Author: The Options Coach

A little while ago I reported that I bought 5000 shares of yelp to cover a 50 contract Call. I did buy 5000 shares but I only sold 30 Contract on Friday not 50 contracts.   Sorry for the mistake and the extra email!   Steve The Options Coach

This past Friday I sold 30 contracts of the Yelp 8/29/16 $39 Calls. The stock was down a little this morning so I just bought 5000 shares at $38.38 to cover my Call. When I sold the Call it was a Naked Call so I gave the trade a Risk Factor of 5, but with […]

I’m awake early this Saturday morning! I figured let me get my “Week Ending Results” report written because I have a busy weekend ahead of me. I can see I’m getting a lot of hits on the site and we have a few new people who signed up to receive my post via email. I […]

As a reminder, I have a Covered Call on Yelp (YELP) expiring today. I own 5000 shares at $37.80 and I have 50 contracts of the $38 Calls. As I write YELP is at $38.50 and is up $.80 on a down day. It looks to me like today the stock will close above my […]

While I was writing my last post, a few minutes ago, selling a Put on GPRO, I was executed on a 50 contract Call on Yelp (YELP). Yesterday I bought 5000 shares of YELP at $37.80. Today I just sold a Call against those shares. I sold 50 contracts of the $38 Call expiring this […]

If you follow my “Active Positions” you know I have a 50 contract Call sold on GPRO expiring in January. Yesterday I sold my 5000 shares of GoPro (GPRO). While I locked in a nice profit of $3300, it also put me in a situation where I was Naked on the 50 contract Call. I […]

I bought 2000 shares of GPRO way back on 1/5/16 and bought another 3000 shares on 7/15/16 for a total of 5000 shares at an average price of $15.09. The stock has been on a huge run lately and today it had a 10% day. The stock went as high as $16.25 and started pulling […]

Yelp has been on a roll lately! It just dropped down to $37.80 and I bought 5000 shares. The stock can have a little pullback but I’m going to try to get a $38 Call sold for a premium of $.80. However, If the stock moves up $.20 I might jump out with a quick […]

This was another great week! I love having a week where I put over 10 grand in my mattress, dealing with only one stock! That’s what I did this week. I only had positions expiring with Yelp (YELP). If you look at my “Trade History” or “Active Trades/Current Positions” you will see I sold a […]

There’s nothing wrong with approaching options trading as a pastime in which you take large risks by focusing on buying cheap Out-of-the-Money calls in hopes of hitting a big payday. As long as you have money to burn! You can have your own private Las Vegas right in your home. However, being sucked in by […]