Trades with DJT, RKLB, ACI, SMCI, WMT and PLTR
I have been very busy today. Looking for stocks and options that I feel have a good money making opportunity. As I was getting filled on each trade that I had an order in with I was working on another trade so I didn’t get a chance to post as I was going. As a result, here are seven trades I made today. Today felt good! It felt like the old days. I’ll go over each trade I made today.
Trump Media & Technology Group
I bought 200 shares of DJT last week on Nov 11th. I sold a Call bringing in a $2.75 premium for $550. I was not assigned so today I sold another Call but today’s Call had a much lower premium. Last week I brought in 8.2% and this week 3%. My strategy is 1 Week/1% so these premiums are great!
Sell to Open 2 DJT 11/22/24 $33.00 C @ $1.00 (+$200)
Rocket Lab USA
With RKLB I also bought 200 shares last week. As with DJT I was not assigned and sold another Call. Last week I received an 85¢ premium which was 3.9% and today I received 75¢ for 3.5%. Again, great premiums!
Sell to Open 2 RKLB 11/22/24 $21.50 C @ 75¢ (+$150)
Albertsons Companies
While I was looking up info on Walmart I came across Albertsons (ACI). This is the first time I ever made a trade with this stock. This is a great stock and had great returns the last 5 years. I decided to buy 400 shares and sell a 4 contract Call. I paid $19.33 for the stock and received a premium of 40¢ for $160. This 40¢ is a 2% return on my $19.33 investment.
Buy 400 Shares ACI @ $19.33
Sell to Open 4 ACI 11/22/24 $20.00 C @ 40¢ (+$160)
If I get assigned I’ll make another 67¢ per share on the stock sale for $268. This is a great Grasshopper Trade!
Super Micro Computer, Inc.
When I was watching SMCI today moving up 30%, in addition to liking the way my day was going, I decided to take a little gamble. This is something that happens but it shouldn’t! With the stock moving up for the last week I decided to buy a short term option. They are reporting earnings tomorrow and this is a 3 day long option. This is a complete gamble and it is not for Grasshoppers! With the stock a little above $28 I bought 2 $29 Calls for a premium of $2. This position cost me $400. If they come out with good earnings I could make a few bucks. If not I’ll lose the $400. Sometimes I hope these trades don’t work so I don’t do them again lol. However, I have been doing well so I felt it was a gamble worth taking. But it goes against my rules so I really don’t care how it works out. This trade is a Risk Factor 5.
Buy to Open 2 SMCI 11/22/24 $29.00 C @ $2.00
Palantir
I really like PLTR. But it’s been on a big run so I don’t see it going much higher. Even if it levels off I will still be trading options on this stock. Most Main Street beats Wall Street readers know I sell options and once in a while I’ll buy a long term option. Not too often do I buy or sell Puts. Today with Palantir up again I decided to sell a Put. When you sell a Put you collect a premium and the one who paid the premium has the right to sell you the stock at the price in your contract. With the stock up near $62 I sold a 2 contract Put with a Strike Price of $58. The one who paid me has the right to put 200 shares of PLTR to me at $58 per share. I love the stock and I would like to own it at $58 per share. If the stock does not go down to the $58 Strike Price he will not put it to me because he would be better off selling his stock on the open market. For him to have the right to put his stock to me he paid me $170. If the stock goes down below $58 and he sells me his stock I will own 200 shares and keep his $170.
Sell to Open 2 PLTR 11/22/24 $58.00 P @ 85¢ (+$170)
Walmart
I own 325 shares of Walmart (WMT) and the stock made me about 230% in the last few years. I love this stock for a long term hold. I did place an order to sell an option against these shares but it didn’t get filled yet, and I don’t care if it does. I’ll be very happy holding the shares forever. With a great earnings report the stock is up over $3 today. I’ll let you know if I get filled to make this a Covered Call.
Buy 100 Shares WMT @ $87.60
Palantir
When doing a Covered Call I always buy the stock and sell the Call with two separate trades. I normally buy the stock first then sell the Call. Today I sold the Call first because the stock was moving down. It turned out as soon as I was filled with selling the Call the stock started moving up and I was never filled on the order to buy the 200 shares. I’m still waiting! At the moment this is a Naked Call. I’ll let you know if I get filled.
Sell to Open 2 PLTR 11/22/24 $61.00 C @ $1.85 (+$370)
As you can see it was a busy day. I’m gonna get back to work.
Successful trading,
Steve
The Options Coach