Author: The Options Coach

The Tech sector has been on a huge run since May. Micron (MU) is one of those stocks. And the company also received an upgrade today by Barclays. They put a rating of “overweight” and raised there price target from $19 to $23. MU has been on my watch list for years but I haven’t […]

I really like the way the market has been moving lately. And it seem to be moving in my favor quite often. I had another week of bringing in some nice money. It wasn’t as much as the last few week but they were crazy good weeks. However, I still brought in more than $7000. […]

While doing my trading, along with my computer, I have my TV on. I’m tuned into one of the financial stations; either Bloomberg or CNBC. Both last week and yesterday, the CEO of Wells Fargo, John Stumpf has been getting grilled by the lawmakers of congress, in full view on TV, because of the recent […]

15 minutes before the close I was executed on a 50 contract Buy-Write. This is a 3 day deal that falls under my “1 Week/1%” strategy. I did an At-the-Money Buy-Write with the stock at $16. I was executed buying 5000 shares of Potash (POT) at $16 along with being executed selling 50 contracts of […]

After getting out of a 10 contract Covered Call on Yelp I had one 10 Contract Covered Call remaining. With the remaining Covered Call I bought the 1000 shares at $39.35. Yelp is up 1.76 (4.7%). After looking at the candlestick chart I feel Yelp will pull back a little in the next few days. […]

A few minutes ago Gpro dipped below $16. I have a $16 Call on GPRO expiring this Friday. I put in a buy order to buy the stock at $15.90 and I was executed. This makes me very happy! I sold all me stock with a nice profit last week but I left myself Naked […]

Today While I was watching my active positions I saw a nice opportunity to exit a 10 contract Covered Call on YELP. I had two 10 contract Covered Calls going and I exited one. One is still active. The one I exited went as follows. I Sold the 10 contract Call on 9/9/16 and I […]

Last week was a crazy week for a few reasons. #1, it was the largest amount of money I ever put in my mattress in a week ending result, $21,100. #2, while stuffing my mattress with this amount of money I put myself in a very precarious situation. With Gopro (GRPO) at a high price, […]

This weeks ending results can be very deceiving! I had one of my biggest week as a trader, as far as closing trades and cashing in the winnings, BUT! While I was putting money in my mattress I have put myself in an extremely high risk situation. Yesterday (Thursday) I sold 10,000 shares of GPRO […]

Earlier I put a Stop Loss on 10,000 shares of GPRO. I hope I did the right thing because I’m very nervous about this market. Many  “professionals” are talking about a big correction. With GPRO up $1.25 today and in the $16.25 area I decided to put a Stop Loss order on 10,000 shares. 5000 […]