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Trade for the week of 11/03/2023
#1 · 30 October 2023, 12:09 pm
This week's trade is going to be different. We let ourselves get assigned last week, and now we own 100 shares of WW. These things happen, and we wanted to show you that we can still make money.
Just for a refresher, we bought WW for $8.50.
Therefore, any strike above $8.50 works for us. Here is what we are doing:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
| WW | Call | 11/03/2023 | 1 | $ 9.00 | $ 0.20 | $ 20.00 | 222% |
Total cash flow so far: $104
And our expected yield for the year: 28%
Notice that our expected yield percentage jumped, this doesn't always work out, but we got lucky this time.
Didn't do a PUT last week with us? Here is our pick for this week:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
| RIOT | Put | 11/03/2023 | 1 | $ 8.50 | $ 0.07 | $ 7.00 | 82% |
