Month: March 2020

I’m well aware my week ending reports have been nothing short of abnormal. The reason is these are not normal times, and I have not been trading normally. Main Street beats Wall Street is for teaching option trading; teaching beginners. I do believe there are some very experienced traders who lose a lot of money, […]

I love Microsoft (MSFT) and will be involved with this stock once the virus is gone. Today with the stock down I did a Buy-Write. I bought 1000 shares of the stock at $149.50 and sold a $150 Call to expire today. Buy 1000 Shares MSFT @ $149.50 Sell to Open 10 MSFT 3/27/20 $150.00 […]

I am really having trouble understanding this market. The DOW was up 2000 points yesterday and was up another 600 today. I completely understand the world is waiting for the U.S. government to pass the big stimulus package, but will it really help?….long term!….. Who knows? I’m trying to do as much reading as possible […]

I jumped back into my 10 Microsoft (MSFT) Calls. The vote for the stimulus  in the senate was not passed by the Dems. It doesn’t look like we’ll get the pop I was hoping for so I sold the Call on MSFT again. Sell to Open 10 MSFT 3/27/20 $139.00 C @ $4.00 (+$4000) This […]

About 3 hours ago I sold Calls on AAPL and MSFT. These Calls brought in a total of $10,000, $5000 from each. I jumped out of both for a few reasons. The Senate is about to vote on a stimulus package and I think this could move the market. If the market goes up I’ll […]

Are you ready to jump in? If you’ve been reading anything I’ve been writing you know I’m not ready. I will buy stock to cover Naked Call, if needed. And, there is another way to make money with “buy orders.” Not necessarily buying the stock but placing an order to buy a stock by selling […]

I’m still very bearish on this market, and absent of a vaccine I cannot see why it would go up. There could be days the market will react to the government making stimulation moves, but I don’t see it doing much in the long run. I see millions hitting the unemployment lines in the coming […]

Let me start by saying I hope everyone is staying safe. Try to stay in your home and quarantined. It’s not fun being locked up, not enjoying the great outdoors, but it must be done. You can still enjoy the outdoors but stay away from people. The virus numbers continue to grow so I’m doing […]

I have a bunch of readers who like Penn National Gaming (PENN). And I read a few reports a few weeks ago which were favorable. Just a few weeks ago the stock was up at $40. I think the stock is nearing a bottom so I just bought 1000 shares. Believe it or not I […]

If you are only invested in Long positions at this time you are feeling a lot of pain. Hang in there and hopefully thinks will change soon. The problem is, to get into most Short position you need to have a margin account. I’m putting a lot of time on the phone talking to friends. […]