00 C
Profit +$500
Square
I threw this trade in on Thursday. I felt I’d be assigned but the stock sold off. I hope to sell another Call tomorrow and get assigned at the end of the week.
4/15/21 – Sell to Open 3 SQ 4/16/21 $267.50 C @ $3.50 (+$1050)
4/16/21 – Expired 3 SQ 4/16/21$267.50 C
Profit +$1050
NIO
This was a Grasshopper trade I made a month ago. The stock is way down so I’ll try for another 1 month Call this week.
3/16/21 – Sell to Open 1 NIO 4/16/21 $65.00 C @ 60¢ (+$60)
4/16/21 – Expired 1 NIO 4/16/21 $65.00 C
Profit +$60
SLV
Grasshopper trade. Same as the SLV trade above.
3/22/21 – Sell to Open 1 SLV 4/16/21 $25.00 C @ 25¢ (+$25)
4/16/21 – Expired 1 SLV 4/16/21 $25.00 C
Profit +$25
MOMO
Grasshopper trade without assignment.
3/30/21 – Sell to Open 4 MOMO 4/16/21 $15.50 C @35¢ (+$140)
4/16/21 – Expired 4 MOMO 4/16/21 $15.50 C
Profit +$140
U.S. Steel
Another Grasshopper Trade without assignment. I’ll get another Call sold this week.
4/14/21 – Sell to Open 1 X 4/16/21 $23.50 C @ 50¢ (+$50)
4/16/21 – Expired 1 X 4/16/21 $23.50 C
Profit +$50
Total Weekly Gain +$15,050
This week was a combination of large trades, Grasshopper Trades and a few assignments which gave me a very nice week.
I would like to welcome the new readers. If you have any questions send me an email.
Enjoy the rest of the weekend!
Successful trading,
Steve
The Options Coach