Let me start by saying I hope everyone is staying safe. Try to stay in your home and quarantined. It\u2019s not fun being locked up, not enjoying the great outdoors, but it must be done. You can still enjoy the outdoors but stay away from people. The virus numbers continue to grow so I\u2019m doing my part. The hospitals are getting overwhelmed. Try not to become a statistic and take a hospital bed. I live in NYC which is a hotspot right now. I\u2019m staying on my property trying to stay healthy. Remember, health is wealth!<\/p>\n
My daughter lives about an hour from me. I miss her, her husband and the grandkids, but I think it\u2019s better to quarantine right now to keep everyone safe. Until the numbers start to go down.<\/p>\n
My son, I\u2019m a little worried about. He\u2019s a NYC Firefighter. He\u2019s out there! I told him to keep his body strong. Eat healthy, no drinking, and exercise. He\u2019s constantly out on emergency runs and he\u2019s with other firefighters in the house. The chance of exposure is much higher for him. If he keeps his body strong, if exposed, he might be able to fight it off. He\u2019s young enough.<\/p>\n
Let\u2019s get into the market. I just had the biggest week of bringing in premiums since I started Main Street beats Wall Street<\/strong>. Even with this great week my account is way below where it started on the 1st of the year.<\/p>\n The market started the big drop around 2\/24. Along with the entire world, my account took a big hit. The first week and a half I got crushed. I went down 30%. The last week and a half I was bailing out of positions and started my \u201cShort\u201d campaign. I got to the point where my account was staying around even because I had Long & Short positions. If the market went down 2000 points my shorts did well. If the market went up 2000 points my Longs did well. With the market continuing a down trend I got out of more Long positions and built up my Short position. My Short positions consist of Short Selling, Selling Naked Calls and Buying Puts. Buying Puts is a Long position but increases in value when the market goes down so I put these positions in the Short category.<\/p>\n I sent out a post earlier this week with a list of my Short positions, and I added to that as the week went on. I\u2019m sorry I\u2019m not posting all my position but there are just too many. I\u2019m concentrating on building my account back. If I post all my trades I\u2019ll be typing all day. I sent out a list of my Short position on the 18th. You can see that post at My Short Positions<\/a><\/span>. It\u2019s a long list and I added more later on the 18th and more on the 19th. I know it\u2019s sounds crazy but between getting out of my Short Selling position with Delta (DAL), a Put with Apple (AAPL) and my Naked Calls expiring, I brought in a total of $27,450.<\/strong>\u00a0My account did not go up by this amount because I still have a number of Long positions but adding the $27,450 did not hurt. At the lowest my account was down 30%. At this point it\u2019s down 22%. The Short position definitely stopped the bleeding, and my account in on it\u2019s way back up while the market still drops. Remember my account was up 101% last year so I\u2019m in OK shape.<\/p>\n In this time of small businesses going under and people getting laid off, It\u2019s nice to know there is a way to bring in money. This is so important! If the market is open, us as option traders, we still have a way to make money and take care of our families.<\/p>\n I would like to welcome the new subscribers. If anyone want to see the trades I made the week that are not on the list in the 2\/18 post, or if you have any question, send me an email.<\/p>\n