Month: June 2016

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 […]

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 […]

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 […]

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 […]

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 […]

Good morning Main Street beats Wall Street readers. I hope everyone had a great Father’s Day! This morning Deutsche Bank upgraded YELP from a hold to a buy. The stock is up almost 5%. While Deutsche Bank and others have a buy rating there are still many brokerages that have a rating of hold or […]

I have a YELP Naked Call expiring today. This Call has a Strike Price of $26. With the  stock well above the Strike Price, at the close I just did a Roll Out. This is the second Roll Out I did in this active position. There are 5 trades involved in this active position so […]

On 5/6/16 I bought 5000 shares of U.S. Steel (X). I have also been selling Calls on the shares. Right now I have 2 Calls still active. Each one was for 50 contracts (5000). Since I only owned 5000 shares, one set of Calls was covered and the other was Naked. I just sold the […]

Hello “Main Street beats Wall Street” readers. I landed at Newark Airport at 1pm. Right now it’s 3:30 and I’m back to work. My son picked us up at the airport. I hung out with him for a little while; he had to run because he was going to the Mets game with his firehouse […]

I must say, this has been one hell of a trip! We just arrived in Rome to get our return flight home in the morning. The people, the food and the sights have all made for a once in a life time trip. I’ve been here before and I’ve been to many places around the […]