Results Week Ending 5/21/21
Right now It’s 1am Sunday night/Monday morning. You might not believe this but I’m sitting, relaxing in my house the first time since Thursday. I’m winding down before I go to bed after a crazy busy weekend.
Thursday was my birthday, but my wife and I also are godparents to a beautiful baby girl who turned 1 year old on my birthday. The parents of our godchild asked if they could have a first birthday party in our backyard. Since I love throwing parties we said yes. The problem was, since it’s still spring, my beautiful yard need a ton of work to get it in shape to entertain 50 people. I won’t get too much into it but I’ve been power washing alone for 5 days.
The party was today. It was a beautiful, 90° day and it went longer than I thought. After a bit of a clean up I just sat down after a crazy week.
I really don’t want to write now but I had a real nice week, with a lot of assignments, so I have a lot of money to invest tomorrow. I figure if I don’t get it done now I might not get it done tomorrow. I’m so tired I might not even be making sense lol.
Not only was I assigned on some of my larger trades but also a few Grasshopper Trades. Let’s take a look at this week’s trades.
SLV
SLV has been a thorn in my side. It’s down from my buy-in price but I keep bringing in small premiums.
4/21/21 – Sell to Open 1 SLV 5/21/21 $26.00 C @ 25¢ (+$25)
5/21/21 – Expired 1 SLV 5/21/21 $26.00 C
Profit +$25
Palentir
I bought these shares to do an At-the-Money Covered Call. I was assigned. I made nothing on the stock assignment but kept a $120 premium which was a 3% return. Great Grasshopper Trade!
5/12/21 – Buy 200 Shares PLTR @ $19.50
5/21/21 – Assigned 200 Shares PLTR @ $19.50
Profit +$0
5/14/21 – Sell to Open 2 PLTR 5/21/21 $19.50 C @ 60¢ (+$120)
5/21/21 – Expired 2 PLTR 5/21/21 $19.50 C
Profit +$120
Harley Davidson
This was an In-the-Money Covered Call. I did not get assigned so I keep the bigger premium. Hopefully I get another sold this week. This premium was 2.4%
5/17/21 – Sell to Open 2 HOG 5/21/21 $51.00 C @ $1.25 (+$250)
5/21/21 – Expired 2 HOG 5/21/21 $51.00 C
Profit +$250
Palentir
This was another At-the-Money Covered Call with PLTR. Same result as the PLTR above. Made nothing on the stock but keep the nice premium.
5/17/21 – Buy 200 Shares PLTR @ $20.00
5/21/21 – Assigned 200 Shares PLTR @ $20.00
Profit +0
5/17/21 – Sell to Open 2 PLTR 5/21/21 $20.00 C @ 60¢ (+$120)
5/21/21 – Expired 2 PLTR 5/21/21 $20.00 C
Profit +$120
Nikola
This was a 3 day trade without assignment.
5/18/21 – Sell to Open 1 NKLA 5/21/21 $15.50 C @ 25¢ (+$25)
5/21/21 – Expired 1 NKLA 5/21/21 $15.50 C
Profit +$25
Macy’s
This was anIn-the-Money Covered Call with assignment. I received a 3.6% premium which was $130 buy I gave back 15¢ on the stock sale. On the 200 shares that’s $30. Total profit was $100.
5/19/21 – Buy 200 Shares M @ $18.15
5/21/21 – Assigned 200 Shares M @ $18.00
Lose -$30
5/19/21 – Sell to Open 2 M 5/21/21 $18.00 C @ 65¢ (+$130)
5/21/21 – Expired 2 M 5/21/21 $18.00 C
Profit +$130
Draftkings
Another In-the-Money Covered Call with assignment.
5/20/21 – Buy 100 Shares DKNG @ $44.23
5/21/21 – Assigned 100 Shares DKNG @ $44.00 C
Loss -23
5/20/21 – Sell to Open 1 DKNG 5/21/21 $44.00 C @ 90¢ (+$90)
5/21/21 – Expired 1 DKNG 5/21/21 $44.0 C
Profit +$90
Total Weekly Gain +$707
This was a very nice week for Grasshopper Trades. Plus it was a great week for my larger trades. My total gains for the week was $12,957. I had a bunch of good trades with assignments. Take a look at all the trades on the Active Trades page or the Trade History 2021 page and let me know if you have any questions.
No I have to get to bed and get ready for the Monday morning market. Right now the futures are looking at a higher opening. But we have a few hours to go!
Successful trading,
Steve
The Options Coach