On Friday I sold 20 contracts of the Micron (MU) 5/12/17 $28 Calls when the stock was at $28.17. I sold this In-the-Money Naked Call because I felt MU would fall a little below my $28 Strike Price today. Well MU is down a little today and the stock fell below my Strike Price ($28) […]
Month: May 2017
Results Week Ending 5/5/17
This week I had 2 option trades come to a close. Both started as short Naked Calls, which means I sold the Calls, but ended up as Covered Calls. Most Main Street beats Wall Street readers know I do not buy options, I’m an options seller! The 2 stocks I was dealing with was Micron […]
Sold Micron Calls at the Close
I just sold 20 contracts of the Micron (MU) 5/12/17 $28 Calls for a premium of 50¢. I had a $28 Covered Call which was expiring at the close today. It was clear the stock was gonna close above my Strike Price and I would be assigned which would clear up some margin buying power. […]
Covered RH Call with “Stop Limit” Order
Yesterday I sold 10 Naked contracts of RH Calls, you can read this trade at Sold 10 Call on RH. When I made that trade I placed a “Stop Limit” order to buy the shares. When I sold the Call the stock was at $51.05 and my Strike Price was $51.50. I put the “Stop […]
Sold 10 Calls on RH
RH (Restoration Hardware) has been running crazy lately and has been up over $2.50 today. I just sold 10 contracts of the 5/5/17 $51.50 Calls for 50¢ ($500). Along with the sale of the Naked Calls I put an order in place to buy the 1000 shares if the stock gets up to $51.30. If […]
Sold Micron 30 Calls
As you know I’m down in Fla. I’m just about to hop on my motorcycle and I sold a Call to start the week. I sold 30 contracts of the Micron (MU) 5/5/17 $28 Calls. I received a premium of 40¢ for $1200. When I sold the call the stock was right at the Strike […]