LUG NUT HOLDER AND METHOD OF USE

An apparatus and method for holding a lug nut. The apparatus includes a base (), a barrel (), a lug nut engagement assembly (), a plunger and a cam guide (). The barrel () is coupled with the base () in a manner allowing the barrel () to move upwardly or downwardly within the base (). The barrel () has an internal cam track portion (). The lug nut engagement assembly () includes retractable fingers (). The lug nut engagement assembly () is removeably affixed to the barrel (). The plunger () is disposed within a portion of the lug nut engagement assembly (), the barrel () and the cam guide (). The plunger () has a tip for engagement with the retractable fingers (). The cam guide () is disposed and moveable within a bottom portion of the barrel (). The cam guide () has longitudinal rails () for engagement with the internal cam track () of the barrel ().