Right at the close I made two moves. One with Yelp (YELP) and the other with GoPro (GPRO). I had a Covered Call on Yelp. I owned 5000 shares at $38.38 and I had a $39 Call sold expiring today. With two minutes to the closing bell and Yelp at $38.78, it was clear it […]

The market opened higher and soon after the open the market was up triple digits. This was as a result of a good August jobs report. “Main Street beats Wall Street” readers know I have a 100 contract Put on U.S. Steel (X) which expires today. The Strike Price for this Put is $19.50. If […]

Well, I’m on a bumpy road! It was starting to concern me so I took  detour. The market opened up modestly and so did U.S. Steel (X). But a few minutes into the trading day X starting heading down. With the stock in the $19.20 area I started to think about an adjustment trade. The […]

I started today early! I really didn’t want to make any more trades this week. I started the week off nicely yesterday with a $3000 gain on the sale of my U.S. Steel (X) stock, plus I have two options working involving a Call on Yelp and a Put on GoPro. The week was shaping […]

Good morning Readers! I’m getting the week off to a quick start. Before I get into how, I would like to apologize for my last post which was “Results Week Ending 8/26/16.” I wrote that post late Friday evening and I think I was falling asleep lol. I do not consider myself a writer but […]

It was another very nice week! I really didn’t do too much trading. I only had two positions expire on Friday. The two trades involved Yelp (YELP) and U.S. Steel (X). I did make two trades on Friday which will expire next Friday, Sept 2nd. One with Yelp and the other with GoPro (GPRO). Let’s […]

I just got off the phone with an old friend of mine. And yes we were talking options! Before he called me, I put in an order to sell a Put on GPRO. As we were talking my order was executed. I already have 50 contracts of the $15 Calls sold that don’t expire until […]

Today I have two options expiring. One is a 100 contract $20 Put on U.S. Steel (X) and the other is a 30 contract $39 Call on Yelp (YELP). I hope I’m not speaking to early, but it looks to me like these two options will expire without and stock changing hands. As I write […]

I just sent out a post on selling 100 contracts of U.S. Steel Puts. I noticed I made a mistake in my order form in that post. I wrote in the order form that I sold 1000 contracts and the actually amount is 100 contracts. Sorry for the extra “zero.” Here’s the correct order: Sell […]

Most “Main Street beats Wall Street” readers know I have a 100 contract Naked Call on U.S. Steel (X). This Call has a Strike Price of $21 and an Expiration Date of January 20, 2017. When you have a Naked Call you are always worried and want to cover the Call if you get a […]