Month: February 2017

Before this post I only had a 50 contract Covered Call involving U.S. Steel (X), expiring this Friday, March 3rd. I just sold another 50 contract Call. This can be a good lesson on one of my strategies for Grasshoppers. I sold this Call, which is Naked, for 2 reasons. The first reason is sticking […]

The market opened 10 minutes ago and my work day could be over! I own 5000 shares of U.S. Steel. With the stock down from last week I wasn’t able to get a Call sold yesterday. Today the stock opened up $1.50 and I just sold 50 contracts of the 3/3/17 $40.50 Calls to make […]

RH, formerly Restoration Hardware Holdings, Inc., is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH announced earnings on February 24th and moved up big. Today it was up another […]

I would like to welcome the new readers. We had a bunch join us in the last 2 weeks. It’s very important to read all sections of Main Street beats Wall Street. It’s also very important to read all material you can get your hands on. You are interested in a very dangerous game and […]

‘Animal Spirits’   A term used by John Maynard Keynes used in one of his economics books. In his 1936 publication, “The General Theory of Employment, Interest and Money,” the term “animal spirits” is used to describe human emotion that drives consumer confidence. According to Keynes, animal spirits also generate human trust. There has been […]

Hi Readers, I just received an email from one of the many blogs/sites I follow. It came from Tyler Chianelli, he’s the owner of the very popular blog, “Options Traders Club.”   Hi Coach, The first two months of 2017 are almost passed and my year-to-date performance inside the Options Trader Club portfolio (including LEAPS […]

Limit Order A limit order is an order placed with a bank or brokerage to buy or sell a set amount of a financial instrument at a specified price or better; because a limit order is not a market order, it may not be executed if the price set by the investor cannot be met […]

With U.S. Steel (X) continuing it’s volatility, I decided to buy 5000 shares to cover my 50 contract $40.50 Call. The stock has been up as high as $42 in the last day, and it was a little scary with a $40.50 Naked Call. Today with the stock lower I just bought 5000 shares at […]

In sticking with my “2017 Challenge” I just sold another Call on U.S. Steel (X). If you read my “2017 Challenge” you’ll see my goal is to bring in $3000 a week for the entire year of 2017. On Friday of last week I sold a 50 contract Call to start this week’s goal. That […]

Good morning readers! I hope everyone had a great 3 day weekend. I’m getting an early start! This morning the market opened up close to 100 points. However, Dick’s Sporting Goods (DKS) opened down because of a downgrade by Oppenheimer, from outperform to market perform. Even though DKS opened down it soon went up. I […]