Month: September 2017

Paper trading is a crucial step in becoming a successful options trader. Besides familiarizing yourself with a platform you feel comfortable with and testing different strategies, you will get a small taste of how emotional trading can be. It will also train you to accept opportunity lost, because any gain in your paper trading account […]

About 2 weeks ago I got out of 1000 shares of Snap (SNAP) with a nice profit. I was gonna hold on to those shares but it was up over $15 and I no longer liked the candlestick chart in addition to hearing some unfavorable reports. The last few days the stock has been moving […]

On Monday I sold a 20 contract $74.50 Call on RH. I received a premium of $2000. Yesterday the stock went down and I bought back the Call for $400 taking a $1600 profit. With this stock being so volatile, my hopes were that the stock would come back up so I would be able […]

  After a 2 week pullback in U.S. Steel (X) it’s been moving a little the last few days. With the stock at $24.75 and having a 25¢ premium I decided to do a 3 day “Buy-Write.” I bought 1000 shares of the stock at $24.75 and sold 10 contract $25 Call expiring this Friday. […]

Yesterday I owned 2000 Shares of Micron (MU). After the close yesterday MU announced earnings. Lucky for my the results were very good. Today the stock opened up over $2. After looking at the candlestick chart from past great earnings results, I noticed the stock went up but than dropped for a day or two. […]

Yesterday I sold a 1 week Call on RH and received $1.00 as a premium on 20 contracts. Today the stock received an upgrade from Deutsche Bank to a buy. It opened up about $2 and was up most of the day. As the day got old the very volatile stock started down. While it […]

Today I sold a 20 contract Call on Micron (MU). After I sold the call the stock was dropping. I had a basketball workout with the high school kids at 3pm. I left my house at 2. I received $1.00 as the premium for the Call I sold. Before I left my house the premium […]

I’m still reeling a bit from the set up and break down of my Oktoberfest, but it’s Monday morning and it’s time to try and get the party paid for lol. This morning I did 2 Covered Calls. One with Micron (MU) and the other with RH (RH). With MU, last week I had 2000 […]

I had an extremely busy weekend. I run a party at my house every year in memory of my brother who passed away. It’s a very festive Oktoberfest. I love getting his friends together to celebrate his life with German beer and great food. I have a lot of people at my house and it’s […]

Yesterday with RH fluctuating I bought 1000 shares at $72.67. Today it already hit $74. When it was at $74 I was thinking of selling the 1000 shares at a nice 1 day profit of $1.33 per shares. I decided not to sell and I sold a 10 contract $74.50 Call expiring tomorrow. I received […]