Category: Uncategorized

With United Airlines (UAL) at $50.50 and up about $3 on the day I sold 10 UAL 3/13/20 $48.50 Calls. This is a dangerous trade because the stock was $2 In-the-Money. I feel this coming Friday UAL will be below my Strike Price of $48.50. As I write the stock is falling and it’s already […]

There is no doubt the craziness will continue this week. We need a vaccine or some good news with the coronavirus very soon. Here in NYC I hear a lot of businesses are hurting. I own a pizza place in the heart of Greenwich Village and the foot traffic seems to be way down. My […]

I had an order in most of the day and I was filled right at the close. I bought 100 shares of Netflix (NFLX) at $381.60 and I put in an order to sell 1 contract of the 3/6/20 $385.00 Call. Going into the close the market shot up about another 300 points and the […]

I sold a 10 contract Call this morning on Weight Watchers (WW). The stock dropped back a little so I decided to Cover the Call by buying 1000 shares of the stock at $29.98. Buy 1000 Shares WW @ $29.98 I now own the shares to deliver at my Strike Price of $31 if needed. […]

Everything is up today, but I like Apple (AAPL) more than most because they announced they were starting up production operations in China. Production was stopped with the coronavirus. AAPL is a great company so even if it pulled back with market volatility I think it will always bounce back. I bought 100 shares of […]

This market continues to be extremely volatile. I’ve been making a lot of trades that don’t fit into my normal trade strategy. Many of them are buying Puts on my positions. I haven’t been reporting them because they are not part of my teaching with Main Street beats Wall Street. I’m hoping I’ll write a […]

What a crazy last 2 weeks! I have not been writing much for a number of reasons. I’m gonna try to catch up a little with this email. First I’m gonna give you the last 2 Weekly Results. This is weeks ending 2/21/and 2/28. Let me be very clear. I brought in some nice money […]

I previously owned 1000 shares of Weight Watchers (WW). Clearly I’m not buying stock today. On my shares I just sold a 10 contract Call. I bought 1000 the shares at $39.40. Today the stock is down with everything else. With the stock at $35.40 I sold a 2/28/20 $39.50 Call for a premium of […]

On 2/10/20 I bought 400 shares of Gilead Sciences (GILD) at $68.90. At that time I also sold a 4 contract Call for a premium of $1.25 for $500. I did not get assigned on this Covered Call so I still own the 400 shares. Today the stock is moving up on the coronavirus fear. […]

The market is on the move again today. I had some money available in my account so I bought 500 of Micron (MU) at $59.25. Buy 500 Shares MU @ $59.25 I also put in an order to sell a 5 contract Call. So far I was not filled on the order. I’ll send an […]