Month: May 2016

Last week I had 3 Calls sold on U.S. Steel (X),  50 contracts each. 1 was a Covered Call and 2 were Naked. The Covered Call was a $19 Call expired on Friday. 1 of the Naked Call is also a $19 Call expiring this coming Friday and the other a Naked Call expires June […]

This might have been the most satisfying week of the year. I put some really nice money in my mattress but that’s not the reason. I’ve had better weeks but going in to this week I didn’t have high expectations. It was the beginning of May, notoriously known to be the beginning of bad times. […]

I was watching U.S. Steel (X) all day and it was moving above and below my $19 Strike Price. I have 50 Naked contracts of the $19 Calls expiring today. When it was at $18.95 I decided to cover my 50 Contracts. It was moving nicely all day so I’d rather be safe than sorry. […]

It’s very difficult to write this post because I’m watching the market like a hawk. Today I’m on my lap top and going back and forth from my trading account to this page on my site. U.S. Steel (X) has been all over the the place with a low of $18.32 and a high of […]

A few minutes ago the labor released the employment numbers for April. Yesterday on Mad Money Cramer expressed great concern for the market if the numbers were not good. The numbers were not so bad but not as good as March and the lowest in 7 months. The futures are down as a result. Dow […]

I know I didn’t write my page on Candlestick Charts yet. I’ve been so busy Trading and running my business, Fiore’s Pizza. In this post I’ll be referring to a Candlestick Chart so it might be difficult for you Grasshoppers to understand. Grasshoppers, if you want to try to understand I will let you know […]

I am not a day trader! But when I have an opportunity to grab some profit I will, especially when it’s a Naked Call. Even if the exiting trade takes place in the same day as I entered the position. About 2 hours ago I sold 50 Naked contracts on U.S. Steel (X). Here’s the […]

If you read “Main Street beats Wall Street” and keep up with my trades you saw I sold 100 contracts of X with the Strike Price of $20.50 on Monday. You also saw that I bought my way out of that position yesterday with a profit of $2100. Well, today X had a little pop […]

  I have a Covered Call on Facebook(FB). On previously own 1000 shares I sold 10 contracts of the $120 Calls to expire this Friday. I sold these Calls last Friday. With the market well into “May” mode, I don’t think I’ll get assigned on these shares by this Friday. Meaning I don’t think FB […]

Yesterday I sold a Call on U.S. Steel (X). I sold 100 contracts of the $20.50 Naked Calls expiring this Friday. I brought in a premium of $3000. When I sold the Call the stock was at $19.40. The stock went up to $20.18 and I bought 10,000 shares to cover the call. It went […]