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I was heavy in tech, and today's sell off in the nasdaq has practically put me back to yesterday morning's levels. There was a thread on home run trades, and now I've got an itch for it. I used to have a system aiming at home run trades only. I'm testing this on FIVE Jun week 2 $105 calls today...

Hey Jeff, Yes, that 2800 level for the SP500 is going to be the level to look at this Summer. I'm sure every trader on here figures that the odds are we fail at that 2800. I believe we will fail too at the first test, but we're not falling back below 2700. In fact, 2720-2740 would be my...

The PVH move today is what I saw when I traded PVH before earnings last week. I doubled down to 8 PVH Jun 160 calls at avg 2.825 betting PVH would break out of this base on base pattern.

I had PVH setting up for a breakout above $163 after this shallow base on base pattern. It also has fundamental support for the shares after a strong report just days ago. For ADSK, the guidance came in weaker. I figured investors would look elsewhere to put their money. It looked like the...

Nothing much today, just adjusting my stop on ADSK. I initially had a 50% stop loss on ADSK, but decided to remove the stop and allow it to run. The initial risk is only 2100 and no more than 1.8% of the account at this point. I'll take the full loss if it occurs, which is the same thing I am...

Homerun options used to be my kind of options. The low volatility of the past couple of years have really hurt home run trading, but it seems to be making a move back. I watched a LULU weekly 115 call just last Friday open at $1 and traded as high as $7. If you're looking to hit home runs on day...

That's a very good point. Buying the highs of an individual stock where the sector is also making new highs should give you a better return. I'd say buying highs in a bear market will work too, but that depends heavily on your target and timeline. It's not going to be like a bull market where...

What you can do is sell 1 while holding the other call with a stop loss. That's what I would do a lot when I'm not sure whether to close out the position or to let it run. By doing that, you won't get that $1900 profit, but you can at least nail half of it in addition to what you already made on...

That's true jL575, I guess everyone does have a chance to make profits in this bull market. I'm updating to adjust my stop on PVH. The other positions have gained about $5,000 today, so instead of looking to exit PVH, I want to see how it plays out to June's expiration. These are my current...

Well, this has been one heck of a bull market. I should also mention that the simplest strategies work the best, and history repeats itself. We're all humans after all. I know vanz mentioned it somewhere, but I do look for repeating patterns. Ex. I bought 2 different options in LULU not just for...

That's a nice trade. I saw ANF Friday morning taking a big hit. As for trading, the tight stop is what I've fixed over the years. In option trading, I've learned to let my stop be the entire position, especially on earning trades. So when setting up earning trades, I set them up with the intent...

Thanks Thanks newwurldmn, One thing I've learned and continue to learn in my own journal is to let winners run. I've let my winners run much longer than I used to, but by having this journal I can see that I don't let them run long enough. I'm to used to short term trades where I hold trades...

I've started a new position to park another $10K. I'm using AAPL Jul 185 calls. This will be my third 10K position, although they are actually below 10K to be exact, but close enough. With LULU continuing higher and SQ just pushing to $60, my account is holding at $105K now. I do have above $35K...

For the week, it looks like only 2 closed trades. I locked in profits on LULU jun 105 calls for +3725 and the loss on ULTA was -802. My gains for this week is about +2922. I still have those LULU Jul 110 calls and I'll hold onto to those until July. Also have that full position on NVDA using the...

Thanks, but LULU was all you and Haj, I just put some skin in that game. The only thing that kept me in were some of the strong retail earning reports. Just of the top of my head, M and TIF both rallied higher on better results, and like you said PVH popped up by 4.5 on a solid guidance. You can...

Well, I thought about using oil as a place to put about $10,000, but I've settled on NVDA using the Jul 255 calls and Aug 260 calls. I'm looking for a breakout from NVDA's cup with handle base and a steady rally to about 20% above $260 by the August option expiration date. I've also added ULTA...

I've added to PVH this morning. I still believe in the strong report last night where Q1 beat and Q2 guidance was above estimates. FY being inline did let some of the air out, but I think PVH's fundamentals are still very strong, especially compared to most of the other retailers. There seems to...