On May 19th I sold 50 contracts of U.S. Steel $15 Calls expiring July 15th. X has been running lately and I was getting worried on Expiration Day the stock was going to be $2 or $3 In-the-Money, which would leave me in a tough situation since it’s a Naked Call. Well, today with the […]
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Results Week Ending 6/24/16
This was a pretty good week for me, considering the week ended with the UK leaving the EU. On Thursday every professional was advising to stay fully invested with long positions because they were so sure the Brits were going to vote to remain in the European Union. Well, Wall Street can be beat! I […]
Buy More Yelp
We have a few minutes before the close and I was looking for a stock that has been moving very well lately. I’m looking to take advantage of some good prices but I want a stock that’s on a roll but down today only because of the Brexit news. The stock I picked, which has […]
Covered YELP Calls
I Just bought 1000 shares of YELP at $28.40 to cover my Call. I really don’t want to own stock but I have a YELP $28.50 Call expiring today and the stock has been moving well with a few upgrades this week. I hope YELP closes above my Strike Price of $28.50 so I get […]
Covered my 50 Contracts of X
As you might know I am deeply involved in U.S. Steel (X). On June 6th I sold 50 contracts of the X $16.50 Calls and brought in a premium of $1150. After I sold this Call, all kinds of news has been coming out on the world steel suppliers, mainly involving the U.S and China. […]
Brexit!
Brexit! Is this a word? What does this word mean? It’s a word made up of two other words, British and Exit. Something like J-Lo, which stands for Jennifer Lopez. Brexit is a word made up which is short for the British exit or withdrawal from the European Union (EU). Brexit is a political goal […]
Out of SCTY
Earlier I sold a Naked Call on SCTY that went against what I normally do or my strategy. The stock had a big jump this morning on the news that Elon Musk wanted to buy the company. I do have a lot of respect for Musk but I didn’t like the way this looked. The […]
Solarcity Calls
Did you see the news Elon Musk announced last night? Musk the CEO of Tesla Motors put in a offer to buy Solarcity (SCTY). Solarcity is a struggling solar company that installs solar panels on buildings for clean energy. Musk feel this is a perfect match for his struggling company but many analysts disagree. I […]
Results Week Ending 6/17/16
I normally get my week ending results report out over the weekend but this weekend I didn’t get it done. This weekend was my son’s birthday and Father’s Day. I’m also trying to get caught up after my trip. OK enough of the excuses, let’s get to my week ending report. This week I had […]
Sell More GoPro Calls
To me it looks like GoPro (GPRO) could be hitting resistance with the stock at $11.12. I just sold 50 contracts of the GPRO 6/24/16 $11.50 Naked Calls. I brought is a $.17 ($850) premium. This Call fits into my strategy I call “1Week/1%.” Being a Main Street beats Wall Street reader you know I […]