Author: The Options Coach

A little while ago I posted that I bought 2000 shares of RH at $75.08. Well, I decided to take a $1 premium for a 20 contract $76.50 Call expiring this Friday. This is a Covered Call so the trade gets a Risk Factor 1. Sell to Open 20 RH 10/13/17 $76.50 C @ $1.00 […]

I had 2000 shares of RH until I was assigned this past Friday as the result of an option I sold closing In-the-Money. Yesterday the market was open for the holiday but I wasn’t near my computer, I took the day off. In a very low volume trading day RH was down big. Today the […]

Hi Readers, I just added a new section in the main menu bar of Main Street beats Wall Street. If you hover your cursor over “Precious Metals & Real Money News” a drop down box will open. So far the section has 2 pages:  “Contributing Writer III” and “An Overview to the Precious Metals Markets.” […]

September, traditionally the weakest month for the stock market. Balderdash! Not on the Trump Train! Speaking of the Trump Train, is this market moving so well because the fundamentals are so much better than last year and The Donald’s choo-choo is fictitious, or are we on a legit freight train powered by Trump optimism? Unemployment […]

I was just executed on a 2 day “Buy-Write” with RH. I bought 1000 Shares at $75.90 and sold 10 contracts of the RH 10/6/17 $76 Call receiving a $1 premium ($1000). This trade is a 2 day Covered Call so I give it a Risk Factor 1.   Buy 1000 Shares RH @ $75.90 […]

I owned 2000 shares of RH the last few weeks and I’ve been bringing in some nice premiums. This Monday I sold a 20 contract $73.50 Call against these shares. Today the stock was up big to $77. I felt the stock was gonna start pulling back so I sold half of my stock position […]

I just heard a story on the airlines companies on the “Half Time Report” on CNBC. One of my favorite shows. And my favorite segment is when the Najarian Brothers talk about unusual Activity. They cover stocks that have an unusual amount of options being bought. Today Jon was covering Jetblue (JBLU). He reported that […]

After getting out of my Micron (MU) LEAP option and than selling the shares, I’m back in. I felt it might pull back a little, which it did go down to $39.36, so I decided to go back in. I just heard a report of a lot of unusual option activity and the stock moved […]

Last week I sold a 20 contract Call on 2000 shares of RH I own. For that Call I received a $1.00 premium. The stock went down and the premium went down to 40¢. And when it did, I did a “Buy to Close.” I sold for a $2000 premium and I closed the deal […]

On 9/11/17 I bought 1000 shares of Micron (MU) at $32.85. A week later, with the stock at $35.70 I sold a 10 contract $40 Call Option to expire on 1/19/18 which is consider a LEAP option (long term option). Since I entered this long term Covered Call the stock continued moving up. When I […]