Month: September 2016

I just made my first trade of the week which falls under my “1 Week/1%” strategy. I’m being very curious because of the Fed meeting next week. It they raise rates I think the market will take a hit. They’re going to have to raise rates sooner or later so when a meeting is upon […]

Today is Sunday, September 11th. As a retired New York City firefighter, I am always involved in some events remembering the horrible day. There are many memorials services all over the city. From small ones at individual firehouses, to larger ones at permanent memorial sights or the big service at ground zero. Sometimes I even […]

On Tuesday the 7th I bought 1000 shares of Yelp and at the same time I was also trying to sell a Call to complete a “Buy-Write.” I ended up buying the stock but was never executed on the sale of the Call. This was to be a Call expiring today! Well, today I went […]

On this past Tuesday (2 days ago) I sold 100 contracts of the U.S. Steel (X) 9/9/16 $39.50 Calls. This Call gave me a premium of $.41 ($4100). X is down today and it looks like I will not have to deliver the 10,000 shares because the Call expires tomorrow. As we know anything can […]

Earlier today I was trying to execute a “Buy-Write” with Yelp. I wanted to buy 1000 shares of the stock and sell the $39.50 Call to expire this Friday the 9th. Well, it didn’t work out the way I wanted it to. A true “Buy-Write” is done on one trade but I usually do it […]

I sold a Call on U.S. Steel about 10 minutes before the close and sent out a post. I checked my email to see how the post looked and it wasn’t in my email. I have no idea what happened but for some reason the email didn’t go out and the post didn’t get posted […]

First day back from a long weekend and I’m off and running. I just completed a “Triple Play Hedge.” This strategy might not be for Grasshoppers because it could get a little complicated. Please hit the link and read my page on the strategy. A Triple Play Hedge is a strategy I came up with […]

Today is Labor Day, Monday September 5th. I’m a little late with my results post but it’s been a very busy three day weekend. Saturday I had 40 – 45 people at my house for a memorial BBQ for one of my best friends, Scott Davidson. Scott was a NYC firefighter who made the supreme […]

Right at the close I made two moves. One with Yelp (YELP) and the other with GoPro (GPRO). I had a Covered Call on Yelp. I owned 5000 shares at $38.38 and I had a $39 Call sold expiring today. With two minutes to the closing bell and Yelp at $38.78, it was clear it […]

The market opened higher and soon after the open the market was up triple digits. This was as a result of a good August jobs report. “Main Street beats Wall Street” readers know I have a 100 contract Put on U.S. Steel (X) which expires today. The Strike Price for this Put is $19.50. If […]