I’m sorry I’m just getting to my weekly results on Monday, but I’ve had an extremely busy weekend and was nowhere near my computer. I had a reunion in my yard with my college basketball team. It was a blast but a lot of work.
Last week was a nice week for me. I only had 2 positions expire in The Grasshopper Field, and neither were assigned, but my account did well. With my Grasshopper Trades, I locked in $380 and my entire account ,which includes my Master Trades, did a very nice $7300.
Today, Monday, my account is flying. However, I do not plan on holding on to today’s gains very long. I’m only looking at past weeks and thinking the market will not go up every day this week. But it would be nice.
Let’s take a look at the 2 Grasshopper Trades.
Harley Davidson
Harley Davidson (HOG) has been a huge disappointment. I’ll just continue to sell Calls and hope the stock starts to move.
6/23/21 – Sell to Open 2 HOG 7/30/21 $51.00 C @ $1.10 (+$220)
7/30/21 – Expired 2 HOG 7/30/21 $51.00 C
Profit +$220
Xpeng
Xpeng (XPEV) is starting to move with good earnings. Let’s hope it continues.
7/26/21 – Sell to Open 2 XPEV 7/30/21 $44.00 C @80¢ (+$160)
7/30/21 – Expired 2 XPEV 7/30/21 $44.00 C
Profit +$160
Total Weekly Gain +$380
I hope everyone had a great weekend. The weather was great here in NY and I had a beautiful time with some old friends from college. Players and coaches I had about 40 people. The weekend is over and it’s time to make some money. Today is a very nice start!
Successful trading,
Steve
The Options Coach