Month: April 2017

Hi Readers, I will not be near the market for a week. Or on Main Street beats Wall Street. I’m leaving this morning for my yearly motorcycle trip to the Keys. This morning I’m flying out of Newark Airport to Ft Lauderdale. I had a home there for many years. I have one of my […]

If you read my Results Week Ending 4/21/17 I mentioned I had to leave my desk early on Friday because of an appointment. Also, if you read my post Bought 2000 shares Micron you will see I put in an order to sell 20 contracts of Micron Covered Calls with a 50¢ premium on the […]

As you probably noticed my trades have been very limited the last few weeks. A few of my positions are moving against me and I’m patiently waiting for them to get to the point where I can make a trade without putting them at risk. For example, my U.S. Steel (X) and AK Steel (AKS) […]

I bought 2000 shares of Micron (MU). This week I tried to sell 20 Naked contracts of the MU 4/21/17 $27.50 Calls. I was only executed on 8 of the 20 contracts. Today is Expiration Day for that Call. The stock is hanging around the Strike Price of $27.50. With the Call expiring today I […]

Yelp (YELP) has not been moving great lately. I hope I get a few more days of it moving “not so great” because I just sold a 20 contract Naked Call. With the stock at $31.80 I sold 20 YELP 4/21/17 $32.50 for a premium of 35¢ ($700). This is a Naked Call so the […]

Today is Good Friday and the markets are closed. I will not be near my computer for the rest of the holy weekend so I wanted to get this week ending report done before I go away for Easter. I had one trade come to a conclusion this week and this trade carries a very […]

A few hours ago, a little after the opening, I put in an order to sell 20 contracts of the Micron (MU) 4/21/17 $27.50 Calls. I put in the order for a premium of 35¢. About an hour ago I was executed on 8 contracts and I’m still waiting to get executed on the other […]

Murphy’s Law, did you ever hear of it? Well, I think it’s such a part of option trading I included the term in my Stocks/Options Glossary. It means, what can go wrong, will go wrong! I mention many times in Main Street beats Wall Street that things will not always go your way. You will […]

U.S. Steel is really not moving good for me lately. Watching the candlestick chart and seeing the stock go up and down, I decided to sell a 1 day Call to bring is some premium. This is an X 80 contract Call with the Strike Price of $33. I received a premium of 38¢ for […]

In my “Results Week Ending 3/31/17” I reported that I put in an order to do a “Roll-out” on my Short Call I had on RH. I sold 15 contracts of RH 3/31/17 $39 C last week and RH went on a crazy run putting me in a bad situation. With the expiration of this […]