Month: June 2016

Yesterday I sold 50 contracts of AK Steel (AKS) $4.50 Calls. The stock has been moving nicely, in fact all stocks have been moving nicely! Today AKS is up 4.48%. With the market in recovery mode from the Brexit and AKS at $4.40 and raising, I decided to cover my AKS $4.50 Call. I just […]

As you might know I now own 10,000 shares of U.S. Steel (X). 5000 of those shares I bought at $15.95 and 5000 shares I bought at $17. The shares I bought at $14.95 are covering a $15 Call. The shares I bought for $17 did not have a Call sold against them until 2 […]

I sent out a trade on AK Steel a few minutes ago. While I was writing that post I entered a trade on Yelp (YELP). This YELP trade was just executed, and sticking with my policy of posting all my trades, here it is! I own 3000 shares of YELP which I bought for $28.30. […]

I just sold 50 contracts of AK Steel (AKS) Calls. I am very involved in U.S. Steel. As I watch U.S. Steel I also watch AKS. Today we are have a big up day which is a bounce from the Brexit fallout. After the worst 2 days since August many investors look at this as […]

On May 23rd I sold a Naked Call on YELP. I sold 10 contracts of the YELP $25 Calls to expire May 27th. YELP started getting upgrades from multiple banks and the stock has been moving up. On Expiration Day I had to do a Roll Out because the stock was In-the-Money. YELP has been […]

On May 19th I sold 50 contracts of U.S. Steel $15 Calls expiring July 15th. X has been running lately and I was getting worried on Expiration Day the stock was going to be $2 or $3 In-the-Money, which would leave me in a tough situation since it’s a Naked Call. Well, today with the […]

This was a pretty good week for me, considering the week ended with the UK leaving the EU. On Thursday every professional was advising to stay fully invested with long positions because they were so sure the Brits were going to vote to remain in the European Union. Well, Wall Street can be beat! I […]

We have a few minutes before the close and I was looking for a stock that has been moving very well lately. I’m looking to take advantage of some good prices but I want a stock that’s on a roll but down today only because of the Brexit news. The stock I picked, which has […]

I Just bought 1000 shares of YELP at $28.40 to cover my Call. I really don’t want to own stock but I have a YELP $28.50 Call expiring today and the stock has been moving well with a few upgrades this week. I hope YELP closes above my Strike Price of $28.50 so I get […]

As you might know I am deeply involved in U.S. Steel (X). On June 6th I sold 50 contracts of the X $16.50 Calls and brought in a premium of $1150. After I sold this Call, all kinds of news has been coming out on the world steel suppliers, mainly involving the U.S and China. […]