Author: The Options Coach

Yesterday I sold 10 Naked contracts of RH Calls, you can read this trade at Sold 10 Call on RH. When I made that trade I placed a “Stop Limit” order to buy the shares. When I sold the Call the stock was at $51.05 and my Strike Price was $51.50. I put the “Stop […]

RH (Restoration Hardware) has been running crazy lately and has been up over $2.50 today. I just sold 10 contracts of the 5/5/17 $51.50 Calls for 50¢ ($500). Along with the sale of the Naked Calls I put an order in place to buy the 1000 shares if the stock gets up to $51.30. If […]

As you know I’m down in Fla. I’m just about to hop on my motorcycle and I sold a Call to start the week. I sold 30 contracts of the Micron (MU) 5/5/17 $28 Calls. I received a premium of 40¢ for $1200. When I sold the call the stock was right at the Strike […]

Hi Readers, I will not be near the market for a week. Or on Main Street beats Wall Street. I’m leaving this morning for my yearly motorcycle trip to the Keys. This morning I’m flying out of Newark Airport to Ft Lauderdale. I had a home there for many years. I have one of my […]

If you read my Results Week Ending 4/21/17 I mentioned I had to leave my desk early on Friday because of an appointment. Also, if you read my post Bought 2000 shares Micron you will see I put in an order to sell 20 contracts of Micron Covered Calls with a 50¢ premium on the […]

As you probably noticed my trades have been very limited the last few weeks. A few of my positions are moving against me and I’m patiently waiting for them to get to the point where I can make a trade without putting them at risk. For example, my U.S. Steel (X) and AK Steel (AKS) […]

I bought 2000 shares of Micron (MU). This week I tried to sell 20 Naked contracts of the MU 4/21/17 $27.50 Calls. I was only executed on 8 of the 20 contracts. Today is Expiration Day for that Call. The stock is hanging around the Strike Price of $27.50. With the Call expiring today I […]

Yelp (YELP) has not been moving great lately. I hope I get a few more days of it moving “not so great” because I just sold a 20 contract Naked Call. With the stock at $31.80 I sold 20 YELP 4/21/17 $32.50 for a premium of 35¢ ($700). This is a Naked Call so the […]

Today is Good Friday and the markets are closed. I will not be near my computer for the rest of the holy weekend so I wanted to get this week ending report done before I go away for Easter. I had one trade come to a conclusion this week and this trade carries a very […]

A few hours ago, a little after the opening, I put in an order to sell 20 contracts of the Micron (MU) 4/21/17 $27.50 Calls. I put in the order for a premium of 35¢. About an hour ago I was executed on 8 contracts and I’m still waiting to get executed on the other […]