Month: January 2018

I bought 2000 shares of Advanced Micro Devices (AMD) at $14.39 way back on 6/26/17. I’ve sold a few Calls when I first got in but haven’t done anything in a while because the stock dropped and the premiums weren’t worth the trouble. The stock’s been moving up lately to above $13. Today the stock […]

Earlier I posted that I bought 1000 shares of Skechers (SKX) at $40.80. Also in that post I reported that I placed an order to sell 10 SKX 2/2/18 $41 Calls for a premium of 75¢. I waited the entire day and I was never executed on the order. At about 3:30 I had to […]

This morning I opened the week owning 1500 shares of RH. A few minutes after the opening bell the stock went up to $104. When it was up I placed an order to sell 15 contracts of the 2/2/18 $106 Calls for a $2 premium. As soon as I hit send I was executed on […]

We completed our first 4 weeks of trading for 2018. The beginning of a new year is normally pretty good for the market, and 2018 is no exception. In fact, 2018 is my best start since the inception of Main Street beats Wall Street. This is the start of our 3rd year. The trading year […]

I was watching RH very closely and it was moving horizontally, bouncing off the 50 day moving average to it’s north. It pierced the 50 day MA and it looked like it was going to move up so I bought 500 shares to cover my 5 contract Call. I feel better now so I don’t […]

RH shot up to $105. I just sold a 5 contract 1/26/18 $105 Call. I felt the stock was going to go down because it hit the $105 resistance so I sold this Call naked. I will watch closely to see if and when I should cover this Call. This is crazy but when I […]

Yesterday I bought 1000 shares of RH at $99.90 and sold a 10 contract $104 Call. Also yesterday, RH went all the way up to $105. When it started to drop back I took a calculated risk and sold my 1000 shares at $104.32. I did lock in a $4.42 per share profit on the […]

Man! What a busy day! About an hour ago I bought 1000 shares of Square (SQ) at $44.65. I didn’t write a post at that time because when I bought stock I also put in an order to sell a $45 Call for $1.05. I felt the stock was going up but it took a […]

I’ve been watching RH a long time, every day! Many days I feel like I know how it’s gonna move. That comes with being familiar with a stock. Today I bought 1000 shares of RH at $99.90. I also sold a 10 contract $104 Call. The stock went all the way up to $105; $1 […]

U.S. Steel (X) was upgraded today by Citibank from sell to neutral. I’m not looking to own X right now but I thought it was a good opportunity for a “Buy-Write” with the Call being very close to an At-the-money Call. I bought 1000 shares at $39.37 and sold 10 contracts of the X 1/26/18 […]