Results Week Ending 9/24/21
Today is Tuesday and I’m just getting to my weekly results. As usual I have a good excuse lol.
Whenever I have a busy weekend it’s tough to get this report out in a timely fashion. Well this weekend I was very busy. The main time consumer was the Tunnel to Towers (T2T) event. Some of you might be familiar with Tunnel to Towers but if you’re not I’ll give you a quick explanation.
This organization was formed my the family of Steve Siller.
On the morning of Sept 11, 2001 Steve Siller was driving on 278 from Staten Island to Brooklyn. He was a NYC firefighter on his way to work. When you are on 278 traveling north in Brooklyn you come to a section that splits; to the right you continue north on 278 and the left brings you to the Battery tunnel (Hugh Carey Tunnel) to downtown manhattan. When the planes hit the towers Steve was at this spot. Very quickly the morning traffic came to a dead halt. Here Steve is a NYC firefighter with his gear in the trunk and stuck in traffic. Steve decided to vacate his car on the side of the highway, grab his gear and run close to 5 miles to help at the burning buildings. There was cars stopped in the tunnel with exhaust flowing, and Steve was carrying his heavy gear. When he got through the tunnel he continued his run to the site of the World Trade Center. He arrived just in time for a tower to collapse.
Today the Tunnel to Towers foundation is one of the largest in the world. They do a lot of good! They honor our military and first responders who continue to make the supreme sacrifice of life and limb. It’s a great foundation that helped hundreds of families of the military and first responders around the entire country.
This weekend was their largest event that retraces Steve’s footsteps from Sept 11, 2001. This year there was over 35 thousand participants. It’s a huge event with people from all over the world.
OK, after that quick, but important, history lesson let’s get to this week’s results.
I only made 1 Grasshopper trade and it was a big loser. I decided to sell my shares of the garbage stock, Harley Davidson (HOG). I was in it long enough and it was time to dump this loser. It was part of getting more liquid to work on my Day Trading.
With this 1 trade I took a $2820 loss. But this is not the entire story of this week. With my entire account, which includes this 1 Grasshopper Trade along with my Master Trades and a few Day Trades, I had a fantastic week and made $16,540.
Harley Davidson
5/17/21 – Buy 200 Shares HOG @ $51.10
9/21/21 – Sell 200 Shares HOG @ $37.00
Loss -$2820
Total Weekly Loss -$2820
Clearly this Grasshopper Trade is not the entire story of my week. Below are all the trades I made. It really was a great week. One I hope to repeat this week!
9/16/21 – Sell to Open 10 M 9/24/21 $23.00 C @ 35¢ (+$350)
9/20/21 – Buy to Close 10 M 9/24/21 $23.00 C @ 7¢ (-$70)
Profit +$280
8/30/21 – Sell to Open 1 TSLA 9/24/21 $820.00 C @ $3.50 (+$350)
9/20/21 – Buy to Close 1 TSLA 9/24/21 $820.00 C @ 15¢ (-$15)
Profit +$335
9/13/21 – Buy 2000 Shares UVXY @ $23.46
9/20/21 – Sell 2000 Shares UVXY @ $26.00
Profit +$5080
5/17/21 – Buy 200 Shares HOG @ $51.10
9/21/21 – Sell 200 Shares HOG @ $37.00
Loss -$2820
9/22/21 – Sell to Open 10 MRIN 10/15/21 $12.50 C @ $1.80
9/22/21 – Buy to Close 10 MRIN 10/15/21 $12.50 C @ $1.15
Profit +$650
9/20/21 – Sell to Open 10 UVXY 9/24/21 $30.00 C @ $1.00 (+$1000)
9/22/21 – Buy to Close 10 UVXY 9/24/21 $30.00 C @ 30¢ (-$300)
Profit +$700
Post 4:1 Split “Sell to Close”
This position was selling 2 of the contracts I was still holding from the NVDA split. I’m still holding 4 more contracts which don’t expire until Jan, 2023.
7/19/21 – Buy to Open 1 NVDA 1/21/22 $760.00 C @ $83.00 ($20.75 post split)
9/22/21- Sell to Close 2 NVDA 1/21/22 $190.00 C @ $36.75
Profit +$3200
1/27/21 – Buy to Open 5 MRVL 1/21/22 $55.00 C @ $9.45
9/23/21 – Sell to Close 5 MRVL 1/21/22 $55.00 C @ $10.50
Profit +$525
This position was part of my split strategy I’ve been doing with Microchip. The stock splits on Oct 12th.
9/17/21 – Buy to Open 5 MCHP 1/21/22 $160.00 C @ $12.50
9/23/21 – Sell to Close 5 MCHP 1/21/22 $160.00 C @ $13.80
Profit +$650
9/8/21 – Buy 1000 Shares PLUG @ $26.40
9/23/21 – Sell 1000 Shares PLUG @ $27.50
Profit +$1100
9/24/21 – Buy 1000 Shares PLUG @ $26.85
9/24/21 – Sell 1000 Shares PLUG @ $27.10
Profit +$250
9/16/21 – Sell to Open 10 BBIG 9/24/21 $10.00 C @ $1.00 (+$1000)
9/24/21 – Expired 10 BBIG 9/24/21 $10.00 C
Profit +$1000
9/17/21 – Sell to Open 20 UVXY 9/24/21 $23.50 C @ 1.40 (+$2800)
9/24/21 – Expired 20 UVXY 9/24/21 $23.50 C
Profit +$2800
Assigned Covered Call
9/9/21 – Buy 1000 Shares SQ @ $255.30
9/24/21 – Assigned 200 Shares SQ @ $257.50
Profit +$440
9/17/21 – Sell to Open 2 SQ 9/24/21 $257.50 C @ $3.00 (+$600)
9/24/21 – Expired 2 SQ 9/24/21 $257.50 C
Profit +$600
In-the-Money Assigned Covered Call
Macy’s is one of the positions I was looking to get out of. I was in the stock at $22.85 and sold an In-the-Money Covered Call with the Strike Price of $$22.50. I really didn’t think I’d get assigned but I did. The stock took off! I had a loss with the stock and brought in a small premium. It was a losing trade but I’m out of the position.
8/30/21 – Buy 1000 Shares M @ $22.85
9/24/21 – Assigned 1000 Shares M @ $22.50
Loss -$350
9/21/21 – Sell to Open 10 M 9/24/21 $22.50 C @ 25¢ (+$250)
9/24/21 – Expired 10 M 9/24/21 $22.50 C
Profit +$250
9/21/21 – Sell to Open 10 PLUG 9/24/21 $27.00 C @ 30¢ (+$300)
9/24/21 – Expired 10 PLUG 9/24/21 $27.00 C
Profit +$300
The 2 trades below are Day Trades that worked great. I had other winning Day Trades but I wanted to show you these because they were very good trades, for a nice return.
Day Trade
9/22/21 – Sell to Open 10 MRIN 10/15/21 $12.50 C @ $1.80
9/22/21 – Buy to Close 10 MRIN 10/15/21 $12.50 C @ $1.15
Profit +$650
Day Trade
9/22/21 – Buy 1000 Shares AEHR10/15/21 @ $15.00
9/22/21 – Sell 1000 Shares AEHR 10/15/21 @ $15.90
Profit +$900
I made a lot of trades but even with the big loss with HOG it was still a great week. The grand total is +$16,540.
Successful trading,
Steve
The Options Coach