“Main Street beats Wall Street” readers who are trading, reading my emails live and watching the news, Check out NFLX! A little while ago I sold a Naked Call on NFLX and a little while after that I covered that Call. In my post I wrote, “NFLX can move $3 at any time.” Well it […]

Earlier with NFLX at $93.95 I sold 10 contracts of NFLX $95.50 Naked Calls. On a down day the stock recovered from it’s low and is up to $94.75. With NFLX being a very volatile stock I decided to cover my Naked Call. I bought 1000 shares of NFLX at $94.75. When I sold the […]

This morning Netflix (NFLX) was downgraded from a buy to a hold by Needham. With the stock at $93.95 I just sold a Naked Call. I sold 10 contracts of the NFLX 7/8/16 $95.50 Naked Calls and brought in a premium of $1.05 ($1050). With the market closed yesterday, this is a 4 day play. […]

I would like to wish all “Main Street beats Wall Street” readers a very happy 4th of July. Please celebrate safely! To answer the trivia question from my last post: 3 of our first 5 President died on the 4th of July. Can you name them? John Adams and Thomas Jefferson died one hour apart […]

BREXIT caused a lot of volatility the last two weeks. Whether it was market experience or just pure luck, I don’t know, but I played the BREXIT volatility perfectly. Last week when the announcement was about to come out all experienced “TV traders” were saying “make sure you’re fully invested.” “When the vote comes out […]

Yesterday I sold 50 contracts of AK Steel (AKS) $4.50 Calls. The stock has been moving nicely, in fact all stocks have been moving nicely! Today AKS is up 4.48%. With the market in recovery mode from the Brexit and AKS at $4.40 and raising, I decided to cover my AKS $4.50 Call. I just […]

As you might know I now own 10,000 shares of U.S. Steel (X). 5000 of those shares I bought at $15.95 and 5000 shares I bought at $17. The shares I bought at $14.95 are covering a $15 Call. The shares I bought for $17 did not have a Call sold against them until 2 […]

I sent out a trade on AK Steel a few minutes ago. While I was writing that post I entered a trade on Yelp (YELP). This YELP trade was just executed, and sticking with my policy of posting all my trades, here it is! I own 3000 shares of YELP which I bought for $28.30. […]

I just sold 50 contracts of AK Steel (AKS) Calls. I am very involved in U.S. Steel. As I watch U.S. Steel I also watch AKS. Today we are have a big up day which is a bounce from the Brexit fallout. After the worst 2 days since August many investors look at this as […]

On May 23rd I sold a Naked Call on YELP. I sold 10 contracts of the YELP $25 Calls to expire May 27th. YELP started getting upgrades from multiple banks and the stock has been moving up. On Expiration Day I had to do a Roll Out because the stock was In-the-Money. YELP has been […]