Month: September 2016

While doing my trading, along with my computer, I have my TV on. I’m tuned into one of the financial stations; either Bloomberg or CNBC. Both last week and yesterday, the CEO of Wells Fargo, John Stumpf has been getting grilled by the lawmakers of congress, in full view on TV, because of the recent […]

15 minutes before the close I was executed on a 50 contract Buy-Write. This is a 3 day deal that falls under my “1 Week/1%” strategy. I did an At-the-Money Buy-Write with the stock at $16. I was executed buying 5000 shares of Potash (POT) at $16 along with being executed selling 50 contracts of […]

After getting out of a 10 contract Covered Call on Yelp I had one 10 Contract Covered Call remaining. With the remaining Covered Call I bought the 1000 shares at $39.35. Yelp is up 1.76 (4.7%). After looking at the candlestick chart I feel Yelp will pull back a little in the next few days. […]

A few minutes ago Gpro dipped below $16. I have a $16 Call on GPRO expiring this Friday. I put in a buy order to buy the stock at $15.90 and I was executed. This makes me very happy! I sold all me stock with a nice profit last week but I left myself Naked […]

Today While I was watching my active positions I saw a nice opportunity to exit a 10 contract Covered Call on YELP. I had two 10 contract Covered Calls going and I exited one. One is still active. The one I exited went as follows. I Sold the 10 contract Call on 9/9/16 and I […]

Last week was a crazy week for a few reasons. #1, it was the largest amount of money I ever put in my mattress in a week ending result, $21,100. #2, while stuffing my mattress with this amount of money I put myself in a very precarious situation. With Gopro (GRPO) at a high price, […]

This weeks ending results can be very deceiving! I had one of my biggest week as a trader, as far as closing trades and cashing in the winnings, BUT! While I was putting money in my mattress I have put myself in an extremely high risk situation. Yesterday (Thursday) I sold 10,000 shares of GPRO […]

Earlier I put a Stop Loss on 10,000 shares of GPRO. I hope I did the right thing because I’m very nervous about this market. Many  “professionals” are talking about a big correction. With GPRO up $1.25 today and in the $16.25 area I decided to put a Stop Loss order on 10,000 shares. 5000 […]

I normally don’t use Stop Loss orders because I’m normally near my computer. However, I have a big Oktoberfest party at my house this Saturday and have tons of work to do. I know I just bought 5000 shares to cover my new Triple Play Hedge, and the stock is up but I’m very nervous […]

I did a “Triple Play Hedge” on Sept 6th. If you never looked into my strategy please hit the link and learn about it. With my Sept 6th Triple Play I bought 5000 shares of GPRO at $14.40 and sold 3 Calls. The 3 Calls sold were a 9/9/16 $14.50 Call, a 9/16/16 $15.50 Call […]