Results Week Ending 6/19/20
I hope everyone had a great Father’s Day. I had a fantastic one! But because of Father’s Day I haven’t been near my computer the entire weekend. I had my kids over for a BBQ on the beautiful day here in NYC. I’ve been getting work done on my yard all week and had the rush on Saturday. It came beautiful! Because of the coronavirus I haven’t seen them much so it was very enjoyable.
Now being Monday morning I’m trying to get a few trades in to start the week, check my emails and answer a few of your emails. If you’re waiting for a response to a question you emailed me you’ll be receiving an email from me today.
Here are my trades from last week. It seemed like everything moved the way I wanted. Before the end of the week I thought I’d be assigned on more of my positions but I was assigned on 2 big ones, PTON and NVDA. Let’s see how the trades worked out.
I sold a 1 contract LEAPS on Facebook (FB). It may have been premature because the stock is still moving up, but I never feel like I made a mistake when I grab profit.
5/27/20 – Buy to Open 1 FB 1/21/22 $220.00 C @ $43.00
6/18/20 – Sell to Open 1 FB 1/21/20 $220.00 C @ $49.75
Profit +$675
Peloton
As last week, Peloton (PTON) is my crown jewel trade of the week. I bought 2000 shares at $47.24 and sold 20 contracts of the $48 Calls. And I was assigned! The Call gave me a premium of $4000 and the stock sale a profit of $1520. This simple Covered Call brought in a total of $5520. Crazy!
6/15/20 – Buy 2000 Shares PTON @ $47.24
6/19/20 – Assigned 2000 Shares PTON @ $48.00
Profit +$1520
6/15/20 – Sell to Open 20 PTON 6/19/20 $48.00 C @ $2.00 (+$4000)
6/19/20 – Expired 20 PTON 6/19/20 $48.00 C
Profit +$4000
Nvidia
I owned 200 Shares of Nvidia (NVDA) for a few weeks. I got in at $361 and I’ve been selling Calls and not getting assigned. This week I was assigned. I made some nice profit with NVDA the last few weeks, let’s watch to see if I get back in this week.
5/19/20 – Buy 200 Shares NVDA @ $361.00
6/19/20 – Assigned 200 Shares NVDA @ $365.00
Profit +$800
6/15/20 – Sell to Open 2 NVDA 6/19/20 $365.00 C @ $7.00 (+$1400)
6/19/20 – Expired 2 NVDA 6/19/20 $365.00 C
Profit +$1400
Nutanix
I’ve been in Nutanix (NTNX) for a few weeks. I think I want to move on for the stock so this week I sold a Call with a Strike Price below my by in price. I bought the stock at $23.65 and sold the $23.50 Call. If assigned I would have lost 15¢ on the stock. I wasn’t worried about the 15¢ because I brought in a premium for a few weeks and I up on this NTNX position. If I took a 15¢ lose, no big deal!. But I wasn’t assigned so I received a higher premium and the strategy worked out. I have an order to sell another $23.50 Call now for a 60¢ premium. I’ll let you know if, and when I get filled.
6/15/20 – Sell to Open 10 NTNX 6/19/20 $23.50 C @ 40¢ (+$400)
6/19/20 – Expired 10 NTNX 6/19/20 $23.50 C
Profit +$400
United Airlines
Bought 500 shares of UAL at $36.50 and sold 5 contracts of the $37 Calls. I received a great premium and was not assigned. I placed another order to sell 5 contracts of the $37 Calls to expire this Friday. Let’s see if I get filled.
6/15/20 – Sell to Open 5 UAL 6/19/20 $37.00 C @ $2.05 (+$1025)
6/19/20 Expired 5 UAL 6/19/20 $37.00 C
Profit +$1025
Skyworks Solutions
Bought 300 shares at $130 and sold 3 contracts of the At-the-Money Calls. I was not assigned. Trying to sell another Call now.
6/17/20 – Sell to Open 3 SWKS 6/19/20 $130.00 C @ $2.10 (+$630)
6/19/20 – Expired 3 SWKS 6/19/20 $130.00 C
Profit +$630
Another great week mainly because of the PTON trade. My profit is growing after the coronavirus collapse. I know it early but I’m feeling positive about another good year.
Total Weekly Gain +$10,450
You’ll be receiving a few more emails today. I’m trying to catch up on my work and I’ll be sending out trades. I apologize in advance.
successful Trading,
Steve
The Options Coach