Netflix (NFLX) continues to move multiple points in the same day. Yesterday NFLX was up to 93 and down to 88. When it was up around 92 I sold 10 contracts of the $95 Call expiring this Friday. As you know when selling Call Options you have Time Decay on your side. If the value […]

The market has been moving pretty well the last week or so. Oil is up and it looks like we’re in a little rally. I’m not sure if I trust it but NFLX is up $2.60 right now so I just sold 10 contracts to take advantage of the higher premium. I really don’t want […]

In hopes of a market recovery I just bought 500 shares of FB to up my position to 1500 shares. I got in at $100.50. Here’s the order: Buy 500 shares FB @ $100.50 Come on FANG! Let’s Go!   Steve The Options Coach

We have a little over an hour before the opening and the futures point to a strong start to the market. Right now the Dow futures are at +115, Nasdaq +42 and the S&P +15. Oil is up and gold is down. This all points to an up day; at least a strong opening. If […]

I am making this post as my week ending post because this week I didn’t make any trades in my normal fashion, but I did make a bunch of Day Trades. Day trading is specifically buying and selling stocks and options within the same trading day.  Strictly, day trading is trading only within a day, such […]

While I wait patiently for the market to hit a bottom to continue trading, I added another page to Main Street beats Wall Street. This page is for beginners. I call it Grasshopper. It’s located in the main menu bar. I included the new page below. The market is taking another beating today. The futures […]

Well Federal Reserve Chair Janet Yellen has spoken. In both her opening statement and while answering questions from the House Financial Services committee she played down the risk of a U.S. recession and said she doesn’t foresee needing to cut interest rates, which the Fed raised two months ago for the first time in eight […]

Concerns are building over the banks. The world banking system is in bad shape! For sure investors are getting spooked because of the 2008 banking collapse. The banks do have problems but the general consensus is this is not a return to a credit crisis. But I say, if the interest rates go down again, […]

I received this very interesting article from a good friend of mine via email. My friend’s name is John Cuilla. John is very much into researching numerous financial markets but his concentration is in precious metals. John will be a contributing writer for “Main Street beats Wall Street”, writing about all aspects of the world […]

This market is as crazy as ever! Yesterday, Friday was as bad as any. I did make a trade this week but I might end up regretting it. I’ve been staying away from trading because of the way the market has been but I guess it’s in my blood. Facebook (FB) came out with unprecedented […]