Category: Uncategorized

Earlier in the week I sold Calls against my 10,000 shares of U.S. Steel (X). I sold (2) 50 contract Calls when the stock was up a bit. The stock didn’t stay up at the price where I sold the Calls and I was able to “Buy to Close” both Calls locking in some nice […]

A few minutes ago I reported that I sold 1 of my 50 contract Calls on U.S. Steel. Well, I just bought back my 2nd Call with another “Buy to Close.” Yesterday I sold the Call for a 40¢ premium for a total of $2000. I just bought that Call back for 10¢. After bringing […]

A few hours ago I sold a 50 contract Call on U.S. Steel. I brought in a premium of 20¢ for $1000. The stock has been coming down for most of the day and I just had an opportunity to buy my way out of that Call for 5¢ ($250) so I did. I sold […]

I own 10,000 shares of U.S. Steel. Yesterday I sold 50 contracts of the $36 Calls and today I just sold another 50 contracts, only today I sold the $37 Calls. I now have 100 contracts of U.S. Steel Covered Calls. Both 50 contracts will expire this Friday 2/10. Yesterday’s Call I received a premium […]

Today the market opened flat but U.S. Steel (X) opened up. This morning X also received another upgrade by Argus. They changed their rating from a “Hold” to a “Buy.” I do like X right now but I still want out of half of my position. I would like to cut my 10,000 shares down […]

An indicator based on the belief that a Super Bowl win for a team from the American Football Conference (AFC) foretells a decline in the stock market for the coming year, and a win for a team from the National Football Conference (NFC), or the old National Football League (NFL) before the merger of NFL […]

Today is Super Bowl Sunday! I figured, let me get my weekly report done before I start my festivities. I only made one trade this week while I’m trying to get out of half of my U.S. Steel position. If you’ve been reading you know I own 10,000 shares and I’m trying to get that […]

U.S. Steel had an unbelievable day! Up $3.47! I did not make a trade this week because U.S.Steel (X) was down most of the week and I have so much riding on this holding. If you keep up with “Main Street beats Wall Street” you know I own 10,000 shares of the stock, my only […]

Monday morning was not a good start to the week. The market was down and my 2 holdings were also down. I’m holding 10,000 shares of U.S. Steel which I carried over from 2016 and I also have 3000 shares of Micron which I bought on 1/4/17. Since the beginning of the year I’ve been […]

Many of the Executive Orders the new President trump is signing can greatly affect the markets. With this in mind I added a new term into my section “Term of the Day.” The term is NAFTA. President Trump signed an Executive Order ending the North American Free Trade Agreement which will greatly change the trading […]