Results Week Ending 9/18/20
It’s Sunday evening and I’m just getting to the week ending report. I had my family over all day Saturday, and I had students this morning. I’m just getting it done now.
This was not a good week for the market. I locked in some nice money but many of my holdings are below my buy-in price. I’m hoping we have a good day tomorrow so I can get Calls sold on the stocks I’m holding.
This week I was assigned on only one stock, Workhorse (WKHS). The rest I still own. A nice rebound tomorrow and I get more Calls sold.
Let’s look at this week’s money makers.
Nvidia
On Monday I sold a Call with NVDA for a $6000 premium. The same day the stock dropped and I did a “Buy to Close” for $1700 having a $4300 profit. The next day I sold another Call bringing in another $3000 premium. This trade is below.
9/14/20 – Sell to Open 10 NVDA 9/18/20 $570.00 C @ $6.00 (+$6000)
9/14/20 – Buy to Close 10 NVDA 9/18/20 $570.00 C @ $1.70 (-$1700)
Profit +$4300
Workhorse
I bought a 2 contract LEAPS back on 7/13. I sold it Thursday for a $1660 profit. I would have been better off holding it a little longer because the stock continued up. No problem! I had a 93% return.
7/13/20 – Buy to Open 2 WKHS 12/17/21 $18.00 C @ $8.90
9/17/20 – Sell to close 2 WKHS 12/17/20 $18.00 C @ $17.20
Profit +$1660
Workhorse
On Monday I liked the premiums with WKHS. I bought the stock at $24 and sold an At-the-Money Call. I was in this for the premium. I received $1.70 for $1700. I was assigned.
9/14/20 – Buy 1000 Shares WKHS @ $24.00
9/18/20 – Assigned 1000 Shares WKHS @ $24.00
Profit +$0
9/14/20 – Sell to Open 10 WKHS 9/18/20 $24.00 C @ $1.70 (+$1700)
9/18/20 – Expired 10 WKHS 9/18/20 $24.00 C
Profit +$1700
Nvidia
This is the 2nd Call I sold with NVDA this week. A nice 3K return.
9/15/20 – Sell to Open 10 NVDA 9/18/20 $555.00 C @ $3.00 (+$3000)
9/18/20 – Expired 10 NVDA 9/18/20 $555.00 C
Profit +$3000
Square
SQ has been below where I bought. On Tuesday I got a Call sold for an 80¢ premium. a little low for a high priced stock but this premium will pay some of my business expenses. Like margin interest.
9/15/20 – Sell to Open 10 SQ 9/18/20 $170.00 C @ $80¢ (+$800)
9/18/20 – Expired 10 SQ 9/18/20 $170.00 C
Profit +$800
Apple
I bought 1000 shares and sold a 10 contract Call. As soon as I did the stock started to drop. I’m really not worried about this stock. It will bounce back soon. brought in a nice $1600 premium.
9/15/20 – Sell to Open 10 AAPL 9/18.20 $120.00 C @ $1.60 (+$1600)
9/18/20 – Expired 10 AAPL 9/18/20 $120.00 C
Profit +$1600
Micron
This one I sold a Call a 10 contract Call on Friday. I’m in the stock at $51.75 and sold the $52 Call. I was hoping to get assigned but the stock went up to $52.15 and pulled back again. Maybe this week! I’ll take the $300 and go out to dinner.
9/18/20 – Sell to Open 10 MU 8/18/20 $52.00 C @ 30¢ (+$300)
9/18/20 – Expired 10 MU 8/18/20 $52.00 C
Profit +$300
A real nice week. I just need the stocks to go up this week and get more Calls sold. Hopefully get assigned!
Total Weekly Gain +$13, 360
Any questions on this week’s trades, send me an email.
Enjoy your evening. Good luck tomorrow.
Successful trading,
Steve
The Options Coach