Month: February 2016

On Friday February 26th I sold 10 contracts of the $101 Calls for $1. Today NFLX is down and the premium went down to $.25. The Call on Friday I sold for $1000 and today I bought back to close out the option for $250. This was a 1 day deal for a profit of […]

I’m Sorry for the delay with my week ending report. I had a very busy weekend! Besides spending a beautiful, full day Sunday with the family, I spent some of the weekend getting this badass machine ready for Daytona Bike Week. I will be leaving tomorrow morning and I’ll be back home at my desk […]

About 3 hours ago I sold 15 contracts of the Facebook (FB) $111.00 Calls. At the opening FB was up over 109 and I sold the 1 week Call to bring in $1 on 1500 shares. The total premium was $1500. FB dropped back a little and the $1 premium came down to $.45. Since […]

Today when the market opened oil was up a little over a dollar and the Gross Domestic Product (GDP) report beat  analysts expectations. Gross Domestic Product is the broadest quantitative measure of a nation’s total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over […]

Netflix (NFLX) continues to move multiple points in the same day. Yesterday NFLX was up to 93 and down to 88. When it was up around 92 I sold 10 contracts of the $95 Call expiring this Friday. As you know when selling Call Options you have Time Decay on your side. If the value […]

The market has been moving pretty well the last week or so. Oil is up and it looks like we’re in a little rally. I’m not sure if I trust it but NFLX is up $2.60 right now so I just sold 10 contracts to take advantage of the higher premium. I really don’t want […]

In hopes of a market recovery I just bought 500 shares of FB to up my position to 1500 shares. I got in at $100.50. Here’s the order: Buy 500 shares FB @ $100.50 Come on FANG! Let’s Go!   Steve The Options Coach

We have a little over an hour before the opening and the futures point to a strong start to the market. Right now the Dow futures are at +115, Nasdaq +42 and the S&P +15. Oil is up and gold is down. This all points to an up day; at least a strong opening. If […]

I am making this post as my week ending post because this week I didn’t make any trades in my normal fashion, but I did make a bunch of Day Trades. Day trading is specifically buying and selling stocks and options within the same trading day.  Strictly, day trading is trading only within a day, such […]

While I wait patiently for the market to hit a bottom to continue trading, I added another page to Main Street beats Wall Street. This page is for beginners. I call it Grasshopper. It’s located in the main menu bar. I included the new page below. The market is taking another beating today. The futures […]