Results Week Ending 9/17/21

So far this is a typical September. Considering the ups and downs I had a very good week. I’m not making many Grasshopper Trades because I am working on my Day Trading strategy. I’m not posting those trades yet but I like what I’m doing. My weekly results do not include my Day Trading.

There are trades listed below that are a result of me Day Trading. Let me explain.

With most of my Day Trades I buy 1000 shares of a stock and hope for a 20 cents move before I get out. If the stock moves 20 cents, on the 1000 shares, I make $200. Believe it or not sometimes the stock moves less than 20 cents and the position reverses. If it looks like I’m not going to get out that day with the $200 profit I sell a 10 contract, 1 week Call. Most of the stocks I’m Day Trading have pretty nice premiums. Falling into this category from the list below are: CHWY, BBIG, SPRT, UVXY and PLUG. With most of these stocks I made many Day Trades, and they were successful as Day Trades.

When it comes to Grasshopper Trades, any of the Master Trades below I would do as a Grasshopper Trade with less contracts. The problem is getting the trades out to you. Because of the time involved I haven’t been posting all my Master Trades. I’m gonna try to post the Master Trades I feel will make good Grasshopper Trades with less contracts.

With my lack of Grasshopper Trades I only made $120 this week. It was with one trade with U.S. Steel listed below. However, if you look at all my trades I made $13,900. This is a great week!

I’ve been doing a good job of getting out of some positions and being more liquid for Day Trading. And, as I mentioned, some Day Trades become one week Covered Calls if the Day Trades don’t work the way I want. This is why I have a lot more trade this week.

I’ll start with my lone Grasshopper Trade. I own 400 shares of U.S. Steel (X) and sold a 4 contract Call. It expired yesterday without assignment. This stock has been up and down and I haven’t been assigned. I would like to move on from X and use the money for my new venture of Day Trading.

U.S. Steel

9/10/21 – Sell to Open 4 X 9/17/21 $28.00 C @ 30¢ (+$120)

9/17/21 – Expired 4 X 9/17/21 $28.00 C

Profit +$120

Total Weekly Gain +$120

Of course this weekly gain is for my only Grasshopper Trade. Below are all my trades and the weekly gain is fantastic!

 

8/31/21 – Buy to Open 2 MCHP 1/21/22 $155.00 C @ $13.00

9/13/21 – Sell toClose 2 MCHP 1/21/22 $155.00 C @ $15.00

 Profit +$400

8/19/21 – Buy to Open 20 PLTR 12/17/21 $25.00 C @ $3.40 

9/16/21 – Sell to Close 20 PLTR 12/17/21 $25.00 C @ $4.85

Profit +$2900

5/4/21 –  Buy to Open 10 AMAT 6/17/22 $125,00 C @ $21.50 

9/16/21 – Sell to Close 10 AMAT 6/17/22 $125.00 C @ $28.05

Profit +$6550

When the Delta Variant started to spread I felt ABNB would get hurt. I decided to take a chance and Short the stock. Shorting is very dangerous so it was a ballsy move. I felt with the Delta Variant and September upon us, the stock would come down. I was wrong, but I only shorted 100 shares. Even though it was a small position it turned out to hurt me in a big way. The stock did nothing but go up. I had strong conviction that it would come down but it kept moving up. This week I capitulated and bought 100 shares to cover my position. If Murphy’s Law works, it will come down this week.

Along with this Short position I also sold a Put with the Strike Price at my buy-in price. Shorting and selling a Put is similar to a Covered Call strategy. I was able to keep the Put money but it’s only $160. This position is listed below.

8/19/21 – Short 100 Shares ABNB @ $142.60

9/17/21 – Buy 100 Shares ABNB @ $168.65

 Loss -$2605

7/15/21 – Sell to Open 6 SLV 9/17/21 $26.00 C @ 50¢ (+$300)

9/17/21 – Expired 6 SLV 9/17/21 $26.00 C

Profit +$300

7/20/21 – Sell to Open 10 SENS 9/17/21 $4.00 C @ $25¢ (+$250)

9/17/21 – Expired 10 SENS 9/17/21 $4.00 C

Profit +$250

9/7/21 – Sell to Open 5 CHWY 9/17/21 $81.00 C @ 50¢ (+$150)

9/17/21 – Expired 5 CHWY 9/17/21 $81.00 C

 Profit +$150

Assigned Covered Call

8/25/21 – Buy 500 Shares FSLR @ $95.25

9/17/21 – Assigned 500 Shares FSLR @ $95.25

 Profit +$125

9/7/21 – Sell to Open 5 FSLR 9/17/21 $95.50 C @ $1.60 (+$800)

9/17/21 – Expired 5 FSLR 9/17/21 $95.50 C

Profit +$800

9/13/21 – Sell to Open 10 BBIG 9/17/21 $10.00 C @ $1.20 (+$1200)

9/17/21 – Expired 10 BBIG 9/17/21 $10.00 C

Profit +$1200

9/13/21 – Sell to Open 5 SPRT 9/17/21 $27.50 C @ 90¢ (+$450)

9/17/21 – Expired 5 SPRT 9/17/21 $27.50 C

Profit +$450

9/13/21 – Sell to Open 20 UVXY 9/17/21 $24.00 C @ $1.20 (+$2400)

9/17/21 – Expired 20 UVXY 9/17/21 $24.00 C

 Profit +$2400

9/14/21 – Sell to Open 2 SQ 9/17/21 $257.50 C @ $2.20 (+$440)

9/17/21 – Expired 2 SQ 9/17/21 $257.50 C

Profit +$440

9/14/21 – Sell to Open 10 PLUG 9/17/21 $26.50 C @ 26¢ (+$260)

9/17/21 – Expired 10 PLUG 9/17/21 $26.50 C

Profit +$260

8/24/21 – Sell to Open 1 ABNB 9/17/21 $42.00 P @ $1.60 (+$160)

9/17/21 – Expired 1 ABNB 9/17/21 $42.00 P

Profit +$160

9/10/21 – Sell to Open 4 X 9/17/21 $28.00 C @ 30¢ (+$120)

9/17/21 – Expired 4 X 9/17/21 $28.00 C

Profit +$120

Total Weekly Gain +$13,900

I’m going to continue to liquidate and work on my Day Trading. If I feel confident enough to post trades I’ll be getting these trades out. I have a meeting coming up to work on a Discord site to get the trades out immediately. Anyone who signs up will get a text of the trade as I make it. Of course this will be FREE!

Enjoy the weekend.

 

Successful trading,

Steve

The Options Coach