Month: October 2017

I bought 1000 shares of Weight Watchers (WTW) at $45.50 on 10/17/17 while doing a Buy-Write. I was not assigned on that Covered Call. Today I got opportunity to sell another Call. I sold 10 WTW 11/3/17 $45.50 Calls for a premium of 50¢ for $500. I really hope to get assigned so I can […]

I bought 1000 shares of Micron (MU) on 10/17/17. I sold Calls on these shares and brought in nice premiums. Today the stock is moving up and I just sold another Call for another nice premium. I sold 10 MU 11/3/17 $42 Calls for a premium of 50¢ ($500). This trade is a Covered Call […]

If you read my most resent weekly results, you know I had an $87 Call expire this past Friday. The stock closed at $86.64 and I wasn’t assigned. Today the stock is on a crazy run, and continues to run higher as I write. A little while ago, when the stock was at $88.75 I […]

The “Trump Train” continues to roll and it helped me have another very nice week. On a big down day early in the week I jumped out all my option positions. I had 3 Covered Calls expiring on the 27th and I bought my way out keeping only the stock. As the market bounced back […]

This post will be very important to understand if you want to be an options trader. On 10/20/17 I sold a 10 contract Call on previously owned 1000 shares of RH. With the stock at $82.60 I sold 10 contracts of the 10/27/17 $85 Call for a premium of $1.25 ($1250). With the market down […]

For the Main Street beats Wall Street loyal readers, you probably know I’ve been closing my option positions today. With the market down I was able to get out of all my Calls and now only own stock. As you may know, if I can get out of a position (I sold) and keep half […]

This Monday I bought 1000 shares of Weight Watchers (WTW) at $45.50 and sold an At-the-Money 10 contract Call expiring this Friday. With the selling of the Call I brought in a premium of 90¢ for $900. Today with the market sell-off WTW is also down. The premium I sold for 90¢ ($900) is down […]

I’ve owned 2000 shares of Advanced Micro Devices (AMD) for a while now. On these shares I’ve been selling Calls and bringing in nice premiums. On 9/1/17 I sold 20 contracts of the 1/19/18 $15 Calls for a premium of $1.20. These 1/19/18 Calls are considered LEAPS, long terms options. On 9/20/17 I bought another […]

I liked the way the Weight Watchers (WTW) charts looked for a quick “Buy-Write” and an exit. I bought 1000 shares of WTW at $45.50 and sold 10 contracts of the WTW 10/27/17 $45.50 Calls for a 90¢ premium ($900). I’m not looking to make any money on the stock. That’s why I sold the […]

I had another very busy weekend with basketball and family so getting to my work on Main Street beats Wall Street was near impossible. As I plan my Monday morning and my week ahead I’ll get my weekly results post done. I also had another very good week with my trading as the “Trump Train” […]