Hi all!, I just returned from a trip to Florida. I had a home in Ft Lauderdale for many years and have many friends there. Once a year we take a memorial motorcycle run from Ft Lauderdale to Key West. We have a friend that died on the bike in 2005. While I was away I didn’t do much with the options or Main Street beats Wall Street. I really haven’t been doing much with the market lately anyway because my stock holdings are still below where I bought in. I did take a chance on selling a $95 Call on 1000 of my RH shares which worked out well. The stock didn’t go above my Strike Price and I didn’t get assigned. I didn’t want to get assigned because I bought the shares in the $102 area. Today RH is up over $97 so it made a big comeback which makes me very happy. The Call I sold brought in $900. While I’m waiting for my stocks to get higher I will bring in a premium whenever I can.
4/24/18 – Sell to Open 10 RH 4/27/18 $95.00 C @ 90¢ (+$900)
4/27/18 – Expired 10 RH 4/27/18 $95 C
Profit +$900
This was my only trade so my weekly gain is $900. I’ll take it!
Weekly Gain +$900
Steve
The options Coach