Today is Super Bowl Sunday! I figured, let me get my weekly report done before I start my festivities.<\/p>\n
I only made one trade this week while I’m trying to get out of half of my U.S. Steel position. If you’ve been reading you know I own 10,000 shares and I’m trying to get that to 5000 shares without losing money. Plus, this week they were announcing earnings which added a little extra discomfort to the situation.<\/p>\n
With the stock being very volatile, this week with a pretty good report it was all over the place more than normal. On Thursday the stock had a huge jump and I was able to sell a 1 day 100 contract Call at the close to bring in 10\u00a2 ($1000). I was planning not to make a trade this week but getting a 1 day, $1000 trade made me happy. The stock closed on Friday below my $36 Strike Price so this 1 day Call expired and I keep the $1000. I also keep my 10,000 shares. Here’s my trade:<\/p>\n
Profit +$1000<\/strong><\/p>\n \n U.S. Steel had decent earnings and received an upgrade this week. I’m hoping we get a move up to help me get out of 5000 shares. The stock closed on Friday at $33.78 and I’m in at $35.73. I think I can be very productive owning 5000 shares which would free up some margin money for me to make some additional trades.<\/p>\n \n <\/p>\n Enjoy the Super Bowl!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today is Super Bowl Sunday! I figured, let me get my weekly report done before I start my festivities. I only made one trade this week while I’m trying to get out of half of my U.S. Steel position. If you’ve been reading you know I own 10,000 shares and I’m trying to get that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2628","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-Go","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2628"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2628\/revisions"}],"predecessor-version":[{"id":2629,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2628\/revisions\/2629"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain +$1000<\/h4>\n