We’ve adjusted a position in the Paid-to-Play portfolio today: [Read more…]
[Options Premium] Chemistry
Chemicals and Fertilizing stocks have been among the sectors that seem to be “benefiting” from supply shocks in the system stemming from the war in Ukraine, as well as just general inflation touching the price of everything (except tech stocks, heyooooooooo!)
The team put out a “Trade of the Week” last week in this sector that now has my attention as the stock has held on to recent gains.
Stocks in the right sectors, making multi-year highs are stocks I can’t ignore.
[Options P2P] New Trade: IBB
The next new trade in our Paid-to-Play portfolio is: [Read more…]
[Options] Managing Our Long CTVA June Calls
Mea Culpa — I’m letting this post stand because it offers two good lessons for traders:
1. The risk management laid out below is how I manage long calls heading into expiration. So anyone holding a similar position will benefit from this or a similar risk management plan.
2. It offers a lesson on keeping good records. I messed up. For ASO subscribers, we’re actually in the September calls, NOT JUNE CALLS. We have plenty of time until our position expires and therefore we actually don’t need to do anything here yet but enjoy our #FreeRide. The confusion for me is that I also have June calls on in my personal portfolio and I did not take careful notes in my personal spreadsheet. And when reviewing, I accidentally confused these June calls as part of the position we put on for ASO. So, yes, I personally will be exiting my June calls soon (as laid out below). But for those of you who followed me into our September calls trade, we’ve got time.
Sorry about the confusion.
Hello everyone! It’s the beginning of the month and during this time, I always review any open positions that have options expiring in this new month.
I reviewed our open positions with June options (LNG and MAIN) in this week’s Options Jam Session video for ASO subscribers (bookmark that link!), but I failed to mention our long June 60-strike calls in $CTVA! Somehow, it slipped my radar when I was putting this week’s presentation together.
So let me catch you up on what’s happening with this winning trade here. [Read more…]
[Options P2P] New Trade: XBI
The next new trade in our Paid-to-Play portfolio is: [Read more…]
[Options] Prepared for a Zoom in Either Direction
We play with the cards we are dealt. There is nothing else we can do. We cannot employ willpower to create market conditions into being the way we’d prefer them to be. They are what they are, it is what it is. So we work with what we’ve got.
And what we’ve got right now are a bunch of badly beaten up stocks. Many still off 60%+ from their recent highs.
Dumpster diving isn’t my favorite way to find new ideas to trade. But my man Strazza enjoys the exercise from time to time and recently, he’s uncovered some notable insider buying and unusual options activity in some former highflyers, most notably Zoom $ZM.
But first, let’s survey the damage. This probably isn’t new to many of you, but look how far ZM has fallen from its recent perch atop Momentum Mountain: [Read more…]
[Options P2P] Trade Alert: XLV closed at Profit Target
We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today: [Read more…]
[Options P2P] New Trade: XLY
The next new trade in our Paid-to-Play portfolio is: [Read more…]
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