Category: Uncategorized

About 3 hours ago I sold Calls on AAPL and MSFT. These Calls brought in a total of $10,000, $5000 from each. I jumped out of both for a few reasons. The Senate is about to vote on a stimulus package and I think this could move the market. If the market goes up I’ll […]

Are you ready to jump in? If you’ve been reading anything I’ve been writing you know I’m not ready. I will buy stock to cover Naked Call, if needed. And, there is another way to make money with “buy orders.” Not necessarily buying the stock but placing an order to buy a stock by selling […]

I’m still very bearish on this market, and absent of a vaccine I cannot see why it would go up. There could be days the market will react to the government making stimulation moves, but I don’t see it doing much in the long run. I see millions hitting the unemployment lines in the coming […]

Let me start by saying I hope everyone is staying safe. Try to stay in your home and quarantined. It’s 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’m doing […]

I have a bunch of readers who like Penn National Gaming (PENN). And I read a few reports a few weeks ago which were favorable. Just a few weeks ago the stock was up at $40. I think the stock is nearing a bottom so I just bought 1000 shares. Believe it or not I […]

If you are only invested in Long positions at this time you are feeling a lot of pain. Hang in there and hopefully thinks will change soon. The problem is, to get into most Short position you need to have a margin account. I’m putting a lot of time on the phone talking to friends. […]

I’m getting out of some of my Put positions when the market is way down. I’m hoping we get a little bounce later today, or tomorrow, so I can buy some more. A little while ago I was filled on a sell order for my 2 Apple (AAPL) Puts. On 3/10 I bought 2 AAPL […]

I little while ago I jumped out of a Nvidia Put with a nice profit. I also just exited a Carnival (CCL) position. I sold a 10 contract, $21.00 Naked Call on Friday, today I closed with an $800 profit. 3/13/20 – Sell to Open 10 CCL 3/20/20 $21.00 C @ $1.00 ($1000) 3/16/20 – […]

This is a great time to understand what a Short position is. The types of positions I’m talking about are: Short selling stock, Selling Calls and buying Puts. Buying a Put is actually a Long position but it will increase in value as the underlying stock goes down. I’m well aware I don’t preach much […]

I’m sitting in the office of Fiore’s Pizza, my pizza joint on Bleecker St, NYC. I’m extremely worried about business here in the city. The bars and restaurants are empty. I have a Chinese restaurant next door to me. I saw about 10 people in there in the last few days. His rent is $30,000 […]