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Tuesday, February 27, 2024

PhilStockWorld Top Trade Review – Q2 2021

Not much going on so it's a good time to review our Top Trade Alerts. 

Generally we like to give them about a year before we do a review but it's also good to do our reviews right before earnings so we can see if there are still bargains to be had.  11 (64.7%) of our 17 trade ideas from Q1 2021 were winners as of our Jan 11th review and, of those "losers", we had:

  • GOLD - Went from $18 to $25 and our adjusted net $1,660 position is now net $44,775, which is up 2,597% in 3 months and THAT is why we like to do these reviews!  Aren't options fun?
GOLD Long Call 2024 19-JAN 15.00 CALL [GOLD @ $25.25 $0.24] 50 10/15/2021 (638) $27,500 $5.50 $5.18 $6.33     $10.68 $0.23 $25,875 94.1% $53,375
GOLD Short Put 2024 19-JAN 25.00 PUT [GOLD @ $25.25 $0.24] -20 10/29/2021 (638) $-17,000 $8.50 $-4.20     $4.30 - $8,400 49.4% $-8,600

  • WU - Still down but not as much.  At $22 we make $2,000 with $21 our break-even.
  • GOLD - We had picked 2 more GOLD plays that were counted as losses at the time - also now with massive turnarounds.
  • QSR - We had a $25 loss back in January but already flying high now as we got more aggressive:
QSR Short Put 2023 20-JAN 50.00 PUT [QSR @ $61.36 $1.14] -10 3/25/2021 (274) $-4,500 $4.50 $-2.80 $-7.17     $1.70 - $2,800 62.2% $-1,700
QSR Long Call 2024 19-JAN 55.00 CALL [QSR @ $61.36 $1.14] 25 11/18/2021 (638) $19,300 $7.72 $2.63     $10.35 - $6,575 34.1% $25,875
  • PARA (was VIAC) - Was down $11,300 (141%) at net -$3,300 and we spent $1,500 more to roll to 15 2024 $25 calls covered by 10 2024 $37.50 calls and now we're at $35 and back on track at net $11,950.

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