Month: October 2017

There was just a report that there is unusual activity in Call buying in Arconic (ARNC). I’m thinking the stock will go up in the next week or 2. I bought 1000 shares at $27.53 and sold 10 contracts of the 10/20/17 $28 Call. This stock doesn’t have weekly options so I sold the Call […]

Just yesterday I bought 2000 shares of RH @ $75.08 and sold a 20 contract Call for a premium of $1 for $2000. With RH up over $3 today and my account looking very nice, I decided it take a little less money and get out of half of my Covered Call. I sold 1000 […]

Today a nice report came out on Snap (SNAP). Credit Suisse raised the price target to $20 and some analyst feel Snap is taking appropriate steps to bolster it’s technology offering to make it easy for advertisers to work with the social media formate. I’m looking to sell a $15 Call but I think it […]

A little while ago I posted that I bought 2000 shares of RH at $75.08. Well, I decided to take a $1 premium for a 20 contract $76.50 Call expiring this Friday. This is a Covered Call so the trade gets a Risk Factor 1. Sell to Open 20 RH 10/13/17 $76.50 C @ $1.00 […]

I had 2000 shares of RH until I was assigned this past Friday as the result of an option I sold closing In-the-Money. Yesterday the market was open for the holiday but I wasn’t near my computer, I took the day off. In a very low volume trading day RH was down big. Today the […]

Hi Readers, I just added a new section in the main menu bar of Main Street beats Wall Street. If you hover your cursor over “Precious Metals & Real Money News” a drop down box will open. So far the section has 2 pages:  “Contributing Writer III” and “An Overview to the Precious Metals Markets.” […]

September, traditionally the weakest month for the stock market. Balderdash! Not on the Trump Train! Speaking of the Trump Train, is this market moving so well because the fundamentals are so much better than last year and The Donald’s choo-choo is fictitious, or are we on a legit freight train powered by Trump optimism? Unemployment […]

I was just executed on a 2 day “Buy-Write” with RH. I bought 1000 Shares at $75.90 and sold 10 contracts of the RH 10/6/17 $76 Call receiving a $1 premium ($1000). This trade is a 2 day Covered Call so I give it a Risk Factor 1.   Buy 1000 Shares RH @ $75.90 […]

I owned 2000 shares of RH the last few weeks and I’ve been bringing in some nice premiums. This Monday I sold a 20 contract $73.50 Call against these shares. Today the stock was up big to $77. I felt the stock was gonna start pulling back so I sold half of my stock position […]

I just heard a story on the airlines companies on the “Half Time Report” on CNBC. One of my favorite shows. And my favorite segment is when the Najarian Brothers talk about unusual Activity. They cover stocks that have an unusual amount of options being bought. Today Jon was covering Jetblue (JBLU). He reported that […]