Facebook (FB) has been all over the place today. The low was $111.90 and the high was $113.32. When it was at $113 I sold a Call. I felt it was hitting resistance and would not go much higher. If thats the case I would get the highest possible premium for the day. Right now […]

The crazy trading day continues! I am very sorry for so many emails but “Main Street beats Walls Street” is all about seeing my trades as I make them. And today I happen to be making a lot of trades. Early in the day I did a Triple Play Hedge. I asked the readers to […]

You must go to the link GPRO Calls. This is a post I wrote on Jan 22, 2016 where I sold a Call on GPRO. I’ve been holding GPRO since I bought 2000 shares on Jan 5, 2016 for $19.89. On Jan 4th with the stock at $18.50 I sold 20 contracts of GPRO $20 […]

To understand this Triple Play Hedge trade, you should first read the page on the site. And you should understand what hedging is. For me to completely explain my Triple Play Hedge, this post, which is an email, will get too long.  Basically, when you hedge a position you get into a second position that will make money […]

Good morning! It’s 10:20am Monday morning and I already made 6 trades. This post I’ll talk about 2 of them then I’ll write another post for the other 4 trades. As I’m writing I just got executed on another trade. This is live trading! You’re getting them as I make them! The first 2 trades involve […]

This was another great week! (All details below). I say “another great week” because last week I pocketed $8500. I know I can’t do this every week, but if I could it would be close to a half million bucks a year. Not a bad goal to have. At least not a bad dream to […]

This Wednesday, March 30th I sold 5 contracts of NFLX 4/1/16 $104 Naked Calls. You can see the post by hitting the link, More NFLX Naked Calls. I just bought 500 shares of NFLX to cover that Call. Actually, I didn’t buy the stock to cover my Call I bought the shares because NFLX was […]

This past Monday, March 28th I sold 50 contracts of Naked Calls on U.S. Steel (X). When I sold the Calls the stock was at $15.65. Hit this link and you will go to the post I made when I sold the Calls, “U.S. Steel Naked Calls.” The 50 Naked Call contracts is an option for […]

With NFLX at $103.90 I sold 5 more contracts of NFLX Calls. These are Naked Calls. At least I’m treating them as Naked Calls. I say this because I still own NFLX stock that I bought in January but I’m not using them to cover these new Calls. I do not want to loose these […]

I’m having a busy Monday. I just sold a Naked Call on Time Warner (TWX) for my third option sale of the day. This TWX deal is my second Naked Option today. Earlier I sold a Naked Call on U.S. Steel and now Time Warner. There are many indicators that point to the market losing […]