We finished the week lookin good and took some additional trades.
What exactly did we do? We traded options, we sold Puts on these stocks and a few others. Once we put in a trade and collect the premium we then initiate a trade to buy them back at 90% or let them expire at the end of the week.
- HAL 8/26 $27 PUT for $0.24
- Sold on Monday, Bought back on Tuesday for $0.02
- MT 8/26 $22 PUT for $0.22
- Sold additional Puts on Wednesday, Contracts expired on Friday.
- SU 8/26 $31 PUT for $0.32
- Sold on Monday, Bought back on Tuesday for $0.05
- TSLA 8/26 $860 PUT for $20.60
- Expired on Friday. Stock split this week adjusted contract price was $286.67
With the markets taking a dip at the end of the week we sold additional Put contracts on Macys which also expired Friday. We also sold Put contracts for next week on TSLA, GOLD, GOOGL.
Why do we buy the contracts back @ 90% gains? In this instance it allowed us to take our profits off the table in 1 day for a couple cases. This also frees up buying power to get into additional trades if available and this week they were. This allows us to make additional profit sometimes multiple times in a week.
After buying back contracts, minus fees and commissions, this allowed us to bring in about $5930.39 Not bad, that is double my old salary with just a little effort. Minus the all day meetings, travel, flights, hotels, employee reviews, career path discussions, office politics, travel to and from work, clean desk policy, discussions about your expense report(Why did u buy that on the company card?), vacation scheduling, that one person you just don’t get along with haha.
Don’t take my word for it, you can have someone demonstrate the software (Rockwell Trading) that helps me accomplish my goals or go on YouTube and watch videos of Markus/Rockwell Trading in action. You can take the time and try to teach yourself a new path or follow some experts. Either way this software is one important piece that has helped to change my life for the better.
Demo Rockwell Trading
This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.