I have been watching U.S. Steel (X) for a while now and it’s been going down since Sept 2014. It hit it’s low of around $6 in February of this year (last month). Since March 1st. it’s been on a tear and it moved from $7 up to over $16. It looks like it leveled […]

On March 7th I bought 1000 shares of Netflix (NFLX) at $97.95. I’ve been selling Calls on the stock since I bought it with the exception of last week, I put in numerous orders but never got executed on a sale. This morning with NFLX up a bit I put in another order for an […]

This week was a strange week. If you follow “Main Street bets Wall Street” you know I am holding stock is Facebook (FB) and Netflix (NFLX) and I’ve been playing these 2 stocks like a piano. For weeks I’ve been selling options on both companies. In fact I received a few emails asking why I’m […]

I was executed on the sale of 15 contracts of Facebook (FB) 2 minutes ago. I sold 15 contracts of the 3/25/16 $113 and I received a premium of $.50. On 15 contracts the total premium is $750. I give this trade a Risk Factor of 1. This is a Covered Call on a previously […]

This was another very nice week for me. I only made 2 trades but they worked out nicely. One of the trades I actually made last week with an Expiration Date of this week. Last Friday 3/11, I sold 15 contracts of the FB 3/18/16 $112 Calls and I received a $.60 premium for a […]

On Monday, March 14th I sold a Call on NFLX. I sold 10 Contracts of the NFLX 3/18/16 $101 Calls @ $1.50 (+$1500). With the stock at $100.85 and the market rallying into the close I just bought back the Calls. I paid $.08 (-$80). I paid $80 to get out of the deal just […]

I started the week off a little aggressively. At the open Netflix (NFLX) was down about a dollar but quickly reversed and went up a dollar. I’ve watched NFLX a long time, and, time and time again I watched this stock go up only to go back down. I’m a little concerned about the market […]

This week was an interesting one. I entered three trades with “Sell to Open” trades. I also exited all three with a “Buy to Close” order. This means I did not hold any trade to expiration. More now than ever, I am in the frame of mind of grabbing profit when I can or at […]

If you read my “Message of the Day” before todays opening you’ve seen we were looking for a good day. Right now the Dow is up over 200, the Nasdaq up 75 and the S&P up 30 and we have an hour to go before the close. I have 1500 shares of Facebook (FB) and […]

This morning I sold 10 contracts on NFLX and got a premium of $1 for a total of $1000. As the last Call I sold, NFLX took a dip after I sold the Call. Last time, earlier in the week the premium went down to $.50. Today the premium went down to $.20. As it […]