I did a Covered Call with U.S.Steel (X) earlier today. I bought 5000 shares of the stock at $19.30, and when the stock went up I sold a $20 Call expiring today. You can read about the trade in an earlier email or take a look at the blog section of Main Street beats Wall […]

The steel companies are on a roll! As a Main Street beats Wall Street reader you know I’m very involved in U.S. Steel (X) for a long time now and watch it very closely. Yesterday I did a day trade with 5000 shares of the stock and made a quick $500 in a few minutes. […]

If you are following my trades closely you saw I jumped out of a Micron (MU) trade today. On Tuesday I sold a 50 contract Call and today, 2 days later, I got out with a $500 profit. A few minutes ago I sold another Call. This was a 50 contract $18 Call that will […]

The steel stocks are on a roll today. As I write, U.S.Steel (X) is up about a dollar to $19.47. I already own 10,000 shares so I’m having a great day with the stock. I also have a $20 Call sold on these shares. I really don’t want to get more involved in X but […]

This Tuesday, Oct. 18th I sold a Call against my 5000 shares of Micron (MU). This was a 50 contract $18 Call to expire next Friday, Oct. 28th. I received a premium of $.20 (+$1000). This morning with the market and Micron down a little I decided to lock is some profit. The premium was […]

On 10/12/16 I bought 1000 shares of Gopro (GPRO). These shares I bought at $14.47. Back on 7/15/16 I sold 50 contracts of a GPRO Naked Call LEAP with a Strike Price of $15. These Calls will expire on 1/20/17. On 10/12/16 it looked to me like GPRO was going to start moving up. With […]

I got into Micron (MU) a few week ago right before they announced their earnings. It wasn’t a normal move for me but I liked the way the charts looked and there was a few upgrades. On Oct 3rd I bought I bought 5000 shares and did a “Triple Play Hedge.” All three of the […]

Today the market opened “up” but now has reversed and is down about 25 points. I’m really holding more stock than I like so I’m trying to get out of some positions with a profit while I free up some margin money. I hope to get in some new positions but sometimes I like to […]

The last few weeks the market has been quite volatile. I’m holding a lot of stock, probably the most since posting on Main Street beats Wall Street, and my holdings haven’t handled the market moves as I would have liked. Lucky for me, my selling Calls for hedging worked pretty nicely, especially my Triple Play […]

About 3 weeks ago on 9/21/16 I sold 100 contracts of the U. S. Steel (X) 1/20/17 $21Naked Call LEAP. I received a premium of $1.20 for $12,000. To pocket all of the $12,000 I would have to hold the Call until expiration, January 20th. Today with the market continuing to move south, X is […]