Month: November 2016

Yesterday I sold a 50 contract Call against shares of Yelp I own. I sold the 12/2/16 $39 Call and brought in $.40 ($2000). When I sold the Call the stock was at $38.55. I really didn’t want the stock to get to the Strike Price of $39 because I bought the stock in October […]

I’ve really been laying low since the election. Just watching my positions and trying to hold onto my yearly gains until we start a new year. Last week I sold 100 contracts of the U.S. Steel $32 Calls while it was In-the-Money and today the stock finally is taking a break and is down over […]

On 11/18 I sold 50 contracts of the  U.S. Steel 11/24/16 $29.50 Calls and on 11/21 I sold 50 contracts of the  U.S. Steel 11/24/16 $29 Calls. The stock has been on a crazy run lately since Trump won the election. When there is a huge run like this there is usually a little profit […]

Ever since the election and Donald Trump announcing that he will be improving the infrastructure the steel stocks have been on a big roll. Looking at the charts, it looks to me like they are running out of steam. A little pull back is to be expected after such a crazy run. Plus X has […]

For the last few months I’ve only had stock positions in U.S. Steel, Yelp, Micron and Gopro. The only stock not involved in this weeks results is Gopro. Honestly, I wish it was because I’m in a bad place with Gopro and I think it will take a while before I’m out with a profit, […]

It’s late Saturday night going into Sunday morning. Yesterday going into the close I got out of my U.S. Steel (X) positions. This entire explanation will be in my week ending report still to come. Since I got out of  my X positions at a significant loss it’s time to lick my wounds and get […]

On 10/11/16 I bought 5000 shares of Yelp at $40.86. At the time the stock was on a crazy run so I decided to hop on board. As soon as I did the stock reversed! The stock went into a free fall all the way down to the low 30’s until their earnings report came […]

This, the second week in November, is a first of it’s kind. This year I had some great weeks and some not so great weeks, but this is the first week where I have nothing to report. Being pretty much fully invested in stock and those positions lower than where I bought, I was not […]

I think we can all agree that Tuesday (Election Day) was a long, drawn out, nerve racking day. I don’t think it’s a secret how I felt about our candidates, pre-election. There was no way I was going to vote to continue Obama’s policies! Especially with a candidate as corrupt as HRC. I am also […]

Earlier in the day I put in an order to sell 50 contracts of the Micron (MU) 11/18/16 $18 Calls for $.24 ($1200) and it was just executed. This is 50 contracts sold against 5000 shares of previously owned stock so I give this trade a Risk Factor of 1. Here’s the Order: Sell to […]