Author: The Options Coach

Murphy’s Law, did you ever hear of it? Well, I think it’s such a part of option trading I included the term in my Stocks/Options Glossary. It means, what can go wrong, will go wrong! I mention many times in Main Street beats Wall Street that things will not always go your way. You will […]

U.S. Steel is really not moving good for me lately. Watching the candlestick chart and seeing the stock go up and down, I decided to sell a 1 day Call to bring is some premium. This is an X 80 contract Call with the Strike Price of $33. I received a premium of 38¢ for […]

In my “Results Week Ending 3/31/17” I reported that I put in an order to do a “Roll-out” on my Short Call I had on RH. I sold 15 contracts of RH 3/31/17 $39 C last week and RH went on a crazy run putting me in a bad situation. With the expiration of this […]

What a crazy week with RH. It’s not good when you have Short Naked Calls on a company that keeps going up. In my weekly report I’ll let you know what I’m doing, to hopefully, prevent me from losing money. U.S. Steel, AK Steel and Dick’s Sporting Goods are all below where I bought the […]

This morning I bought 1000 shares of RH at the open and right at the close I sold the shares. I bought the shares to cover a 10 contract Naked Call because the stock was moving up. At the end of the day I changed my mind about wanting the RH Call covered. The stock […]

In my last post I mentioned that I put in an order to sell 15 contracts of the RH 3/31/17 $39 Calls for a premium of 90¢ (+$1350). I was just executed on that order. This option is still $1.50 Out-of-the-Money so I’ll leave it Naked until the stock goes a bit higher. I would […]

Yesterday I sold 10 contracts of the RH 3/31/17 $37.50 Naked Calls. The stock has been very volatile so I never know when the stock is gonna move up or down. As of late the stock has been moving up. This morning at the opening I had to leave my desk for a few hours. […]

I had 3 trades come to an end this past week. 1 involved RH, 1 involved U.S. Steel and the last involved AK Steel. Let’s take a look and see how they worked out. We’ll start with RH. I sold a Naked 30 contract Call on RH and received an 80¢ premium for $2400. The […]

I reported this morning that I bought 3000 shares of RH to end a trade with the stock which involved a short position. Now that I’m out of RH I just sold another Call. I sold 10 contracts of the $37.50 Calls to expire this Friday. At the time of the sale the stock was […]

On Friday I reported that I had my broker deliver 3000 shares of RH because of my Naked Call expiring. Please read my post “RH Trade Explanation.” This morning the market is taking a big hit because of Trumps health care issues. I delivered the 3000 shares of RH at $36.50 which was my Strike […]