Category: Uncategorized

Earlier I sold 10 Naked Calls on Micron (MU). I sold the $62.50 Calls when the stock was at $60.80. I just sold more Calls. This is the confidence I have that MU will not continue up. With the stock at $61.75 I just sold 10 11/20/20 $64 Calls for a premium of 65¢ for […]

Most readers know I usually buy 1000 or 500 shares of Nvidia (NVDA) when looking to sell Calls. I decided to go with a smaller position this week because they report earning this Wednesday. I normally don’t get involved in trades involving stocks with big news imminent, but I feel NVDA will do well with […]

Today Micron is up $3 but was up $4. I’ve watched this stock for a long time so I’m making a near term directional prediction. I looked at the Relative Strength Index (RSI) and it’s through the roof. I believe, near term, the stock doesn’t go much higher. And possibly comes down a little. With […]

I only made 4 trades this week, but I like the results. Trying to coast into the end of the year. Read more…

Going into the close I was just filled on a 1 contract trade. I bought 100 shares of Zoom (ZM) at $409.50 and sold a 1 contract Call. I sold 1 ZM 11/13/20 $410 Call for a premium of $11 for $1100. Buy 100 Shares ZM @ $409.50 Sell to Open 1 ZM 11/13/20 $410.00 […]

I bought 500 shares of Nvidia (NVDA) at $527 and sold a 5 contract Covered Call. I sold 5 NVDA 11/13/20 $530 Calls for a premium of $9. This gave me a total premium of $4500. Nvidia “Buy-Write” Buy 500 Shares NVDA @ $527.00 Sell to Open 5 NVDA 11/13/20 $530.00 C @ $9.00 (+$4500) […]

Right at the close I sold 10 Nvidia (NVDA) Puts. With the stock at $545, down $37, I sold 10 contracts of the NVDA 11/13/20 $520 Puts for a premium of $3 for $3000. I was thinking of buying the stock at $540 if it got down to that point than I decided to buy […]

With Uber up $4 today, being at an all time high, and having a very high RSI of 80, I just sold a 10 contract Naked Call. I don’t see the stock going much higher. With the stock at $48.90 I sold 10 11/13/20 $51 Calls for a premium of 55¢ for $550. Sell to […]

Last week Square came out with a great earnings report and moved up sharply. Today, on the announcement of a vaccine the stock is down because square did great with stay home shoppers. This is still a very strong stock so I took advantage of the stock being down. With the stock in the $186 […]

This report is a must read. Besides being a great week, check out the comparison I made between last week and this week. Read more…