My trades

jeffalvinson said:
OI, is it possible when the SP500 hits its record high value of 2872.87, we could see a short term sell off?
Possibly from those investors who bought that record high 8 months ago might be thinking,
"damn, 8 months to get back to breakeven, I am bailing!
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Heck yea Jeff, that's the kind of record high I am actually looking for. That's why I'm heavy in AMZN and GOOGL right now leading to the highs. I've got no real targets on those two individual stocks, but more of a target on the SP500. Once that SP500 hits the high, I'll be exiting these two positions fast. I'm looking for the SP500 to hit this on Monday, but it looks like we could get there sooner. It may hold at that level for 1-2 days, but then there's really nothing else in news that could keep it here and like you've said a lot of the breakeven investors will be bailing out. Only thing for me right now is that GOOGL's not doing what AMZN is doing today, I'm showing an unrealized loss of -1650 on GOOGL calls while I have a +6900 on AMZN calls. A tale of 2 trades isn't exactly what I was looking for here. Once these weak buyers are all out though, we could jump into that next leg leading higher.

I've added to the TSLA Aug 370 calls, but also hedged it using Aug 10 $360 puts.
 
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Dow 30 just pulled back to its rising 400ma micro uptrend.
Lets see if it rallies or tanks?

[Dow 30, 2 days, 5 minute candles, 400ma, Pivot Points]



8_9.png
 
The Nasdaq and SP500 are a mile above there rising 400ma micro uptrend (gray line).


[Nasdaq, 2 days, 5 minute candles, 400ma, Pivot Points]
comp.png


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[SP500, 2 days, 5 minute candles, 400ma, Pivot Points]
sp500.png
 
That SP500 is within points of hitting highs now. I think if GOOGL also followed AMZN leading techs higher, we might have hit that high already. Either way, I'm unloading AMZN calls here and rolling them up. I also locked in the TSLA Aug 10 360 puts I bought this morning as a hedge. Trade went from avg $570 to $989 avg exit on these puts. The hedged position worked perfectly. I'm still showing a net loss, but much lower as those 370 calls are losing much less premium. The gains on AMZN were just under +7700. I'll hold the remaining 2 calls on AMZN 1900 calls and let them run until the SP500 hits that high.
 
I initially went with 300 sh of TTD at $93. But then I've also added TTD Aug 10 $100 calls. I'm going to switch out of those 300 shares and just play the calls. This one's a mover, and I prefer limited risk.
 
Thank you for posting your trades. Did not get any trades in today. Maybe, tomorrow. Had some errands to run so, took some time off today.
 
smallfil said:
Thank you for posting your trades. Did not get any trades in today. Maybe, tomorrow. Had some errands to run so, took some time off today.
More...

Your welcome, they help me review too. On the broker's pnl, it's just a bunch of numbers, but on here I can comment on it and I can see how I've added to certain positions and how heavy I'm in certain positions/sectors. This gives me a better clue on where most of the gains are coming from.

I'm all out of the TTD shares in into those TTD Aug 100 calls with earnings out in the after hours. I'm looking for a gap higher on TTD, but I'm only using the profits from this morning's exit on ROKU so if this turns out bad, it'll just be a wash.
 
I'm going to have to see how I've fair so far in these earning trades, but I do feel like this week was a near perfect week on earning trades. The only one I missed so far is that WTW call spread that turned out to be a dud. If TTD can hold these levels by tomorrow morning, then my TTD Aug 10 $100 calls should be in great shape. After hours currently show shares at $111.80 +18.49. I also added 250sh of TTD in the after hours at $105.00 betting on a 20-30 pt open on TTD tomorrow.

On the momentum side of my trades, it looks like I jumped out of the TSLA Aug 10 360 puts right in time too. This position was used as a hedge on my long TSLA Aug 370 calls. I was able to lock in +$3k on these puts, but that currently is not enough to offset the -4100 unrealized loss I currently have on the 370 calls. I was also able to lock in gains on AMZN Aug 1900 calls at +$7.6k while still holding 2 more of those calls. I went big on AMZN and GOOGL and ended up with over $26k total in both positions as I was betting big on FANGs to push the SP500 into that record level. Unfortunately, GOOGL Aug 1270 calls didn't follow through like AMZN and I'm looking at an unrealized loss of -3500 on those GOOGL 1270 calls.

I also closed out some losers like NXPI and QRVO calls as well taking losses in both. Overall this week, I'm looking at hitting 3/4 winners of earning trades with TTD Aug 10 $100 calls becoming that 4th one once I lock in the position tomorrow. This has resulted in locked in profits of $27.6k for the week so far and the account closed out at $91.6k. I was as high as $98k earlier today when AMZN was at the highs along with GOOGL. I doubt I'll reach that $100k this week, but that'll be my goal next week.
 
There's your theory this morning Jeff, which includes some geopolitical news. But investors buying at the highs in January are just relieved to be out now. I took a hit on GOOGL 1270 calls to the tune of -4800, and my tsla calls are still in play but at -5184. The only good thing going this morning was selling those TTD Aug 100 calls for a gain of +7280. I also closed out of JPM 115 calls taking a loss of -730 and also closed out the rest of AMZN with the entire AMZN position gaining +7900.

I'm unloading a lot too, and I'm just down to 3 big positions (tsla, nvda, and ual calls).
 
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