Month: March 2017

This morning I bought 1000 shares of RH at the open and right at the close I sold the shares. I bought the shares to cover a 10 contract Naked Call because the stock was moving up. At the end of the day I changed my mind about wanting the RH Call covered. The stock […]

In my last post I mentioned that I put in an order to sell 15 contracts of the RH 3/31/17 $39 Calls for a premium of 90¢ (+$1350). I was just executed on that order. This option is still $1.50 Out-of-the-Money so I’ll leave it Naked until the stock goes a bit higher. I would […]

Yesterday I sold 10 contracts of the RH 3/31/17 $37.50 Naked Calls. The stock has been very volatile so I never know when the stock is gonna move up or down. As of late the stock has been moving up. This morning at the opening I had to leave my desk for a few hours. […]

I had 3 trades come to an end this past week. 1 involved RH, 1 involved U.S. Steel and the last involved AK Steel. Let’s take a look and see how they worked out. We’ll start with RH. I sold a Naked 30 contract Call on RH and received an 80¢ premium for $2400. The […]

I reported this morning that I bought 3000 shares of RH to end a trade with the stock which involved a short position. Now that I’m out of RH I just sold another Call. I sold 10 contracts of the $37.50 Calls to expire this Friday. At the time of the sale the stock was […]

On Friday I reported that I had my broker deliver 3000 shares of RH because of my Naked Call expiring. Please read my post “RH Trade Explanation.” This morning the market is taking a big hit because of Trumps health care issues. I delivered the 3000 shares of RH at $36.50 which was my Strike […]

RH is both the name of the company and it’s ticker symbol. Formerly Restoration Hardware Holdings, Inc., is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. On Friday, March 17th […]

I am writing to correct a mistake I made in both of my post that went out as emails today. This morning I bought 3000 shares of U.S. Steel at $36.31. It was pointed out by numerous readers that in my email I had it that I bought for $35.31. Also, later in the day […]

This morning I reported that I bought 3000 shares of U.S. Steel (X). I bought the stock at $36.31 and as soon as I bought the stock it started going up. When I bought the shares I didn’t sell the Call because I was waiting to see how high it would go. It’s been hanging […]

A little while ago I bought 3000 shares of U.S. Steel at $36.31 in hopes of selling a 30 contract Call to expire this Friday. After I made the purchase the stock started to move up so at this point I’m shopping for a Strike Price and premium I feel will be advantageous and fit […]