Month: August 2016

As a reminder, I have a Covered Call on Yelp (YELP) expiring today. I own 5000 shares at $37.80 and I have 50 contracts of the $38 Calls. As I write YELP is at $38.50 and is up $.80 on a down day. It looks to me like today the stock will close above my […]

While I was writing my last post, a few minutes ago, selling a Put on GPRO, I was executed on a 50 contract Call on Yelp (YELP). Yesterday I bought 5000 shares of YELP at $37.80. Today I just sold a Call against those shares. I sold 50 contracts of the $38 Call expiring this […]

If you follow my “Active Positions” you know I have a 50 contract Call sold on GPRO expiring in January. Yesterday I sold my 5000 shares of GoPro (GPRO). While I locked in a nice profit of $3300, it also put me in a situation where I was Naked on the 50 contract Call. I […]

I bought 2000 shares of GPRO way back on 1/5/16 and bought another 3000 shares on 7/15/16 for a total of 5000 shares at an average price of $15.09. The stock has been on a huge run lately and today it had a 10% day. The stock went as high as $16.25 and started pulling […]

Yelp has been on a roll lately! It just dropped down to $37.80 and I bought 5000 shares. The stock can have a little pullback but I’m going to try to get a $38 Call sold for a premium of $.80. However, If the stock moves up $.20 I might jump out with a quick […]

This was another great week! I love having a week where I put over 10 grand in my mattress, dealing with only one stock! That’s what I did this week. I only had positions expiring with Yelp (YELP). If you look at my “Trade History” or “Active Trades/Current Positions” you will see I sold a […]

There’s nothing wrong with approaching options trading as a pastime in which you take large risks by focusing on buying cheap Out-of-the-Money calls in hopes of hitting a big payday. As long as you have money to burn! You can have your own private Las Vegas right in your home. However, being sucked in by […]

As I said in a few post, I felt Yelp’s earnings were going to be good. And they were! Even though I felt it would be a good report, I was still very worried owning 5000 shares. If the report wasn’t so good, who knows where the stock would have gone down to. Well, the […]

On 8/1/16 I sold 50 contracts of the Yelp $34.50 Calls to expire this Friday. Yelp’s earnings report comes out after the close today. I feel the earnings will be good but I don’t like being in this position, relying on a good report to be successful. The reason I’m in this Yelp Call now, […]

This week was slow when it comes to completed trades. I only had one! But it was a good one! If you are a “Main Street beats Wall Street” reader you know last Friday I did a Roll Out with Yelp. The “Roll Out” is a great adjustment trade strategy and I use it often. […]