Author: The Options Coach

I bought 1000 shares of Facebook (FB) back on May 11th for $119.90. It was about a week after they reported earnings and the stock was moving nicely. As soon as I bought the stock it peaked and came down a bit. On June 27th it was down to $108. This worried me a little […]

This is going to be a slow week. Most of the stocks I follow closely are reporting earnings this week so I’ll stay away. I don’t like to get into positions with stock with news imminent. U.S. Steel, AK Steel, Facebook and GoPro all reporting this week. YELP doesn’t report until the first week in […]

I had a very busy and very successful week. This weekly report might get a little lengthly but I must stick to my format and report & critique all my trades. This is the only way you’ll learn. This week I had many trades come to an end. All the trades involved U.S.Steel (X), GoPro […]

I put in an order to do a Buy-Write with U.S. Steel (X) and it was just executed. If you hit the link you will go to my page called Covered Calls. Buy-Write is covered in this section half way down the page. The stock was at $20.43. I put in the order to buy […]

I bought 10,000 shares of U.S. Steel 20 minutes ago at $19.75. The stock is down today so, as I said in my post 15 minutes ago, I wanted to take advantage of the lower price. I was up in the air about keeping it to keep my 100 contracts covered or if I get […]

As I did yesterday I just bought 10,000 shares of U.S. Steel (X). Yesterday I bought 10,000 shares at $20.65 and sold 10 minutes later for $20.77 for a $1200 profit. Today I bought for $19.75. The stock is down so I grabbed the shares again. I don’t know if I’ll hold to cover my […]

Hi All, I hope all you Main Street beats Wall Street readers are enjoying my site. I am writing because I just finished a new page. The page is located in the Educational section in the sidebar. The page is called Margin Account. When you open an account to start trading, it’s very to understand […]

I reported a trade about 5 minutes and I’m already out. As I said in that trade notification, It’s possible I’ll get in and out of this position as the stock moves. Well I bought 10,000 shares of U.S. Steel at $20.65 and I just sold the entire position at $20.77. I was it the […]

With U.S. Steel down a little over a dollar today I bought 10,000 shares at $20.65. If you look at my Active Trades you will see I have a 100 contract Naked Call LEAP sold on U.S. Steel. With the stock down a bit I covered that Call. Whether I keep the shares until expiration […]

Good morning Main Street beats Wall Street readers. I hope you all had a great weekend. It’s 10:00am Monday morning and I’m back to work. On this past Thursday, July 14th I sold 50 Naked contracts of AK Steel (AKS). Please hit the link and read this very short post. The post is 50 AK […]