Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Swing trading portfolio – week of April 20th, 2015

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

Optrader 

Swing trading virtual portfolio

Reminder: OpTrader is available to chat with Members, comments are found below each post.</p></body></html>

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!



Comments (reverse order)


    You must be logged in to make a comment.
    You can sign up for a membership or log in

    Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

    Click here to see some testimonials from our members!


  1. And back up again. In fact this market has gone nowhere in the last few months.


  2. Added some GMCR puts


  3. AMZN quite the turn. Earnings 4/23 @ close. 

    Holding on for now? 

    FB- earnings 4/22 close. 

    Shorting is bad for one's financial health. BTFD rules.


  4. P- earnings also on Thursday 4/23 at close.


  5. No position but CMG earnings are tomorrow 4/21 @ close


  6. Will close CMG calls today. For AMZN don't have enough to close here. Will wait for drop.


  7. http://abegarver.com/post/116992761840/as-fedex-and-ups-change-their-pricing-models

    FWIW -Used this weakness in ZU to sell some Jan 13 puts.


  8. Sold APOL calls.


  9. FEYE – Sold another 1/3.


  10. /OS Sold 1/3 WFM puts.


  11. YELP – In the gap.


  12. Sold another 1/3.


  13. Opt – What are you thinking re TSLA ?


  14. Very frustrating trading. I took 1/2 my loss on TSLA this morning and will close the balance unless there is a significant change. Will also likely take a loss on FB today as earnings are tonight. Followed by AMZN tomorrow- another loss as if unchanged as earnings are Thursday


  15. Bought a few MU calls.


  16. MU following you on this Albo. I will try your luck as mine has been in the crapper lately. 

    Tempted to take a long flyer on CMG for a bounce back?


  17. pstas, I am not sure I understand sometimes how your results can be so different than ours. I know it has not been perfect lately, but for example, until today I was still showing an overall profit on the TSLA trade. Was it  not the case for you?

    Are you following the trades when we roll?

    I sent the following email below last week to Albo, I am recopying it here. Please let me know if your trades are any different.

    "Please let first tell you that I could not agree with you more. 

    I am not proud of my trading at all in the last 6 months.
     
    I have done everything that we should never do: added to losers by rolling higher, followed my instincts instead of the charts, etc. 
    This is a lesson and will focus on not repeating it in the future.
     
    That being said, my current positions are not really showing any significant losses, except for TZA. In fact, almost all of them are profitable, so not sure which ones you would like to close at this point. Except for CREE because of today’s move.
     
    As posted, I have rolled everything many times to stay in the money, and those positions have really not gone up that much. And even down for most of them.
     
    CELG calls – already took some profit out. Remaining calls profitable.
    QCOM puts – already took some profits out. Rolled a couple times. Puts profitable. Stock lower than when we first bought in. Under the 5MA.
    TSLA puts – Rolled down twice. Still showing a profit. Under the 5MA now.
    FB puts- We doubled down at $85 and even added more. At this point our breakeven. Under the 5MA now.
    WFM puts- Rolled once higher. and then since then rolled down twice. Profitable trade. price lower than were we bought the puts.
    CREE puts- We have had a multiple-R winner in this one. Might be time to close it.
    CME puts- Still a loss in this one. I rolled down when it was much higher though. Benn in a downtrend lately, losing 10% in the last 10 days. Rolled lower last week.
    FB puts- We doubled down at $85 and even added more. At this point our breakeven is around $80-$81. Under the 5MA now.
     
    Please correct if I am wrong or if there is a position you would like to close that is not in there.
     
    Thanks

    "


  18. Obviously we will close TSLA if it stays like this. And FB.


  19. TSLA- I did have a profitable trade in Feb/Apr. IN puts at 207 on 2/23; out on 3/30 at 190- all April puts.

    Got back in on 3/31 at 190-; out at 202.92 on 4/7- this was above the 5DMA plus exceeded my 1R stop loss,(Bought April 190 puts at 7.05; sold April 190 outs at 1.44)

    Back in again on 4/8- at 208- (May 210j puts at 14.25) current position- now stock at 219+ sold of the 210 puts at 7.85; balance to go by end of day so another loss. 


  20. FB- bought on 3/26 at 82.48; sold on 4/7 at 82.72 – hit my 1R loss although the stock traded flat. Bix VIX drop killed put value and I made a judgement call to cut my loss as the stock came of a big recovery frm the day before. Note these were April options. 

    Got back in on 4/8 with May options (May 80 puts a 2.55; now at 1.34 with stock at 84) Will close today for a loss .


  21. WFM=the only trade I have goes back to Jan/Feb. In on 1/29 ; out on 2/11 as earnings announcement due that day after close. Had a loss on that trade also. Did not hold position past earnings. 


  22. GLUU !


  23. So you never rolled???


  24. Other than the quasi roll in TSLA where I closed the April one day and opened May the following day, no. 

    I have been respecting my loss limits (1R) based on my position size. In the past, almost without exception , staying in positions past my stop loss has resulted in larger losses. 

    I don't know if your trades were done with stock or options. Obviously, stock positions can be held longer without incurring losses as there is no option premium erosion. That has been a significant factor as the market as a whole has been range bound/sideways movement. 


  25. 90% of my trades have been in stocks. But the rolling has made a huge difference. Exactly because we have been rangebound. I do not recommend rolling a position going against you. But when we roll something going in our direction you should at least reduce your position and take some profit out, if you don't want to roll.


  26. Opt – I know you announce certain trades as being in stock.  It would be great if you'd always designate stock or options.  Thanks.


  27. SPLK – Very strong.


  28. SPLK – Sold 1/3.


  29. Watching FSLR.


  30. Will do, Albo.


  31. Will try to buy some calls on AMZN on a pullback today. Those are very impressive results.


  32. Anyone see news on SODA?


  33. Wow, check out the candle on P !


  34. Thought FSLR was setting up for a long trade, but that's an ugly candle today.


  35. Where is the best place to get the 5 day moving average?

    Thanks