Results Week Ending 12/13/24
Check out this weeks trades. It was another good week of short term nickel and dime trades that added up to a great week.
Tesla
You can see from this trade that I like to take profits. I held this position for one day even though my Expiration Date wasn’t until January 10th. It turns out that if I held for a few more days I would have made a lot more money but you don’t know that ahead of time. When I sold I was happy with a $1000 profit in one day.
I now hold two more Calls with the Strike Price of $425. I might hold these a few more days than this one lol.
12/9/24 – Buy to Open 1 TSLA 1/10/25 $380.00 C @ $29.50
12/10/24 – Sell to Close 1 TSLA 1/10/25 $380.00 C @ $39.50
Profit $1000
Tesla
Another Tesla Call I held for only one day. Again, I would have made a lot more money if I held longer. No problem!
12/9/24 – Buy to Open 1 TSLA 1/10/25 $395.00 C @ $31.00
12/10/24 – Sell to Close 1 TSLA 1/10/25 $395.00 C @ $36.00
Profit +$500
Meta Platforms
Most people know by now that Meta is formerly known as Facebook. This company has some of the best fundamentals of the mega caps, maybe the best. By all financial analysis firms Meta has an “A” rating. Go figure why I bought an option on Oct 7th and sold on Dec 11th and only made $100, and I’m lucky to have done that! Please look at the daily candlestick chart for the stock. Meta was moving up strong into my buy date of Oct 7th. The day I bought the 1 contract option the stock reversed and started trending down. By Nov 20th my $4300 investment was down to $800 and I had a $3500 loss on paper. Look at the candlestick of Nov 20th, it’s a reversal candlestick and a few days later the stock started moving up. The problem was I was down $3500 and only three more weeks until expiration. Look at the move the stock made from Nov 26th to my sell date of Dec 11th. Almost straight up! The stock fought back, my $3500 loss disintegrated and I had a $100 gain. I sold the position on Nov 11th. On the 12th there was another reversal candlestick and the 13th, yesterday, the stock was down $10. I’m very happy I sold when I did.
I’ll be watching Meta closely and I’ll be jumping back in very soon. Probably with an Expiration Date of late January or February.
10/7/24 – Buy to Open 1 META 12/20/24 $590.00 C @ $43.00
12/11/24 – Sell to Close 1 META 12/20/24 $590.00 C @ $44.00
Profit +$100
Palo Alto
Another option I held for only one day. I guess I’m a little on edge with the way the market has been moving. I was looking for a little pullback before a Santa Claus rally but it looks like this market wants to run right into 2025. I will still be careful.
12/9/24 – Buy to Open 1 PANW 1/17/25 $390.00 C @ $15.85
12/11/24 – Sell to Close 1 PANW 1/17/25 $390.00 C @ $18.85
Profit +$300
Albertsons
I bought these 400 shares of Albertsons (ACI) on Nov 19th. I have been selling Calls ever since. There was a deal on the table for Kroger (KR) to buy Albertsons but it was blocked by the courts due to competition concerns. This is why the premiums were so high with my ACI Calls. The premiums dropped down and I was not going to get assigned again so I decided to sell the stock for a small profit and watch from the sidelines and see what happens. I bought the stock at $19.33 and sold for $19.35 for an $8 gain. Hey, I didn’t lose money and the total premiums I brought in since I bought the stock is $1020. Since I bought the 400 shares of ACI it was a great string of trades.
11/19/24 – Buy 400 Shares ACI @ $19.33
12/13/24 – Sell 400 Shares ACI @ $19.35
Profit +$8
Albertsons
This is the last of my Albertsons Covered Calls. I will watch the stock to get back in if I like the premiums on the Calls.
12/6/24 – Sell to Open 4 ACI 12/13/24 $20.00 C @ 75¢ (+$300)
12/13/24 – Expired 4 ACI 12/13/24 $20.00C
Profit +$300
Quantum Computing
I don’t like owning this stock. As soon as it’s back to my buy-in price I will be selling. But it’s only 100 shares. I know this trade only gave me $50 but on a $8 stock my Return on Investment (ROI) is 6%. Don’t look at the amount of return, look at the ROI.
Going forward it might be hard to sell Calls because the stock fell to $6.70. I’ll try to get another Call sold this week.
12/4/24 – Sell to Open 1 QUBT 12/13/24 $8.00 C @ 50¢ (+$50)
12/13/24 – Expired 1 QUBT 12/13/24 $8.00 C
Profit +$50
Mara Holdings
MARA Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in the United States. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. Since this company is involved in Bitcoin I thought the stock would move more. It didn’t but I’m getting nice premiums.This premium is a ROI of 5.6%.
12/6/24 – Sell to Open 2 MARA 12/13/24 $26.50 C @ $1.50 (+$300)
12/13/24 – Expired 2 MARA 12/13/24 $26.50 C
Profit +$300
Palantir
Palantir pulled back a little this week. I got into this trade for the premium only. I bought the 200 shares at $70.30 and sold the $71 Call. I wanted the premium and I wanted to get assigned thinking the stock might take a little break. The position worked as planned. This was a two day trade. I keep the premium of $370 and I made $140 on the stock sale for a total gain of $510 for the two days. Great trade!
12/11/24 – Buy 200 Shares PLTR @ $70.30
12/13/24 – Assigned 200 Shares PLTR @ $71.00
Profit +$140
12/11/24 – Sell to Open 2 PLTR 12/13/24 $71.00 C @ $1.85 (+$370)
12/13/24 – Expired 2 PLTR 12/13/24 $71.00 C
Profit +$370
Total Weekly Gain +$3068
For you new Main Street beats Wall Street readers, I have had a few good weeks. For you long time readers, you see I’m getting back into my trading and hopefully you will see me get my trades back to the size trades of a few years ago. Slow and Steady, Steady and Slow. I feel I will be back to the good old days very soon.
Successful trading,
Steve
The Options Coach