Month: August 2016

I started today early! I really didn’t want to make any more trades this week. I started the week off nicely yesterday with a $3000 gain on the sale of my U.S. Steel (X) stock, plus I have two options working involving a Call on Yelp and a Put on GoPro. The week was shaping […]

Good morning Readers! I’m getting the week off to a quick start. Before I get into how, I would like to apologize for my last post which was “Results Week Ending 8/26/16.” I wrote that post late Friday evening and I think I was falling asleep lol. I do not consider myself a writer but […]

It was another very nice week! I really didn’t do too much trading. I only had two positions expire on Friday. The two trades involved Yelp (YELP) and U.S. Steel (X). I did make two trades on Friday which will expire next Friday, Sept 2nd. One with Yelp and the other with GoPro (GPRO). Let’s […]

I just got off the phone with an old friend of mine. And yes we were talking options! Before he called me, I put in an order to sell a Put on GPRO. As we were talking my order was executed. I already have 50 contracts of the $15 Calls sold that don’t expire until […]

Today I have two options expiring. One is a 100 contract $20 Put on U.S. Steel (X) and the other is a 30 contract $39 Call on Yelp (YELP). I hope I’m not speaking to early, but it looks to me like these two options will expire without and stock changing hands. As I write […]

I just sent out a post on selling 100 contracts of U.S. Steel Puts. I noticed I made a mistake in my order form in that post. I wrote in the order form that I sold 1000 contracts and the actually amount is 100 contracts. Sorry for the extra “zero.” Here’s the correct order: Sell […]

Most “Main Street beats Wall Street” readers know I have a 100 contract Naked Call on U.S. Steel (X). This Call has a Strike Price of $21 and an Expiration Date of January 20, 2017. When you have a Naked Call you are always worried and want to cover the Call if you get a […]

A little while ago I reported that I bought 5000 shares of yelp to cover a 50 contract Call. I did buy 5000 shares but I only sold 30 Contract on Friday not 50 contracts.   Sorry for the mistake and the extra email!   Steve The Options Coach

This past Friday I sold 30 contracts of the Yelp 8/29/16 $39 Calls. The stock was down a little this morning so I just bought 5000 shares at $38.38 to cover my Call. When I sold the Call it was a Naked Call so I gave the trade a Risk Factor of 5, but with […]

I’m awake early this Saturday morning! I figured let me get my “Week Ending Results” report written because I have a busy weekend ahead of me. I can see I’m getting a lot of hits on the site and we have a few new people who signed up to receive my post via email. I […]