As I said in a few post, I felt Yelp’s earnings were going to be good. And they were! Even though I felt it would be a good report, I was still very worried owning 5000 shares. If the report wasn’t so good, who knows where the stock would have gone down to. Well, the […]

On 8/1/16 I sold 50 contracts of the Yelp $34.50 Calls to expire this Friday. Yelp’s earnings report comes out after the close today. I feel the earnings will be good but I don’t like being in this position, relying on a good report to be successful. The reason I’m in this Yelp Call now, […]

This week was slow when it comes to completed trades. I only had one! But it was a good one! If you are a “Main Street beats Wall Street” reader you know last Friday I did a Roll Out with Yelp. The “Roll Out” is a great adjustment trade strategy and I use it often. […]

Do you love what you do for a living? Do you love getting up in the morning? Are you happy? I hear every day of my life how unhappy people are. I’m talking about very successful people. Doctors, lawyers, accountants, business owners, entertainers, very smart successful people. Many people are not happy! I speak to […]

In today’s “Message of the Day” I want to talk about three big name investors who are betting against the stock market. If you are a reader of “Main Street beats Wall Street” you know I make a living selling Call Options, which is shorting the stock or the stock market. And you know I don’t […]

Yes you did read the title of this post correctly. I sold a Put! I sell Puts so infrequently I didn’t even write my Put pages in “Main Street beats Wall Street” yet. Hopefully I’ll get them done soon. Let’s take a look at why I sold a Put on YELP. First let’s define what […]

If you read my last post “Results week ending 7/29/16” you are aware I was in Boston for Expiration Day and I had wifi problems at my hotel. My 50 contract YELP Call was In-the-Money and I had to make an adjustment trade. I was in the middle of a Roll Out and the wifi […]

It’s Sunday and I’m back home in NY. You might have read I had to go to Boston Thursday morning. As a result, I was in the car most of the trading day on Thursday. When I arrived and checked in at the Best Western there was only a few minutes left so I didn’t […]

The steel stocks have been moving really well lately. Yesterday I sold 50 contracts of the AK Steel (AKS) $6.50 Calls expiring this Friday. With the stock above my Strike Price most of the time, I was a little worried. A few minutes ago the stock dropped to the $6.50 price so I covered my […]

The steel stocks are on a run today. The 3 I watch are U.S. Steel (X), AK Steel (AKS) and Nucor Corp (NUE). Nucor is the biggest steel company in the USA and about the 5th or 6th in the world. Today Nucor is the only one thats down. U.S. Steel is up about 10% […]