Author: The Options Coach

I’m a little late with this report. This weekend I had a birthday and I went to my daughter’s house in Pennsylvania for 3 days. I will continue the celebration today, I’m traveling to Texas to visit a few of their great cities. I’ll fly into Dallas to visit with an old FDNY friend who […]

On May 5th I bought 2000 shares of RH at $58.38. I’ve been selling Calls on these shares since I purchased them and I’ve been bringing in nice premiums for a few week now. Today, watching the stock to try and sell another Call for this week, the stock jumped up as it does most […]

As soon as I hit send on my last post which was selling a Call on RH I was executed on a “Buy-Write” on Micron (MU). I had an order in to buy 2000 shares of MU for $28.80 and sell a Covered Call for 25¢. I was executed on the entire “Buy-Write.” This trade […]

Last week I bought 2000 shares of RH at $58.37 and sold 20 contracts. Those options expired last Friday but I wasn’t assigned so I still own the 2000 shares. A few minutes ago I sold another 20 contracts of the RH 5/19/17 $58.50 Calls for a premium of $1, for a total of $2000. […]

This week ended up to be a nice one but it was a little scary on Thursday when RH opened lower on some guidance news. During the day the stock was down as much as $8. Thank God it recovered, and recovered more on Friday and closed the week with the stock a little over […]

If you read my post yesterday “RH Buy-Write,” you know I put in an order to sell 20 contracts of the RH 5/12/17 $60 Calls for a premium of $1. I was only executed on 3 of the 20 Contracts. This morning Looking at the Option Chain the premium for the $60 Calls was only […]

This morning I put in an order to buy 2000 shares of RH at $58.40 and sell 20 contracts of the 5/12/17 $60 Calls for a $1 premium. As soon as I put in the order RH dropped a few cents and I was executed on the 2000 shares at $58.37. I wanted to get […]

On Friday I sold 20 contracts of the Micron (MU) 5/12/17 $28 Calls when the stock was at $28.17. I sold this In-the-Money Naked Call because I felt MU would fall a little below my $28 Strike Price today. Well MU is down a little today and the stock fell below my Strike Price ($28) […]

This week I had 2 option trades come to a close. Both started as short Naked Calls, which means I sold the Calls, but ended up as Covered Calls. Most Main Street beats Wall Street readers know I do not buy options, I’m an options seller! The 2 stocks I was dealing with was Micron […]

I just sold 20 contracts of the Micron (MU) 5/12/17 $28 Calls for a premium of 50¢. I had a $28 Covered Call which was expiring at the close today. It was clear the stock was gonna close above my Strike Price and I would be assigned which would clear up some margin buying power. […]