User
Write something
Trade I'm in today.
MSTX I bought 900 shares at 7.38 Sold 9 CC (covered calls) at 8.5 strike. Made $45/contract Expiration date July 10th (10 days away). I made $404 from $6,643 total in trade. That's 6% return from the option premium. I plan to hold these till expiration. When we sell options and take them till expiration, the premium is 100% guaranteed. What the price of the stock does after is not a guarantee. So if MSTX is at or above $8.5/share by next Friday I will $1,007 plus $404 premium which is 21.2% return. This is best case scenario. The share price can drop a fair amount but I am ok with my buy in price. I also pulled $150 out from the last trade into my bank account and I'm pull 25% of the premium out too. I have $1,250 more in the market and pulled out $250.
1
0
I sold puts and CC's this week on SOUN
Last week I sold my shares of SOUN @ $8.5 covered calls was assigned. SOUN, my price targets are still 12-17 . I bought back in with 1500 shares @ 9.16 and sold 9.5 CC this week. I made $375 premium from the 15 sold calls and what happens, happens. If I end up selling the shares, I'll make an additional $510 on top of the option premium for price appreciation from 9.16 average to 9.5. Secondly I sold 5-8.5 strike puts to get in lower if price drops, made $110 premium for those. I am letting the week play out. If I buy or sell from the options that is fine. Minimum profit is $485 from options premium and maximum profit $995 for this week. SOUN above 9.5 by close Friday I realize max profit, if below 8.5 close on Friday I'll buy 500 more shares lowering my average. No matter what happens I will make $485 from $17,990 in collateral. That is 2.7% on for the week! If best case happens that will be 5.5% on the week! Investing JustJoey Style
BMNR LEAPS look good to me
15 strike June 2028 expiration about $900 each breakeven is 24 this is a hold contract for BMNR to reach back into the 30 and 40+ range. Will take some time but should be worth it.
2
0
XRP trade idea
XXRP is a 2x leverage product and XRP is a great asset that is in a very attractive buy zone. This thing can create a large return multiple of what you put in. There is going to be A LOT of volatility with this for sure. This trade can take up to 24 months to work out but I'm looking for a price target between 10-30 dollars/share current price is $3. Shares only no options. Do you research on crypto and what XRP is.
3
0
1-13 of 13
powered by
Investing JustJoey style
skool.com/finance-justjoey-style-7800
Financial education on budgeting, credit, stock and crypto investing. Learn simple strategies for building wealth and improving your financial life.
Build your own community
Bring people together around your passion and get paid.
Powered by