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I was watching RH very closely and it was moving horizontally, bouncing off the 50 day moving average to it’s north. It pierced the 50 day MA and it looked like it was going to move up so I bought 500 shares to cover my 5 contract Call. I feel better now so I don’t […]

RH shot up to $105. I just sold a 5 contract 1/26/18 $105 Call. I felt the stock was going to go down because it hit the $105 resistance so I sold this Call naked. I will watch closely to see if and when I should cover this Call. This is crazy but when I […]

Yesterday I bought 1000 shares of RH at $99.90 and sold a 10 contract $104 Call. Also yesterday, RH went all the way up to $105. When it started to drop back I took a calculated risk and sold my 1000 shares at $104.32. I did lock in a $4.42 per share profit on the […]

Man! What a busy day! About an hour ago I bought 1000 shares of Square (SQ) at $44.65. I didn’t write a post at that time because when I bought stock I also put in an order to sell a $45 Call for $1.05. I felt the stock was going up but it took a […]

I’ve been watching RH a long time, every day! Many days I feel like I know how it’s gonna move. That comes with being familiar with a stock. Today I bought 1000 shares of RH at $99.90. I also sold a 10 contract $104 Call. The stock went all the way up to $105; $1 […]

U.S. Steel (X) was upgraded today by Citibank from sell to neutral. I’m not looking to own X right now but I thought it was a good opportunity for a “Buy-Write” with the Call being very close to an At-the-money Call. I bought 1000 shares at $39.37 and sold 10 contracts of the X 1/26/18 […]

Just a little while ago, with RH at $99.90, I sold a 10 contract $99.50 Put for a premium of $2.50 for $2500. When I posted the trade, RH started moving up. I mentioned in that post that I was looking to get out of the position if I could make $1000 today. I did […]

This past Friday I was assigned on 2500 shares of RH as a result of the stock closing above my Strike Price. It ended up being one of my most profitable weeks ever. Today, I started the week looking to get back into RH. Back on 12/11/17 I bought 1000 shares of RH at $102.78. […]

Hi Main Street beats Wall Street readers. In my recent post I’ve been mentioning my Gift Account. My Gift Account is an account I spun off of my trading account to store smaller amounts of stock. This stored stock I will keep to give to younger family members as gifts. All the stock in this […]

This is the start of the 3rd year of Main Street beats Wall Street. And for the 1st few weeks of a year, 2018 is the least amount of trades I’ve made to start off a new year. The 1st week I made 1 trade which was selling 3000 shares of U.S. Steel (X) I […]