Month: January 2016

Is this a bear market? If it is, is this a typical bear market? I feel a typical bear market, a true bear market is as a result of the possibility of a recession. And the many problems that come along with a recession. Investor being so pessimistic on the economy that they don’t want […]

Good afternoon all, I just jumped out of my 1000 shares of Facebook (FB). I bought the 1000 shares on January 11th at $96.36. On the 12th I sold 10 contracts of this Friday’s $100 Calls and received a $1.15 premium. On the 1000 shares the total premium was $1150. I really hate the way […]

I thought I was going to spare you from an email today because I didn’t make any trades. Then I was tempted to write toward the close because it was such a bad day. The 3 major averages are down over 7% so far for 2016. But I fought off the urge. After the close […]

Yesterday I wrote that I bought 1000 shares of FB very close to the close of the market. I wanted to sell A Covered Call on the shares but I didn’t get a good opportunity. This morning FB was up to $99.90. I bought at $96.36. With a nice gain and the premiums much more […]

I keep repeating myself, “I don’t like owning stock.” But if I do I like Netflix (NFLX) and Facebook (FB). Well, I feel FB had a pretty good pullback in the last 3 sessions. I feel it can have a little bounce in the next day or so. I was going to do a “Buy-Write” […]

This morning a report came out on Under Armour (UA). Morgan Stanley downgraded the company to “underweight.” With that I sold 10 contracts of the 1/15/16 $70 Naked Calls. At the time the stock was down over 8%. Right now the stock is down 9.15% and the premium went way down. I just bought my […]

News just came out on Under Armour (UA). Morgan Stanley cuts their rating to “Underweight.” This cut in rating is causing to stock to go down. The stock is down over 8%. With the stock trading at $69.20 I just sold a Naked Call. I sold 10 UA Jan 15 $70 Naked Calls and received […]

If you look back at my Jan 7 post. I bought 500 shares of NFLX and sold 5 contracts of Covered Calls on those shares. The 5 Call Options I sold expired on Friday, that Covered Call’s Expiration Date.  Well, I still own those 500 shares so I just sold another Covered Call on the […]

I guess 2016 is off and running. Let’s get to work! This morning looking at the market I get the feeling it’s struggling to stay on the plus side. At the opening I was looking at Facebook (FB) and Netflix (NFLX) calls. Because the market was trying to hold onto to the small opening gain […]

What a 1st week! According to CNBC this was the worst week in the market in over 4 years. It’s a rough way to start a new year. You must remember, the markets move with news! Great stocks with great earnings will go down on bad news and bad stocks with bad technicals can go […]