swing-trading


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Missed the $5 jump higher. Sold some Options against the position.

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Trading at $16.38, have a covered call sell/buy to close order at $16.42

 

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Bought this yesterday at $11.14.

This is going to be a very volatile stock, both to the upside and downside.

*I have just placed an order to sell 100 shares at $14.78

*Just cancelled that order. Rather, I will sell 1 Option contract at $15.oo and 1 contract at $18.oo, expiry May. This better corresponds with a monthly rebalance.

Sold 1 contract at $15.oo for $2.00 and 1 contract at $18.oo for $1.05. This is just a bog standard covered call strategy.

 

 

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I’ll allocate a $10K position to this stock and compare how it fares against the more stable portfolio.

I’m guessing it will either outperform – or go bust.

This is the issue with speculative stocks, they simply are too damn risky. However, the odd one, in an other wise ‘safe’ portfolio, in a small % of the over-all portfolio, can, at times, juice the returns.

If it blows up, then the damage is contained.

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Was trying for an entry price of circa #713 and change, but couldn’t seem to get the pullback, may come nearer the close.

Long at $714.31, which I think is an ok entry point. We’ll see. Expiry on Friday at about lunch-time.

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GOOG trade a winner. Returns 74%. Nice.

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After yesterday’s monster rally and today’s strength, the short position while still in the money is definitely looking vulnerable.

To work, it needs to have a weaker day today.

 

*Update

Closed out the position and reversed with a Long position in GOOG.

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