Month: February 2017

With U.S. Steel (X) on a few day run, and my 100 contract Calls In-the-Money, it looks like I’ll finally get assigned on my shares. I have been very worried about the movement of X because of my large position. With an assignment I’ll be selling my 10,000 shares of the stock and it will […]

Earlier in the week I sold Calls against my 10,000 shares of U.S. Steel (X). I sold (2) 50 contract Calls when the stock was up a bit. The stock didn’t stay up at the price where I sold the Calls and I was able to “Buy to Close” both Calls locking in some nice […]

A few minutes ago I reported that I sold 1 of my 50 contract Calls on U.S. Steel. Well, I just bought back my 2nd Call with another “Buy to Close.” Yesterday I sold the Call for a 40¢ premium for a total of $2000. I just bought that Call back for 10¢. After bringing […]

A few hours ago I sold a 50 contract Call on U.S. Steel. I brought in a premium of 20¢ for $1000. The stock has been coming down for most of the day and I just had an opportunity to buy my way out of that Call for 5¢ ($250) so I did. I sold […]

I own 10,000 shares of U.S. Steel. Yesterday I sold 50 contracts of the $36 Calls and today I just sold another 50 contracts, only today I sold the $37 Calls. I now have 100 contracts of U.S. Steel Covered Calls. Both 50 contracts will expire this Friday 2/10. Yesterday’s Call I received a premium […]

Today the market opened flat but U.S. Steel (X) opened up. This morning X also received another upgrade by Argus. They changed their rating from a “Hold” to a “Buy.” I do like X right now but I still want out of half of my position. I would like to cut my 10,000 shares down […]

An indicator based on the belief that a Super Bowl win for a team from the American Football Conference (AFC) foretells a decline in the stock market for the coming year, and a win for a team from the National Football Conference (NFC), or the old National Football League (NFL) before the merger of NFL […]

Today is Super Bowl Sunday! I figured, let me get my weekly report done before I start my festivities. I only made one trade this week while I’m trying to get out of half of my U.S. Steel position. If you’ve been reading you know I own 10,000 shares and I’m trying to get that […]

U.S. Steel had an unbelievable day! Up $3.47! I did not make a trade this week because U.S.Steel (X) was down most of the week and I have so much riding on this holding. If you keep up with “Main Street beats Wall Street” you know I own 10,000 shares of the stock, my only […]