A little while ago I was looking a Micron (MU) to sell a Call to expire this Friday. The stock was in the $22.55 area, down from the high of the day $22.84. Watching both the daily and 1 minute candlestick charts I felt the stock was going to stay a little lower. With the […]

Today on the 1st trading day of 2017 I am starting Main Street beats Wall Street with a clean slate. Having said that, I am holding 10,000 shares of U.S. Steel (X) from 2016 and I just sold a 100 contract Covered Call against them. These shares I purchased on 12/22/16 for $35.73. These shares […]

“Main Street beats Wall Street” would like to wish everyone a Happy, Healthy and Prosperous New Year!   I’m back at my desk for the first time in 2017. I have a lot to talk about so you will probably get another email or 2 today. I just made my first trade of 2017 so […]

Yesterday I sold 100 contracts of the U.S. Steel (X) 12/30/16 $36.50 Calls for a premium of $.70 ($7000). Today with the market down on “not so great” housing news, I decided to get out of my X Calls. With 2 full days remaining until expiration and the premium down to $.15 I locked in […]

Yelp has been moving the last week, up over $5. I feel it might be hitting resistance so I just sold a 20 contract Call. With the stock at $40.50 I sold 20 contracts of the YELP 12/30/16 $41.50 Calls for a premium of $.40 for a total of $800. A $.40 premium on a […]

I hope everyone enjoyed Christmas or continues to enjoy Hanukkah! Today is the first day the market is open after Christmas and we are in the last week of 2016. Last week I sold a 100 contract Naked Call on U. S. Steel (X) which became a Covered Call when I bought 10,000 shares on […]

The last few weeks have been extremely hectic and I haven’t been as diligent with my post on Main Street beats Wall Street as I would like. My schedule has been so crazy starting with the beginning of the basketball season. As you might know I’m back coaching high school basketball. It’s an everyday commitment! […]

Arrived in Costa Rica on Tuesday evening . Monday was a travel prep day. Tuesday was a travel day. Wednesday woke in San Jose, enjoyed a Tico (Local) breakfast at our hotel and had lunch and dinner while checking out the city. Thursday I was up early for another Tico breakfast before we left San […]

I know I should be relaxing more but while I’m listening to the waves with an eye on the computer, I keeping seeing deals I like. And you know me, I love a good deal! While I’m watching X closely because of my Naked Calls, I decided to make one more trade. It’s only 11:08am […]

I’m sitting on my balcony in Jaco watching the waves roll with one eye on the market. Yesterday I sold a 50 contract Call on U.S. Steel (X) which was a $39 Call expiring today. With that Call I put on a “Buy Stop” order to buy 5000 shares at $38.50 to cover my Call […]