I Have a Few Trades to Report

Before the election I bought another 100 shares of Palantir (PLTR). The first 100 shares I bought on Oct 30th and sold a Call. I already reported entering that trade. This position I still hold. The new 100 shares I bought on Nov 4th with the stock at $46 and today I sold a Call. I sold 1 PLTR 11/8/24 $55 Call for a premium of 50¢ for a premium of $50. I held the stock a few days without selling a Call because I felt strongly about the stock moving up from the election results. Today with the stock down I decided to get a Call sold. It’s not a huge premium but it is a little over 1% for a 1 day trade.

11/4/24 – Buy 100 Shares PLTR @ $46.00 

11/7/24 – Sell to Open 1 PLTR 11/8/24 $55.00 C @ 50¢ (+$50)

Remember, It’s all about the percentage return not the amount of the return. If I get assigned I’ll make $900 on the stock sale.

Below are 3 long Call options I owned and closed. The first is with Nvidia (NVDA).

Nvidia

6/13/24 (128.53) Buy to Open 1 NVDA 1/17/25 $129.00 C @ $20.50 

11/6/24 – Sell to Close 1 NVDA 1/17/25 $129.00 C @ $22.50 Closed 

Profit +$200

I have been in this position since June and Expiration isn’t until January . The stock stopped moving and I was worried about Time Decay. I decided to take the $200 profit and make the money available. This is a  9.7% return in 5 months.

QQQ

6/18/24 – Buy to Open 1 QQQ 1/17/25 $480.00 C @ $37.50

11/7/24 – Sell to Close 1 QQQ 1/17/25 $480.00 C @ $41.50 Closed

Profit +$400

This position with the Q’s I have also been in since June. I got out for the same reason. QQQ made a nice move from the election. This trade gave me a 10.6% return.

META

11/1/24 – Buy to Open 1 META 12/20/24 $570.00 C @ $27.45

11/7/24 – Sell to Close 1 META 12/20/24 $570.00 C @ $33.45 Closed

Profit +$600

This position I just entered because the stock pulled back and I felt it would move with the election. I held it for 6 days for a 21.8% return.

With the 3 positions I exited I locked in $1200 and freed up some cash in case the market takes a small dip after the big run-up from the election results.

 

Send me an email with any questions.

 

Successful trading,

Steve

The Options Coach