Weinstein Trading and Fading

I had two carry overs from yesterdays monster close.

WDR and PVH where both shorted near the close as they developed into overbought along with the market going crazy at the end I thought we may have a pull back in the open for today. I was not disappointed.

WDR + 533

NAV + 1241

I was hoping after the recent rally and after yesterdays gains that I might see some signals to trade today. This bear market has really punished my LVS and GE holdings. I did get some and they started out early.

AGN H, B6, B6+, One of the best trades this month. Several people in the chat room made some nice coin with this one today. + 4154

CCL H, B6, + 420

PVH H, B6, + 1072

WFMI H, + 71

HSP H, B6+, + 1323

Today is my best day of the year and one of the top days for me as a trader.

+ 10158 Day

~ 40K shares
 

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Quote from Robert Weinstein:


Today is my best day of the year and one of the top days for me as a trader.
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Mr. Weinstein,

My sincerest congratulations to you Sir

Also glad you're felling better

Take Care
Redneck
 
Quote from NoDoji:

Bob, nice day! Glad you're feeling better. It's nice to be NFLX-ing with you; I look forward to the daily chant :p
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Hello NoDoji,

Thanks for the kind words !!

Yeah, I think NFLX is really setup nice for witting some premium.

I watched it on and off today between trades and it appears one day is burned off never to return.

I will continue to write more calls if it moves higher.

Best to you Nod

RW
 
Quote from Redneck trader:

Mr. Weinstein,

My sincerest congratulations to you Sir

Also glad you're felling better

Take Care
Redneck
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Hey Redneck,

A very big thank you for your kind words.

Days like today sure are fun and with a short while to go in the day I looked forward to going at it again with renewed confidence.

I hope your also having a great day !!

RW
 
Robert:

Mazeltov!
There was no doubt in anyone's mind that you were going to recover from your loss in no time.

N-O-T-I-M-E!

I will make this an addition to my New Year's Resolution:

Trade with Mr.Weinstein!
 
After a day like yesterday how does one go about repeating it?

Well I wasn’t able to repeat it as a day but I did have a couple of really nice trades that brought me along really nicely.

NFLX, the stock that I just wrote a small amount of calls with found the down button today. The options I wrote for 75 cents are now worth 30.

GE also found the lower button after being higher for the open. I am glad to see that it did not fall under 10 again but it came close and we still have a half an hour to trade as I write this.

I spent some time today looking for Fleetwood mac tickets after finding out they are touring again. I think it would be great to see them again. Not sure I am ready to drop 4K to get front and center but for about 500 you can get center and a few rows back on stub hub. Now I have to decide if I am that big of a musical buff to spend that kind of money on a concert. choices choices

Trading went well today

WFR H, B6, + 1477

WFMI H, B6, + 2005

KBH H, B6, + 204

+ 3687 Day

+ 15610 Week

- 22341 Month

~ 15K Shares
 

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It was a busy day in the openin today and with a lot of follow through for the day.

I didn’t have any carry overs from yesterday but with the market as strong as its been I was really excited to get back in the office to see what the day might bring. I started out right away with looking at MYGN. I looked at it yesterday and today in pre market the stock did a two for one split. This as usually sent the stock price much higher and opened gap up which I traded. This was the first Gap up signal that I took this week and I kept the size small. I also did not chase the price down as I entered in with one lost that was partially filled at 277 shares.

The rest of the day was filled getting signal after signal only to find that most were not qualified. Some where and those that where paid off nicely if I was able to short it. One that I was not able to short but another in the chat room was able to short was CTRP. A gain of about 40 cents was made which happened in under an hour.

MYGN GU, + 323

BBY GU, + 1211

FSLR, H B6, + 1351

GVA B6 (unqual) + 1787

HP H, B6+, +157

RVBD B6 (unqual) + 302

TNB B6 (unqual) out early + 58

WFR H, B6, + 2861

ALKS B6, H, (unqual) + 679

+ 8735 Day
 

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Three days to go in the month and I actually can see the break even mark. That in itself is something a week ago I did not think would be possible.

With the final trading day of the week I was able to make some nice gains. I did not have the herculean gains of some of the days this week but a very respectable showing none the less. I traded WAT back and forth for over 90 minutes today and it took me for quite the ride. In the end the bronco broke and I closed it out with a nice gain.

Still looked for Fleetwood Mac tickets. Now my focus is the Las Vegas show. Looks like I will need to get at least two tickets and I know of no one that cares that much about Fleetwood to want to share in premium tickets. I just can't see going to a concert and not being right up there in front and center.

This week is the best week I have had this year and maybe one of the best ever.

WAT H, + 2651

NVLS discretionary, + 910

LTM H, + 172

+ 3734 Day

+ 28079 Week
 

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Bob, although your having a week like this doesn't surprise me in the least, having a week like this right on the heels of a major loss is testament to your prowess, your experience, and your professionalism.

Go have fun!

:cool:
 
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