Month: March 2020

I’m getting out of some of my Put positions when the market is way down. I’m hoping we get a little bounce later today, or tomorrow, so I can buy some more. A little while ago I was filled on a sell order for my 2 Apple (AAPL) Puts. On 3/10 I bought 2 AAPL […]

I little while ago I jumped out of a Nvidia Put with a nice profit. I also just exited a Carnival (CCL) position. I sold a 10 contract, $21.00 Naked Call on Friday, today I closed with an $800 profit. 3/13/20 – Sell to Open 10 CCL 3/20/20 $21.00 C @ $1.00 ($1000) 3/16/20 – […]

This is a great time to understand what a Short position is. The types of positions I’m talking about are: Short selling stock, Selling Calls and buying Puts. Buying a Put is actually a Long position but it will increase in value as the underlying stock goes down. I’m well aware I don’t preach much […]

I’m sitting in the office of Fiore’s Pizza, my pizza joint on Bleecker St, NYC. I’m extremely worried about business here in the city. The bars and restaurants are empty. I have a Chinese restaurant next door to me. I saw about 10 people in there in the last few days. His rent is $30,000 […]

With United Airlines (UAL) at $50.50 and up about $3 on the day I sold 10 UAL 3/13/20 $48.50 Calls. This is a dangerous trade because the stock was $2 In-the-Money. I feel this coming Friday UAL will be below my Strike Price of $48.50. As I write the stock is falling and it’s already […]

There is no doubt the craziness will continue this week. We need a vaccine or some good news with the coronavirus very soon. Here in NYC I hear a lot of businesses are hurting. I own a pizza place in the heart of Greenwich Village and the foot traffic seems to be way down. My […]

I had an order in most of the day and I was filled right at the close. I bought 100 shares of Netflix (NFLX) at $381.60 and I put in an order to sell 1 contract of the 3/6/20 $385.00 Call. Going into the close the market shot up about another 300 points and the […]

I sold a 10 contract Call this morning on Weight Watchers (WW). The stock dropped back a little so I decided to Cover the Call by buying 1000 shares of the stock at $29.98. Buy 1000 Shares WW @ $29.98 I now own the shares to deliver at my Strike Price of $31 if needed. […]

Everything is up today, but I like Apple (AAPL) more than most because they announced they were starting up production operations in China. Production was stopped with the coronavirus. AAPL is a great company so even if it pulled back with market volatility I think it will always bounce back. I bought 100 shares of […]

This market continues to be extremely volatile. I’ve been making a lot of trades that don’t fit into my normal trade strategy. Many of them are buying Puts on my positions. I haven’t been reporting them because they are not part of my teaching with Main Street beats Wall Street. I’m hoping I’ll write a […]