Author: The Options Coach

I might be driving you nuts with emails but there’s a lot going on and I must report my moves. But I’ll be quick. AMD has been hanging around the $32.75 area for a while. I have a $33 Call expiring tomorrow, the 2nd leg of my Triple Play Hedge. Earlier I sold the shares […]

I just sold my 35 contracts of Advanced Micro Devices (AMD) Puts with a nice 1 day profit. Yesterday I bought 35 contracts of AMD Puts. AMD has been a very hot stock so a lot of people may have thought I was nuts. Now that AMD is moving in the direction I predicted many […]

I just bought 35 Puts on Advanced Micro Devices (AMD) which is a long Put Position. Looking at the AMD candlestick chart, I see a very good stock on a big run ready for a short term pullback. Many would say this is a ballsey move but I have to go with what I see. […]

Square (SQ) have been on a tear lately. But last Friday I noticed a reversal pattern on the candlestick chart. Take a look at the post reporting this reversal and me buying the Puts at Bought Put Position with Square. Normally when I see a stock I feel is gonna go down I’ll sell a […]

This morning I got out of my Micron (MU) Naked Calls and I bought more Netflix (NFLX) LEAPS. Micron has been on a crazy run for a few weeks. Yesterday it looked like it was hitting resistance at $45. And to me it looked like there would be some profit taking. With the stock at […]

I just sold 10 Micron (MU) Naked Calls. Micron has been on a run lately. It moved from a support level of $32.14 on June 17th up to $45.27 earlier today. This is the highest it’s been since early Oct 2018. Today’s candle in the candlestick chart looks like it’s the start of a reversal […]

Last Thursday, July 11th, I sold 100 shares of PayPal (PYPL). In the post reporting that sale I said I’d be back in PYPL very soon. Well I just jumped back in with a LEAP option. On 8/23/17, almost 2 years ago I bought 100 shares of PYPL at $60 per shares. On 7/11/19 I […]

This week was a great week! I feel like I’m getting back into trading full swing. I sold 1 long term position which locked in some nice money. In addition, closed 3 other short term position. The long term position was with PayPal (PYPL). Way back on 8/23/17 I bought 100 shares of the stock […]

This might be the 1st Put position I bought since the inception of Main Street beats Walls Street. I’ve been trading options for close to 30 years now, and I don’t know if I ever bought a Put before. Crazy! Well , there’s a first time for everything. Now that I’m not coaching basketball I’m […]

I just jumped out of my Netflix (NFLX) LEAP option. I bought this 3 contract option on 6/27/19 and it was not due to expire until 6/19/20. I was only in for 2 weeks but I sold my option with a $1200 profit. LEAP Options are long term and most of the time you hold […]