Month: June 2017

Hi Readers! I hope everyone had a great Father’s Day. I’m a little slow with this report this week because of Father’sDay. I had my family over my house to celebrate Father’s Day and my son’s birthday. Not only did we have a great Saturday BBQ but everyone stayed over. Everyone left a little while […]

Last week I did a “Buy-Write” with Advanced Micro Devices (AMD). I bought 2000 shares at $11.98 and sold an At-the-Money $12 Call. The stock dropped a little and my Call expired so I kept the 25¢ premium. On the 20 contracts the total premium was $500. On Friday the stock closed below my Strike […]

Selling Naked Calls is still my favorite strategy. I love having Calls expire and never having to buy the stock. I just sold a Naked Call on Weight Watchers (WTW). The stock was at $29.45 and I sold the $30 Call. Selling Naked Calls is a high risk strategy so I must stay near my […]

We are half way through 2017, I would like to thank the readers for their kind comments. Blog Blurbs is a page I started a few weeks ago. If you’re interested in what the other Main Street beats Wall Street readers are saying about my site, check out Blog Blurbs. Maybe you would like to send […]

It’s Friday night and I’m home lying low. I’m hanging out thinking about this weeks trading and how excited I am about how my 3 Triple Play Hedges are working out; Weighers Watchers, Skechers and Micron. Weight Watchers is done and Skechers and Micron have one more leg to go. This is not my week […]

Last week I did a “Triple Play Hedge” with Skechers (SKX). A “Triple Play Hedge” is when I buy shares of a stock and sell three Call. In this case I bought 1000 shares of SKX at $26.75 and sold three 10 contract Call. This “Triple Play Hedge” is on it’s second leg which expires […]

Soon after the opening I did a “Buy-Write” with Advanced Micro Devices (AMD). For you Grasshoppers, a “Buy-Write” is a Covered Call where you buy the stock and sell a Call at the same time. I bought 2000 shares of AMD at $11.98 and I sold 20 contracts of the AMD 6/16/17 $12 Calls for […]

If you look at my “Triple Play Hedge” with Skechers (SKZ) in my Active Positions, you will see my first leg has expires, my second leg is covered and the third leg is Naked with a Strike Price of $28. Today with the entire market having a big day, SKZ was also having a big […]

Yesterday I did a “Triple Play Hedge” with Micron (MU). I started with 1000 shares and sold 3 Call to complete the trade. I bought the original 1000 shares at $29.85 and sold the 3 Call with the Strike Price’s of $30, $31 and $31. Shortly after I was executed on the 4 trade to […]

This morning I did a 10 contract “Triple Play Hedge” on Micron(MU). I bought 1000 shares of the stock and sold 3 Calls. With the NASDAQ down and Micron up a little I decided to buy another 1000 shares of MU just in case I need them to Cover my second Call of the “Triple […]