Stocks Daily Discussion

[pftq]

Ugh, got up late today - have to stop working on projects so late the night before.
Missed the morning spike to SPY 129.60 - that would have been a beautiful exit on all my calls.  SWN also dipped down to $29.0 but recovered to near $30 so I guess I have to wait another day on that.

Picked up OCR Feb puts when the stock was at $33.80; stock now testing $33 support.  Added a straddle on SPY weeklies at end of day because of bollingers pinching, while reducing on the SPY Jan+Feb calls and letting go of MJN Jan calls at breakeven (held too long, decay catching up).

Got out of POT near end of day as well at $43.60; looks like an ascending triangle forming against $44 resist - a very wide one, so I'm planning to get back in when it dips again to about $42.50.

[pftq]

Out of SWN at open of $29, +20%.
Gapdown was a nice surprise; good thing I went with a straddle but I had a bullish bias so I only bought enough calls to cover the cost of the weekly calls going to zero.  Going to hold for a bit longer till we're out of the morning consolidation to see if I can get a better exit.
Still holding OCR puts; it bounced but didn't break out of its downtrend from yesterday.

[pftq]

Very nice sell off for puts - out at SPY 127.75 just now, gain of +130% (more than cover the calls now, if just by a bit).

Waiting for a retrace that usually starts at about 10:45 EST to unload my calls at a better price; even if they go to zero, I'd be fine though.

[pftq]

Into JEF calls at stock $16.20.  First saw it at $15.90 and then watched it spike to $16.70; don't know why my reaction time was so slow.


Out of SPY Feb calls at SPY 128.50; costs more to sell the weekly calls than to just let them expire so I"ll hold them on the remote chance the market bounces back above 129.0

[pftq]

Not quite so remote chance, thanks to the short covering end of day... Out of SPY weekly calls with SPY at 128.80; might spike higher but already got out at -89% instead of -99% so I'm content (this being combined with the SPY weekly puts sold earlier at +130%).  Picked up Feb puts on SPY at the same time.  Candle for today actually looks bullish if we close near here, but I don't mind holding at this entry and will average down as necessary.

Sad part is I forgot about POT while watching SPY.  It didn't quite dip as low as I wanted for re-entry and already broke out past the $44 resist without me.

So right now just holding SPY Feb puts, OCR Feb puts, and JEF Feb calls.

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TSLA selling off hard right now ... picked up a few 25x calls on the dip to $24.05 for a bounce play.

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Out of TSLA calls at TSLA $27.30 - 120% gain.

Picked up a few CCL Feb calls since it's now at the bottom of the past 6 months.  It's tanking on the Italy cruise incident.

[pftq]

Out of CCL at $30.30, +20% on Feb calls.  Woke up late and missed the $30.60 exit though, likewise with the dip in SPY for cashing on my puts. <_<

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TRP selling off sharply in advance of the keystone decision at 3pm EST.  Trying to figure out whether the price should be dropping this much even if they don't get the project though but not sure.

Any thoughts? Need to make this decision quick before 12pm PST!

[pftq]

Ugh, too busy posting and it already popped from $39.90 to $40.40 -_-

[pftq]

Bah, TRP went all the way up to $41.40 - was out all day and couldn't get an order in. <_<

[pftq]

Out of OCR puts on the steep drop $32.12 this morning (FTC decision coming up I think).  Feb puts gain is +50%; waited a long time on that one but didn't do any averaging down unfortunately.

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REXX is just bleeding here the past several days.  I'm thinking it might be getting oversold and am watching for when it starts to bounce (don't want to front-run a knife down here).  Any thoughts?

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Picked up a few REXX FEB calls when the stock dipped to $10; holding off buying more incase it dips lower (where I will average down).

Also picked up ESRX Feb calls on the pullback to $51.50.

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Exited REXX calls at $11, ESRX at $52.50.  Picked up a few UNG March 5x calls on dip to $5.70, will average if it dips lower.