Finally getting to my report from last week. I had a lot going on this week with Sept 11th. This week always weights heavy on the emotions. Most NY’er lost many friends and I’m not an exception. As a retired NYC firefighter, not only did I know a bunch of civilians, but many, many firefighters. You probably know I played on the FDNY basketball team. We lost 4 players from the team, take a look at my page “About Me.” In addition, the coach lost a son and one of the team’s long time players also lost a son. I can go on and on about people I knew, but so many NY’er, and people from around the country also lost loved ones on that day, 17 years ago. The pain will never go away!
Let’s get on to some less important things. Sept 11th, 2001 was a horrible day and we endured much pain but we must live on.
This week I only had 2 trades. Both were Covered Calls. I was assigned on (AMD) and 1 I was not (MU). It wasn’t a great week but I brought is $1000, can’t complain! Take a look at the trades and let me know if you have any questions.
Micron
8/31/18 – Sell to Open 5 MU 9/7/18 $53.00 C @ 90¢ (+$450)
9/7/18 – Expired 5 MU 9/7/18 $53.00 C
Profit +$450
Advanced Micro Devices Covered Call
9/4/18 – Buy 1000 Shares AMD @ $26.95
9/7/18 – Assigned 1000 Shares AMD @ $27.00
Profit +$50
9/4/18 – Sell to Open 10 AMD 9/7/18 $27.00 C @ 50¢ (+$500)
9/7/18 – Expired 10 AMD 9/7/18 $27.00 C
Profit +$500
Total Weekly Gain +$1000
Steve
The Options Coach