I was watching U.S. Steel (X) very closely today because I have a 50 contract $18 Naked Call expiring tomorrow and the stock was up to $18.67. As the day went on the stock came down to below $18 which made me very happy. Looking at the candlestick chart, it looks to me that the […]
Month: July 2016
Sold 5000 Shares of X to go Naked
Yesterday I did a Buy-Write with U.S. Steel (X). I bought 5000 shares of the stock at $17.60 and I sold an $18 Call expiring this Friday. Before I did this Buy-Write I already had a 50 contract Covered Call on X. When I did the Buy-Write I did not feel comfortable purchasing another 5000 […]
U.S. Steel Buy-Write
I entered an order a little while ago but then I had to leave my computer to do some work at Fiore’s Pizza. I got home about 10 minutes before the close and my order was filled. The order I entered was a Buy-Write. Buy-Write is in the top menu bar under “Philosophy, Strategy & […]
Look at NFLX
“Main Street beats Wall Street” readers who are trading, reading my emails live and watching the news, Check out NFLX! A little while ago I sold a Naked Call on NFLX and a little while after that I covered that Call. In my post I wrote, “NFLX can move $3 at any time.” Well it […]
Covered NFLX Calls
Earlier with NFLX at $93.95 I sold 10 contracts of NFLX $95.50 Naked Calls. On a down day the stock recovered from it’s low and is up to $94.75. With NFLX being a very volatile stock I decided to cover my Naked Call. I bought 1000 shares of NFLX at $94.75. When I sold the […]
Netflix Naked Calls
This morning Netflix (NFLX) was downgraded from a buy to a hold by Needham. With the stock at $93.95 I just sold a Naked Call. I sold 10 contracts of the NFLX 7/8/16 $95.50 Naked Calls and brought in a premium of $1.05 ($1050). With the market closed yesterday, this is a 4 day play. […]
Happy 4th of July!
I would like to wish all “Main Street beats Wall Street” readers a very happy 4th of July. Please celebrate safely! To answer the trivia question from my last post: 3 of our first 5 President died on the 4th of July. Can you name them? John Adams and Thomas Jefferson died one hour apart […]
Results Week Ending 7/1/16
BREXIT caused a lot of volatility the last two weeks. Whether it was market experience or just pure luck, I don’t know, but I played the BREXIT volatility perfectly. Last week when the announcement was about to come out all experienced “TV traders” were saying “make sure you’re fully invested.” “When the vote comes out […]