Month: March 2016

This past Monday, March 28th I sold 50 contracts of Naked Calls on U.S. Steel (X). When I sold the Calls the stock was at $15.65. Hit this link and you will go to the post I made when I sold the Calls, “U.S. Steel Naked Calls.” The 50 Naked Call contracts is an option for […]

With NFLX at $103.90 I sold 5 more contracts of NFLX Calls. These are Naked Calls. At least I’m treating them as Naked Calls. I say this because I still own NFLX stock that I bought in January but I’m not using them to cover these new Calls. I do not want to loose these […]

I’m having a busy Monday. I just sold a Naked Call on Time Warner (TWX) for my third option sale of the day. This TWX deal is my second Naked Option today. Earlier I sold a Naked Call on U.S. Steel and now Time Warner. There are many indicators that point to the market losing […]

I have been watching U.S. Steel (X) for a while now and it’s been going down since Sept 2014. It hit it’s low of around $6 in February of this year (last month). Since March 1st. it’s been on a tear and it moved from $7 up to over $16. It looks like it leveled […]

On March 7th I bought 1000 shares of Netflix (NFLX) at $97.95. I’ve been selling Calls on the stock since I bought it with the exception of last week, I put in numerous orders but never got executed on a sale. This morning with NFLX up a bit I put in another order for an […]

This week was a strange week. If you follow “Main Street bets Wall Street” you know I am holding stock is Facebook (FB) and Netflix (NFLX) and I’ve been playing these 2 stocks like a piano. For weeks I’ve been selling options on both companies. In fact I received a few emails asking why I’m […]

I was executed on the sale of 15 contracts of Facebook (FB) 2 minutes ago. I sold 15 contracts of the 3/25/16 $113 and I received a premium of $.50. On 15 contracts the total premium is $750. I give this trade a Risk Factor of 1. This is a Covered Call on a previously […]

This was another very nice week for me. I only made 2 trades but they worked out nicely. One of the trades I actually made last week with an Expiration Date of this week. Last Friday 3/11, I sold 15 contracts of the FB 3/18/16 $112 Calls and I received a $.60 premium for a […]

On Monday, March 14th I sold a Call on NFLX. I sold 10 Contracts of the NFLX 3/18/16 $101 Calls @ $1.50 (+$1500). With the stock at $100.85 and the market rallying into the close I just bought back the Calls. I paid $.08 (-$80). I paid $80 to get out of the deal just […]

I started the week off a little aggressively. At the open Netflix (NFLX) was down about a dollar but quickly reversed and went up a dollar. I’ve watched NFLX a long time, and, time and time again I watched this stock go up only to go back down. I’m a little concerned about the market […]