Month: April 2018

I would like to welcome the new members to Main Street beats Wall Street. I see our readership went up about 10 from yesterday. I bought 1000 shares of RH on 1/23/18 at $102.75. The stock has been down and my money has been locked up with the stock in the high 80’s. Today the […]

I would like to welcome the new readers to Main Street beats Wall Street. Make sure you do your studying. Trading options is not a get rich quick scheme. Get your information from books, Google searches, my site, etc. If you trade carefully and with a lot of disciple you can be successful and make […]

Earlier today I sold 2 contracts of the Netflix (NFLX) 4/27/18 $345 Calls. This morning NFLX shot up to $335 and I was able to sell a $345 Call for a premium of $3.10. On the 2 contracts I brought in $620. A few minutes ago, with NFLX pulling back to $328 I did a […]

Earlier in the week I wrote about doing some Grasshopper trades to show beginning traders that you can make money even if you don’t have much money to start with. A Grasshopper trades is trading with smaller amounts of stock. When I do a Grasshopper trade it will be dealing with 100 shares of stock […]

I have 100 shares of Netflix in my Gift Account. Yesterday I bought another 100 shares going into earnings. When I bought these shares I placed an order to sell a $330 Call. I’m very happy I didn’t get filled before the market closed and earnings were announced. The earnings were great and the stock […]

Earlier today I wrote my Week Ending Results post. At the end of that post I mentioned I was gonna make some Grasshopper trades. Well, I was filled on 2 Buy-Writes and I was not filled on another. I get a lot of emails from readers informing me that they don’t have the money to […]

I continue to do a lower volume of trades due to the crazy volatile in the market, plus the few stocks I’m holding are lower than where I bought in. This week I only had 1 trade come to a conclusion. On 4/10 I sold a 10 contract Naked Call on Micron (MU). With the […]

Yesterday I sold a 10 contract Naked Call on Micron (MU) with the strike Price of $51. When I sold the Call the stock was at $49.70. When I sold the Naked Call I placed a buy order for 1000 shares of MU at $51. I did that so if MU went up I would […]

My trades are few and far in between these days. This market is just so volatile, I’m a little nervous. Also, the few stocks that I do own are below where I bought so I’m a little handcuffed. I’m just watching and waiting for my stocks to bounce back. It’s giving me a little time […]

On Wednesday, March 28th I sold a 5 Contract Covered Call on RH. It’s the only trade I have to report for the week ending 3/29/18. This was a 1 day option because last week was a shortened trading week with the markets closed on Good Friday. Owning 2500 shares of RH, I only sold […]