This is my extremely late week ending report from last week. Since it’s about a week late I’ll be very quick. It was a very nice week but still waiting for FB and NFLX to get up to my buy-in price so I can get back to making money with those funds.
I have 3 trades to report. 1 involving Advanced Micro Devices (AMD) and 2 with RH. With AMD it was just a stock buy and sale. I was holding 1000 shares of AMD and with it up 81 cents I decided to lock in a $810 profit.
AMD
7/31/8 – Buy 1000 Shares AMD @ $19.00
8/13/18 – Sell 1000 Shares AMD @ $19.81
Profit +$810
Next I had a Grasshopper trade. It was a 1 contract Covered Call. I bought 100 shares at $146.90 and sold a $150 Call. I was assigned for a $310 profit on the stock and I received a $300 Premium.
RH Covered Call
8/13/18 – Buy 100 Shares RH @ $146.90
8/17/18 – Assigned 100 Shares RH @ $150.00
Profit +$310
8/13/18 – Sell to Open 1 RH 8/17/18 $150.00 C @ $3.00 (+$300)
8/17/18 – Expired 1 RH 8/17/18 $150.00 C
Profit +$300
I had another 1 contract Covered Call with RH but I was not assigned on this one. I keep the 100 shares and I peep the $200 premium.
RH
8/13/18 – Sell to Open 1 RH 8/17/18 $152.50 C @ $2.00 (+$200)
8/17/18 – Expired 1 RH 8/17/18 $152.50 C
Profit +$200
Total Weekly Gain +$1620
Today is Friday, another expiration day! This week’s gain will be very close to last week’s (report above). FB and NFLX have been recovering but If I can have weeks like this waiting for them to fully recover, it’s not bad. The end of the month is coming and I’m looking forward to my $4000 draw from my account. This is the amount I take every month unless I’m fully invested and I cannot get it out. So far this year I think I missed 2 months because of being fully invested.
I didn’t get to do a yearly progress report, but so far I’m up a little over 50%. This is with all commissions and margin interest removed, and my margin interest in a pretty big number. This number is a business expense! Like I said before, if this is not good enough, you better invest in a gun and a mask!
I do no advertising for Main Street beats Wall Street. Any reader joined completely organically. I have 170 readers! I really can’t believe I don’t have 10,000. However, I’m very happy. I really don’t think I would be able to handle more emails. If anyone follows a sight where they are doing 50% please send me the link.
I am very happy with this year’s “to date” results, but believe me, I know it can change with one bad trade. With a few bad trades I can go in the negative…..FAST!
Steve
The Options Coach