Trades With ACI, QUBT, NVDA, IBIT & SMCI
Monday’s are normally busy for me when I.m into my trading like I am now. Cash is made available from positions that come to an end on the Friday before, which is an Expiration Day. Below are the trades I made today with the cash available.
Albertsons Companies, Inc.
Sell to Open 4 ACI 11/29/24 $20.00 C @ 50¢ (+$200)
I still own 400 shares of ACI because I was not assigned on my Covered Call last week. This trade brought in a premium of 2.5%.
Quantum Computing Inc.
Buy 100 Shares QUBT @ $8.30
Sell to Open 1 QUBT 11/29/24 $9.00 C @ $1.05 (+$105)
I bought 100 shares of Quantum Computing (QUBT) at $8.30 per share. The main reason I made this trade was for the premium. And the stock has been moving. However, the stock has been moving down since I bought today. I sold a one contract Call for a premium of 12.6%. With a crazy premium like this this will be a Risk Factor 4. The premium tells you this will be a very volatile stock. This is why I only bought 100 shares of this low priced stock.
Nvidia
Buy to Open 1 NVDA 12/27/24 $137.00 C @ $7.00
With NVDA at $137 I bought a 1 contract Call Option. The stock has been struggling since their great earning but I feel it will be on the move again soon. This position expires on Dec 27th.
ISHARES BITCOIN ETF
Buy to Open 1 IBIT 12/27/24 $54.00 C @ $4.00
This EFT seeks to reflect generally the performance of the price of bitcoin. With Bitcoin moving straight up lately I felt this was a good bet. I bought 1 contract of the IBIT 12/27/24 $54 Call for a premium of $4.
Super Micro Computer, Inc
Sell to Open 4 SMCI 11/29/24 $34.00 P @ $1.05 (+$420)
Super Micro Computer, Inc (SMCI) is another stock moving up lately. The stock is up $4.90 as I write. I decided to sell a 4 contract Put which will expire this Friday. This position gave me a premium of $420.
That might be all I will trade this short week. Tomorrow I will go to Boston for Thanksgiving. I will be watching closely!
Successful trading,
Steve
The Options Coach