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Wednesday, April 24, 2024

Top Trades for Wed, 29 May 2019 16:00 – SEE & TLT

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Top Trades for Wed, 29 May 2019 16:00 – SEE & TLT
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They are trying hard to keep it together into the close but it does seem a lot more like we're consolidating for a move down.

/KC hitting 100 for the first time in ages – congrats to all on that one.

Soybeans too:

Unless they are back at 820, I wouldn't go back in.  China begins slaughtering hogs soon and that cuts down on the global need for feed.

TLT right at our shorting line ($130):

SEE seems to be the new provider of packing material for AMZN and I like them anyway so let's sell 10 of the Jan $40 puts for $2.60 in the OOP ($2,600) and buy 20 of the Jan $38 ($5.10)/$43 ($2.25) bull call spreads for $2.85 ($5,700) for net $3,100 on the $10,000 spread.

Sealed Air Corporation SEE, -0.05% a leading manufacturer of protective packaging solutions, announces its participation in the Amazon Packaging Support and Supplier Network (APASS). Amazon created the APASS Network to provide vendors, sellers and manufacturers with a list of companies and labs that meet Amazon’s packaging certifications. As a participant of the APASS Network, Sealed Air is approved to test, design and supply packaging without additional testing or documentation from Amazon.

Also for the OOP, let's buy 10 TLT Jan $132 ($6)/$127 ($3) bear put spreads for net $3 and we'll sell some short-term puts for $1 once it comes down a bit.