Month: September 2019

  I was just filled on a Naked Calls on Square (SQ) and sold 5 Micron (MU) Puts. Last Tuesday SQ hit it’s lowest price since January 3rd. On Tuesday it was down to $54.41, which turned out to be support and a reversal. Since Tuesday it’s been moving up. Today it’s high was $62.24. […]

Do you remember I did a Diagonal Bull Call Spread back on 7/18/19? Well, I’m completely out of this position. A Diagonal Bull Call Spread is a position like a Covered Call. Only you don’t buy the stock, you buy a  Long Call Option to cover a Short Call Option you sold. Instead of buying […]

  Square (SQ) is moving nicely today. As I write it’s up $1.25. It’s still down about $1.50 from where I bought but I was able to get a Call sold. Last week I bought 1000 shares of SQ at $59.50. When I bought I did a Buy-Write. On Friday the Call expired but I […]

I saw an opportunity and I started my week off with an AMD Covered Call. A week ago I bought 1000 shares of Advanced Micro Devices (AMD) when I did a Buy-Write. I bought the shares at $30.95 and sold the $31 Call. With that Buy-Write I received a premium of 60¢. When the Expiration […]

This was another fantastic week! This makes 3 in a row with huge weekly profits. This was a great week, however, not as good as last week. I made more money this week, $5850 to last week’s $3150, but I like the way last week ended better. Last week I traded 3 Covered Calls and […]

I thought I was pretty much done trading this week, but NO! When you’re in positions you never know what’s gonna happen. That’s why I love this game. Like coaching basketball, it keeps me on my toes. Sometimes you think you’re done for the week and opportunities open with small movements in the market. Let’s […]

In my last post reporting my Dish Network (DISH) Buy-Write I said I was placing an order to buy a DISH Call. I was just filled on that order. I bought 10 6/19/20 $35 Calls for a premium of $6.30 for $6300. This option has a long time before expiration. It comes with a Delta […]

I just did a Buy-Write with Dish Network (DISH). DISH is going higher today in a down market so I did a little homework. While I was reading the stock was featured on “Unusual Activity” on CNBC. It was getting tons of Calls bought. According to the Najarian Bros, who bought Calls, the stock will […]

  I just did a Buy-Write with Advanced Micro Devices (AMD). AMD is on a run up today in a down market. I took a little deeper look and notice a lot of option activity. The stock is pretty low and the RSI is nowhere near in a overbought situation. I feel the stock will […]

Earlier I wrote that I placed an order to sell my Micron (MU) Calls I owned. On 7/18/19 I did a Diagonal Bull Call Spread on MU. I used an option I bought to cover a Call I sold. The Call I bought was a 10 contract 6/19/20 $45 Call. When I bought the Call […]