If you are a regular reader of “Main Street beats Wall Street” or you take a look at my Active Trades, you are aware on 7/15/16 I sold a Naked Call LEAP on Gopro (GPRO). This is a 10 contract Call with the Strike Price of $15. In the last few weeks the stock has […]

I just added a new page to “Main Street beats Wall Street.” In staying with complete transparency, “Main Street beats Wall Street” will be posting all trade confirmations of trades made. This will assist in learning the process of being a trader, plus this page will be a record of trades for readers to refer […]

If you read yesterday’s trade post you know I tried to do a Buy-Write with Yelp just before the close. I was executed on the Call but not on the buying of the stock. The call I was executed on was selling 50 contract of the Yelp 10/14/16 (this Friday) $41Call. I wanted to buy […]

Going into the close I tried to do a Buy-Write on Yelp. I was executed on selling the Calls but I was not executed on the buying of the stock. The result is, I went into the close with a Naked Call, and the Call is In-the-Money. It’s not what I wanted but we will […]

It’s Friday night, I’m laying low and I have a very busy weekend planned. I normally write this report on Saturday but with the busy weekend I figured, let me get it done. Before I get to the report I wanted to talk about Technical Analysis. It’s something I do with every trade and now […]

Before this post I had two Covered Call on Gopro (GPRO). I own 10,000 shares of the stock at $16.70 and I have two 50 contracts Call sold against these shares. One is a $17 Call expiring today and the other is a $17 Call expiring next Friday. I know it’s still early in the […]

I just completed a new page. This page is called Candlestick Charts. If you want to be a professional trader you must learn Candlesticks. This page includes many links to very good websites and Youtube videos. Some of the links contain entire books. If you want to learn Candlestick technical analysis this is all the […]

This post is for the readers who are following my Micron Technology (MU) trades which fall under my strategy “Triple Play Hedge.” Please read and understand the strategy’s page by hitting the link. Now that Micron has announced earnings and the dust is clearing, let’s see how my Triple Play Hedge is working. In summation, […]

If you have been following my resent trades with Micron (MU) you know what I’ve been doing. But I just added to that position so let me explain where I am now. Yesterday I did a Covered Call with MU. Because the company is reporting their earnings after the close today, I decided to sell […]

A little earlier today I sold a Covered Call involving Micron Technology (MU). As I wrote in that post, although I like MU I was a little concerned with that position because the company reports earnings tomorrow after the close. When news is due, you never know what’s going to happen. In that last post […]