This week I had two positions come to a conclusion. One with U.S. Steel (X) and the other with GoPro (GPRO). Actually the trade with X involved two trades on it’s own. Let’s continue and I’ll explain. U.S. Steel On Thursday, May 19th I sold 50 Naked contracts of the X. If you remember, nine […]

I have a lot to talk about when it comes to GoPro (GPRO). If you are a Grasshopper, maybe it’s better you don’t even read this post. It’s very confusing! Maybe it’s better to look at my Active Trades and see what I have alive. I’m sorry for the complication but I must post what […]

I’ve been watching the steel companies closely for a while now. I feel like they are hitting a little resistance in the last few days. With AK Steel (AKS) hitting a 52week high ($5.50) today then pulling back to the $5.30 area I sold 50 contracts of the $5.50 Naked Calls expiring next Friday. I […]

Today I made a move with my U.S. Steel (X) positions that is the biggest move since the inception of “Main Street beats Wall Street.” This move gets a bit involved and will be confusing for Grasshoppers. The first thing I want to talk about is the definition of LEAP. Long-term Equity AnticiPation Securities (LEAPS), […]

I would like to take a look at a trade I made last week and examine “Opportunity Lost.” You know I don’t worry about Opportunity Lost. I want to take a look at a trade I made last week involving Netflix (NFLX). If you study stock options, I’m sure you own a few books. Take […]

I had another very nice week of profit! The job’s report that came out before the opening on Friday messed with my plans for U.S. Steel (X) a little so I made an adjustment trade. At the close on Thursday, X was right at my Strike Price and was looking good for expiration. On Friday […]

Things were going so well for my short positions until the Employment Report came out this morning. The report said we had an increase of 280,000 for the month of June. This was the largest one month gain since we were keeping track. I’m sorry but I don’t believe it! This is an election year […]

I was watching U.S. Steel (X) very closely today because I have a 50 contract $18 Naked Call expiring tomorrow and the stock was up to $18.67. As the day went on the stock came down to below $18 which made me very happy. Looking at the candlestick chart, it looks to me that the […]

Yesterday I did a Buy-Write with U.S. Steel (X). I bought 5000 shares of the stock at $17.60 and I sold an $18 Call expiring this Friday. Before I did this Buy-Write I already had a 50 contract Covered Call on X. When I did the Buy-Write I did not feel comfortable purchasing another 5000 […]

I entered an order a little while ago but then I had to leave my computer to do some work at Fiore’s Pizza. I got home about 10 minutes before the close and my order was filled. The order I entered was a Buy-Write. Buy-Write is in the top menu bar under “Philosophy, Strategy & […]