Month: February 2017

In an attempt to shorten the weekly results I will no longer give full explanations of all trades for the week. I will give the necessary information in a shorter explanation while I include the link to the post of the trade when it was originally made. I had 5 trades close the week. 4 […]

I just sent out a report on getting out of U.S. Steel (X). In that report, at the end, I mentioned I put in an order to sell 50 contracts of the 2/24/17 $40.50 Naked Call That Call was just executed! This is a Naked Call on a very volatile stock so I give this […]

This week is going to be another great week to start 2017. Up until a few minutes ago I owned 5000 shares of U.S. Steel (X) and I had 2 Short Calls sold that were expiring today. 1 was a 50 contract $39.50 Call and the other was a 30 contract $41.40 Call. As I […]

Yesterday I sold a 30 contract Call on U.S. Steel (X). This Call was to expire next Friday, the 24th. I normally sell Calls to expire in the present week. However, I made all the trades I wanted to this week, which satisfied my weekly goal in my “2017 Challenge” so with plenty of margin […]

I like the way this week’s Calls are going so I decided to get a jump on my next week’s “2017 Challenge” goal aspiration. I have 2 Calls sold on U.S. Steel (X) to expire in 2 days, Friday the 17th. As I write the stock is at $40.20. My 2 Calls are a 50 […]

For the first time in 2017 I started my week without owning shares of U.S. Steel (X). I’ve owned 10,000 shares carried over from 2016, but those shares were assigned this past Friday as a result of a 100 contract Call closing In-the-Money on Expiration Day. With X up big yesterday I sold a 30 […]

I have not done a “Buy-Write” in a while but basically it’s a Covered Call where you buy the stock and sell a Call Option at the same time. I’ve had Dick’s Sporting Goods (DKS) on my watch list for a while now. Today looking for a nice deal to satisfy my “2017 Challenge“, I […]

Today U.S. Steel is at it again! As I write the stock is up $2. I sold 50 contracts of the $39.50 Calls on Friday to start off this week and those Calls are already At-the-Money. I’ll watch closely to see if I’m gonna buy the 5000 shares to cover that Call. This morning with […]

I’m writing this week’s report a little late this week. Now that I’m back coaching basketball, I had playoffs all weekend. It’s now Monday and I’m getting it done. All my trades involved U.S. Steel (X). I started the week with the same as the last 6 weeks. I have 10,000 shares of X that […]

It’s been a long time coming! My “2017 Challenge” is ready for review. As I said many times, the delay was because of my large position with U.S. Steel. After today’s close I no longer own the 10,000 shares! I carried the shares over from 2016 and have been selling Calls for the last 6 […]