Month: July 2016

I reported a trade about 5 minutes and I’m already out. As I said in that trade notification, It’s possible I’ll get in and out of this position as the stock moves. Well I bought 10,000 shares of U.S. Steel at $20.65 and I just sold the entire position at $20.77. I was it the […]

With U.S. Steel down a little over a dollar today I bought 10,000 shares at $20.65. If you look at my Active Trades you will see I have a 100 contract Naked Call LEAP sold on U.S. Steel. With the stock down a bit I covered that Call. Whether I keep the shares until expiration […]

Good morning Main Street beats Wall Street readers. I hope you all had a great weekend. It’s 10:00am Monday morning and I’m back to work. On this past Thursday, July 14th I sold 50 Naked contracts of AK Steel (AKS). Please hit the link and read this very short post. The post is 50 AK […]

This week I had two positions come to a conclusion. One with U.S. Steel (X) and the other with GoPro (GPRO). Actually the trade with X involved two trades on it’s own. Let’s continue and I’ll explain. U.S. Steel On Thursday, May 19th I sold 50 Naked contracts of the X. If you remember, nine […]

I have a lot to talk about when it comes to GoPro (GPRO). If you are a Grasshopper, maybe it’s better you don’t even read this post. It’s very confusing! Maybe it’s better to look at my Active Trades and see what I have alive. I’m sorry for the complication but I must post what […]

I’ve been watching the steel companies closely for a while now. I feel like they are hitting a little resistance in the last few days. With AK Steel (AKS) hitting a 52week high ($5.50) today then pulling back to the $5.30 area I sold 50 contracts of the $5.50 Naked Calls expiring next Friday. I […]

Today I made a move with my U.S. Steel (X) positions that is the biggest move since the inception of “Main Street beats Wall Street.” This move gets a bit involved and will be confusing for Grasshoppers. The first thing I want to talk about is the definition of LEAP. Long-term Equity AnticiPation Securities (LEAPS), […]

I would like to take a look at a trade I made last week and examine “Opportunity Lost.” You know I don’t worry about Opportunity Lost. I want to take a look at a trade I made last week involving Netflix (NFLX). If you study stock options, I’m sure you own a few books. Take […]

I had another very nice week of profit! The job’s report that came out before the opening on Friday messed with my plans for U.S. Steel (X) a little so I made an adjustment trade. At the close on Thursday, X was right at my Strike Price and was looking good for expiration. On Friday […]

Things were going so well for my short positions until the Employment Report came out this morning. The report said we had an increase of 280,000 for the month of June. This was the largest one month gain since we were keeping track. I’m sorry but I don’t believe it! This is an election year […]