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Swing trading portfolio – week of June 19th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here

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Swing trading virtual portfolio

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  1. If the market holds here, I will sell all of the tech puts we bought last week and the week before. Some profitable, some not. Will sell the Q's puts as well for now. No need to fight this. There will be plenty of time when we break the 50MA, which has been strong support so far. 


  2. TZA included?


  3. ARNA – Catching bids following earlier weakness associated with their riverse split.


  4. ARNA- always good to see but wondering that since the reverse split brings share price above the $5 level it is now being picked up by ETFs or Funds? 


  5. No, I am keeping TZA.


  6. Actually got back into a little bit of Q's puts. 140's


  7. Selling some GLUU and some ARNA.


  8. Only had some left in my wife's IRA ;-)


  9. Sold a few ARNA Jan 10 puts for $2.20 for a 7.80 entry or .78 on the old stock.


  10. Albo- did you have any of the Jan $2 callers from before the split? TOS's explanation on how these have been handled does not make any sense to me.


  11. Yes, I discussed with OCC.  We're short the 2 options with the asterisk.  Each option now covers 10 shares instead of 100 shares.  They are currently very mispriced at .40.  This equates to $4 on a Jan 20 call. 

    https://www.theocc.com/clearing/clearing-infomemos/infomemos1.jsp 

    And plug in 13459 in keywords.  Phone # 1-888-678-4667.


  12. ARNA – After the split I only have 100 not covered.  Sold a  Jan 18 20 call for $ 4.71.


  13. Albo- re: ARNA- if I get this then the old $2 calls are the equivalent of new $20 calls? If  so, very odd looking at the newly listed Jan 18 $20 calls selling for approx $5? 

    I did sell one of those at $4.85 yesterday. 


  14. Yes.  Even stranger, those old $2 puts traded today for .75.  Seems like an overly huge premium to me.

    I'm short some of them at .29.  That's okay, if they get called, I'll get $22.90 off a $13.80  cost. :-)


  15. CELG tempting here for a quick trade on puts


  16. I am completely out of ARNA for now


  17. i am out of ARNA now thinking of buying some puts ?


  18. Opt- Thanks on QUIK.

    It's been a serial disappointer, but I think they're close to landing some substantial contracts. And I'm insanely over weighted in the name.  There is a pretty big and active short position.  If we could get a squeeze going on them, it would really be fun.


  19. Has to sell a lilttle bit of QUICK, take a quick 6%, but will get back in.


  20. Small money for now, but will build a bigger position. This chart looks good now.


  21. Back in NVDA puts. Full position. 3.5% stop.


  22. X testing the 50MA. Interesting,. Might be good for calls if it breaks.


  23. Wow on QUIK ;-) I am out for now. Thanks for the trade, Albo!!


  24. Too bad it was a small position. Will buy back later.


  25. Opt -You're very welcome.  Today's strength came as a surprise to me, but after looking into it a little closer, these may not be small deals after all.  Qiwo and Janyun are Chinese companies with a presence in mobile.  QUIK is presenting at the Reach China Investment Conference in Beijing on Tuesday.  Could be some follow up buying from that.  Also learned that these  announcements were not the designs QUIK had talked about on their latest conference call.  They should follow.