Took a loss on the LRCX calls today. Still holding FB, ADBE, and GS calls along with 1 GBTC sh I bought at 1694 Friday afternoon. Also added OSTK Dec 55 call @ 2.45 today. I missed out on the OSTK run, but just trying to catch that tail end to $60. Or $65?
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My trades
- Thread starter optionsinvestor
- Start date
Closed out both OSTK and GBTC this morning. Thought GBTC was done at 1986. I was wrong as it has jumped above 2200 now. Looks like I left 10% on the table there. Still holding onto GS and FB calls. I also added to ADBE Dec 175 call this morning even as shares have fallen to $171 level. Earnings are due Thursday afternoon and I still think ADBE goes above $180 on a strong guidance. We already know last quarter's number from its guidance a couple of weeks ago. It will be what happens to guidance for the current quarter and into 2018.
As for GS, I thought it would break $255 on Wednesday afternoon when the FOMC announces its report. It seems like GS wasn't waiting for Wednesday as shares pushed right through its 52-week highs at $255.15 going as high as $257 before holding above $256. At this point, we could get some momentum run into tomorrow's FOMC announcement. That's where I'll lock in profits.
As for FB, if it can't break $180 today, I'll be looking for an exit tomorrow. The BABA calls were most helpful, but smaller trades like OSTK +237 and GBTC +282 have helped push the account to 7,400 with unrealized gain. It's not over until I lock in gains.
As for GS, I thought it would break $255 on Wednesday afternoon when the FOMC announces its report. It seems like GS wasn't waiting for Wednesday as shares pushed right through its 52-week highs at $255.15 going as high as $257 before holding above $256. At this point, we could get some momentum run into tomorrow's FOMC announcement. That's where I'll lock in profits.
As for FB, if it can't break $180 today, I'll be looking for an exit tomorrow. The BABA calls were most helpful, but smaller trades like OSTK +237 and GBTC +282 have helped push the account to 7,400 with unrealized gain. It's not over until I lock in gains.
Got a second chance to close out some of these positions and closed out GS and FB this morning. I'll hold ADBE through earnings. As for MU and PYPL that I bought yesterday, I'll also hold these two. PYPL calls are Jan expiration so there's time. MU is play on next week.
Back from the flu, and that midwest freeze. I happened to be in the midwest at the wrong time of the year. But moving on, I removed some profits and I am starting this year with $5,000 in cash along with the PYPL position that I've been holding.
Today, I've started adding some positions. Bought AAPL Jan $175 calls, BA Jan $305 calls, and NFLX Jan $207.5 calls. I'll also add the ADBE Feb 185 calls today. I'm more than likely late to these trades, but the next 2 weeks should be smooth.
Today, I've started adding some positions. Bought AAPL Jan $175 calls, BA Jan $305 calls, and NFLX Jan $207.5 calls. I'll also add the ADBE Feb 185 calls today. I'm more than likely late to these trades, but the next 2 weeks should be smooth.
Added that ADBE Feb 185 calls towards the end of day just below $6.00. I'm set for the next week to start this year. I'll adjust positions as the market moves.
Closed out PYPL and BA calls yesterday. That BA move to $319 was huge in 3 days worth of trading from about $303. Those BA Jan 305 calls jumped from about $3.30 to $14.00. That's a gain I'll take any day. I am going to close out the AAPL position today. That AAPL move just isn't happening. NFLX and ADBE are both holding up well.
Looks like I got out of the BA calls too early. Not going to do the same to those ADBE and NFLX calls. Both are moving higher with the NFLX one already showing 150% return while ADBE is at a solid 100% return. After watching JPM's price action and strong guidance for FY2018 following the tax bill, I will take on a position on GS as it heads into earnings next week. I like this trade and we could see GS above $265 post earnings. GS Jan 257.5 calls are my choice.
Closed out NFLX at $16.40 yesterday. I decided to hold onto the ADBE Feb calls, and as for GS, had to close that one this morning on the drop. Although it opened at $260 shares of GS kept falling from that open to a low at $250. The position was closed out for a small gain, but not what I wanted. Right now, I'll just stick to the ADBE Feb 185 calls and see how things turn up after Friday.
Still holding that ADBE Feb calls, but I'm adding FB Feb calls today too. That drop in FB from $188 to $180 was clearly over done, and buyers are coming back. I expect to see $190 and higher on FB by February barring a meltdown of the market.
NLFX reports tonight and the stock is running higher into its earning report. As much as I liked NFLX and it has given me profits, I think there's going to be a sell the news this quarter. I am taking a put position now to set up for the correction. A target of 210 is possible here.