Author: The Options Coach

Good morning Main Street beats Wall Street readers. I hope everyone had a great Father’s Day! This morning Deutsche Bank upgraded YELP from a hold to a buy. The stock is up almost 5%. While Deutsche Bank and others have a buy rating there are still many brokerages that have a rating of hold or […]

I have a YELP Naked Call expiring today. This Call has a Strike Price of $26. With the  stock well above the Strike Price, at the close I just did a Roll Out. This is the second Roll Out I did in this active position. There are 5 trades involved in this active position so […]

On 5/6/16 I bought 5000 shares of U.S. Steel (X). I have also been selling Calls on the shares. Right now I have 2 Calls still active. Each one was for 50 contracts (5000). Since I only owned 5000 shares, one set of Calls was covered and the other was Naked. I just sold the […]

Hello “Main Street beats Wall Street” readers. I landed at Newark Airport at 1pm. Right now it’s 3:30 and I’m back to work. My son picked us up at the airport. I hung out with him for a little while; he had to run because he was going to the Mets game with his firehouse […]

I must say, this has been one hell of a trip! We just arrived in Rome to get our return flight home in the morning. The people, the food and the sights have all made for a once in a life time trip. I’ve been here before and I’ve been to many places around the […]

The market is about to close and I have dinner reservations. It’s close to 4 in New York but it’s coming up on 9 here in Italy. I sold a Call on U.S. Steel earlier in the week and I just did a Roll Out. Later today or tomorrow I’ll explain exactly what I did […]

Right now it’s 11:15 in Italy and it’s 5:15 in NYC. The market closed a little while ago but before I went out to dinner I put in an order to sell an option. I just got home and I see I was executed on my Call. I sold 50 contracts of the U.S. Steel […]

After 4 Days in Rome I’m writing from beautiful Positano on the Amalfi Coast. I’m on vacation so I’m not trading much. I did have one option expire this past Friday. I own 1000 shares of Facebook and I had 10 contracts of the $120 Calls sold against the shares. The stock never hit the […]

The market just opened in the U.S. but it’s 3:50pm here in Rome. I have 1000 shares of FB with a $120 Call on them to expire today at the close. The stock is hanging in the $118.50 area so I don’t think I’ll get assigned today. I just sold 10 more contracts of the […]

Good morning America! Right now it’s 2:30pm in Italy and you have an hour before the market opens. It’s a little difficult for me do do much at the open because it’s 3:30pm here. This is the time for my first glass of wine along with my ball of flora di latte mozzarella. Today Irene […]