The “Trump Train” continues to roll and it helped me have another very nice week. On a big down day early in the week I jumped out all my option positions. I had 3 Covered Calls expiring on the 27th and I bought my way out keeping only the stock. As the market bounced back […]

This post will be very important to understand if you want to be an options trader. On 10/20/17 I sold a 10 contract Call on previously owned 1000 shares of RH. With the stock at $82.60 I sold 10 contracts of the 10/27/17 $85 Call for a premium of $1.25 ($1250). With the market down […]

For the Main Street beats Wall Street loyal readers, you probably know I’ve been closing my option positions today. With the market down I was able to get out of all my Calls and now only own stock. As you may know, if I can get out of a position (I sold) and keep half […]

This Monday I bought 1000 shares of Weight Watchers (WTW) at $45.50 and sold an At-the-Money 10 contract Call expiring this Friday. With the selling of the Call I brought in a premium of 90¢ for $900. Today with the market sell-off WTW is also down. The premium I sold for 90¢ ($900) is down […]

I’ve owned 2000 shares of Advanced Micro Devices (AMD) for a while now. On these shares I’ve been selling Calls and bringing in nice premiums. On 9/1/17 I sold 20 contracts of the 1/19/18 $15 Calls for a premium of $1.20. These 1/19/18 Calls are considered LEAPS, long terms options. On 9/20/17 I bought another […]

I liked the way the Weight Watchers (WTW) charts looked for a quick “Buy-Write” and an exit. I bought 1000 shares of WTW at $45.50 and sold 10 contracts of the WTW 10/27/17 $45.50 Calls for a 90¢ premium ($900). I’m not looking to make any money on the stock. That’s why I sold the […]

I had another very busy weekend with basketball and family so getting to my work on Main Street beats Wall Street was near impossible. As I plan my Monday morning and my week ahead I’ll get my weekly results post done. I also had another very good week with my trading as the “Trump Train” […]

This is an article from someone I enjoy reading. The Trend is Your Friend The markets, which began the day under pressure yesterday, ended near their highs by the close. And both the Dow and the S&P finished in the plus column once again. All morning long yesterday, the financial shows obsessed over the 30 […]

This Monday I bought 1000 shares of RH at $81. Also on Monday I sold a 10 contract Call against these shares. On Tuesday I was able to Buy to Close this option position and keep over half the premium I collected (see Buy to Close RH). The premium was $1250. Today the market is […]

Yesterday I bought 1000 shares of RH and sold a 10 contract Call for $1.25 to bring in $1250. Today, with the stock moving up and down I placed an order to Buy to Close the option position for 60¢ or $600. With about an hour left till closing I had to leave my house […]