Results Week Ending 12/18/20
If my weekly reports are not yet sounding repetitive and boring, this week’s might do it for you. Main Street beats Wall Street was developed as a learning site; to teach with articles and actual trades. I want to show the readers every trade I make as I make them. Show the readers that money can be made – good money – in the option’s market. Along with my trades I send out a weekly report explaining my trades of the week, and how they did. It seems like every weekly report is reporting the same success, week after week. I ask you not to get jaded because this week’s report is more of the same. Use these reports to fire up your enthusiasm, not get bored. I know the size of my trades are getting bigger, but my account is getting bigger. It’s very hard to manage a lot of trades, so to keep the number of trades down my trades must be bigger.
Starting the 1st of the year I will have a “Grasshopper Trades” page. This page will list all of my smaller trades. I will be making smaller trades for the readers to continue on the original mission of Main Street beats Wall Street. These will be trades the readers who are learning, and have smaller accounts, will be able to identify with. Trades that are doable with smaller accounts. I will still list all my trades, but the trades I feel will be good for newer traders, or traders with smaller accounts, will be listed on the new “Grasshopper Trades” page.
Let’s get to another repetitive report. This week is actually one of my favorite weeks of the year. I did not lock in as much as the past few months, but I was assigned on 3 big positions, my account went up a lot, my Year to Date (YTD) performance went up a lot, I prepared myself for a great January and I still locked in $8660.
I was assigned on 1000 shares of NEO at $45, 200 shares of NVDA at $530 and 1000 shares of AMD at $95. This money back in my margin gives me a lot to work with this coming week. What I’m gonna do is not determined yet, but I’ll be doing something.
As a result of getting assigned, which is because the stocks went up, and other stocks, options and LEAPS going up my account went up $80,000 since my last weekly report. This is crazy! Peloton went up from $117 to $140 just this week. I owned 2000 shares the entire week, and 4000 shares half the week. Apple started moving. Remember, I still have 8 LEAPS contracts from the split. Inseego started moving. I own a 20 contract LEAPS. Draftkings popped a few dollars, Micron came down a few dollars which I’m Short 1000 shares on. And a few other positions moved up a small amount.
My YTD performance was at 217% when I wrote my 2020 Year to Date (YTD) Report just 6 days ago. Today my YTD performance is at 252%.
Believe it or not, I only locked in $8660 because I pulled in the reins. I feel I’ll be paying enough taxes this year so I want to push profit to next year. I guess this is a good problem to have! Take a look at my Active Trades/Current Positions page. Go to Active Positions. You will see a bunch of Covered Call positions I pushed out to 1/15/21 so the profit will go toward 2021. I have Covered Calls with GDX, DKNG, INSG, NKLA, PTON and PLTR all expiring the second week in January. I predict I’ll have a very good start to the new year. All of these Calls I could have had expire sometime in December, but as I said, I’m pushing trades to January.
Please do not get Jaded and tired of my repetitive winning weeks. I’m printing this to inspire you to learn options trading and get on the road to making a lot of money yourself. I’m here for you!
Below are this week’s trades:
Peloton
This was a day trade. I was in for about 3 hours and decided to take the profit. I should have stayed in!
12/14/20 – Buy 1000 Shares PTON @ $124.00
12/15/20 – Sell 1000 Shares PTON @ $126.15
Profit +$2150
Neogenomics
I got into this Covered Call back on 11/20. I felt the stock was gonna move, which it did. I’m no genius, everything’s moving! I was assigned.
11/20/20 – Buy 1000 Shares NEO @ $44.95
12/18/20 – Assigned 1000 Shares NEO @ $45.00
Profit +$50
11/20/20 – Sell to Open 10 NEO 12/18/20 $45.00 C @ $ 2.05 (+$2050)
12/18/20 – Expired 10 NEO 12/18/20 $45.00 C
Profit +$2050
Nvidia
I did a 2 contract Covered Call and was assigned.
12/14/20 – Buy 200 Shares NVDA @ $529.00
12/18/20 – Assigned 200 Shares NVDA @ $530.00
Profit +$200
12/14/20 – Sell to Open 2 NVDA 12/18/20 $530.00 C @ $8.00 (+$1600)
12/18/20 – Expired 2 NVDA 12/18/20 $530.00 C
Profit +$1600
Workhorse
A Covered Call without assignment. Nice premium for a $21 stock.
12/14/20 – Sell to Open 10 WKHS 12/18/20 $22.00 C @ 80¢ (+$800)
12/18/20 – Expired 10 WKHS 12/18/20 $22.00 C
Profit +$800
Advanced Micro Devices
A Covered Call with assignment.
12/2/20 – Buy 1000 Shares AMD @$94.75
12/18/20 – Assigned 1000 Shares AMD @ $95.00
Profit +$250
12/14/20 – Sell to Open 10 AMD 12/18/20 $95.00 C @ $1.20 (+$1200)
12/18/20 – Expired 10 AMD 12/18/20 $95.00 C
Profit +$1200
Palantir
A CoveredCall without assignment. This was a 1 day trade. I already sold a 20 contract Call with these shares to expire 1/15/21.
Even with my account growing I still like bringing in whatever premium I can.
12/17/20 – Sell to Open 20 PLTR 12/18/20 $29.00 C @ 18¢ (+$360)
12/18/20 – Expired 20 PLTR 12/18/20 $29.00 C
Profit +$360
Total Weekly Gain +$8660
If you have any questions on a trade or a strategy send me an email.
Keep studying, you can do this!
Have a great weekend!
Successful trading,
Steve
The Options Coach