My last post I reported the 1000 Naked Call contracts I sold on U.S. Steel. While I was writing that post I had to cover that Call because X was moving fast. I bought 10,000 shares of the stock for $12.18. I really don’t like owning 10,000 shares of this stock. You might think I’m […]

Today is the first trading day of May. Traditionally May is the start of a sideways or down market. Please go to my Message of the Day on the site and see what I have to say. Staying with my strategy I just sold a Naked Call. It’s another big one! I sold 100 contracts […]

It’s early Sunday and I just returned home from Boston. I love traveling and seeing other places but I love returning home to NYC. Plus the drive up 95 from NYC to Boston is not the most pleasurable one. Especially in damp cold weather. I back at my desk writing my week ending results and […]

At the close, I mean with 30 seconds left in the trading day, I made 2 trades. The 1st one was a Call on my 1000 shares of Facebook (FB). This is the last trading day of April and Monday will be May 2nd. Traditionally May is not a good month for the stocks. I […]

I’m a little concerned with my U.S. Steel (X) position. I have 100 Naked contracts sold of the $19 Calls expiring today. If the stock closes above my $19 Strike Price I have to deliver 10,000 shares at $19. As I write the stock is at $18.90 but is has already been up to $19.48 […]

I just got back to my computer. My wife had surgery on Monday for a torn meniscus and today she started physical therapy. Before I brought her I put in 2 orders. I was executed on both. I’m sorry I wasn’t near my computer to report when they were executed but we must take care […]

Hi “Main Street beats Wall Street” readers! As you probably know I was on a motorcycle run to Kew West Fla. We had a great time; everyones home safe and I’m back in my office in NYC. Life cannot only be stuck in an office making money. Once in a while you must have some […]

I am at our destination on our memorial motorcycle ride, Key West, Fla. Having said that, this is probably not the best time to be making this post. But keeping up with my dedication to “Main Street beats Wall Street” there are a few things I must report before I get back to the group […]

Hi all, I’m not near the market too much today and tomorrow because I’m on another motorcycle trip in Fla. Me and about 20 friends do this trip every year. It’s a ride from Ft. Lauderdale to Key West. It’s a memorial ride for one of our friends who lost his life in a motorcycle […]

If you read “Main Street beats Wall Street” or you get my emails you know I have a Naked Call on U.S. Steel (X). Well, AK Steel (AKS) is also a steel company and moves pretty much the same as U.S. Steel. Both stocks have been moving up since February. I have a Naked Call […]