[aby1818]

Teddi, I did roll my 11c of DIS, apparently my spreads was wider, I hit margin call. I guess I will deal with that in the morning. Still ended red. Just my luck, MSFT warn, oh well, we will see how it go. Alvin

[aby1818]

Teddi,

Thank you for being here to calm my nerves. As much as I trade, it still makes me nervous. Maybe it’s because I take my accounts to the limit. When it rains, it pours.

I did take advantage of the positive open and kick the can down the road on FB and MSFT. I feel those 2 bounces pretty quick. Even if I don’t recover, it might get high enough for a positive roll down next week. I also bought long put a few weeks out, so I can roll without thinking about the long put.

My biggest problem is DIS, I have 11 contracts that expire this Friday, with 1 contract at 139, 10 contract at 138. This one really tanked and I don’t see it bouncing until end of March when streaming go live in Europe and India. The announcement of a new CEO replacing Iger didn’t help. It did more harm than good. Really don’t know what to do with this one. I do think I need to roll to end of March or beginning of April to have a chance. Any thoughts would be appreciated. Just hope I don’t get assigned tonight.

As always, thank you for all you do.

Alvin

[aby1818]

I am just sitting on the sidelines, rolling some now. Concern with assignment.

[aby1818]

Teddi, thanks for getting back to me. Yes, .10 credit, I used it to buy the $70, 3/6 long put for .10. It’s a breakeven transaction. I was really lucky to get the roll before it tank today. I guess I will wait to see how it plays out. Thank you. Alvin

[aby1818]

Teddi, TSN went down more after CAGNY talk. I was able to roll down to $82 today from $83, credit of .10, exp 3/6. I am still holding 5 contract. What did you do with your TSN. I see you added last week. I did not. With did you think of the CAGNY talk, it tanked as it said it’s sales slowed to China due to Coronavirus. You would think once virus is controlled, China would have to import more pork and chicken. I definitely like your take of this. A quick response is appreciated. I don’t need anything lengthy. Thanks Alvin

[aby1818]

Yes

[aby1818]

As a rule, I never want the stock, regardless of the company, because it ties up capital for trading.

[aby1818]

I have 5 contract. I initially rolled down to 84 to expire today, 2/7. Yesterday, I rolled down to 83, 2/21, breakeven, my cost was commission. I still have 5 contract. I just wanted your thoughts and how you handled the roll down. Thanks. Alvin

[aby1818]

It didn’t help when it miss earnings this morning. Apparently, they may have signed new deal to provide more pork to China due to Coronavirus (no link, as it was 2nd hand info). China did reduce tariffs in 1/2. I would think this might help. Your thoughts and comments is appreciated. I am also looking for inputs and comments from members as well. Thank You.

[aby1818]

I have quite a few CVX puts underwater. I am holding 111, 113, and 114 with 2/21 expiration. A cutback by OPEC would go a long way in helping the stock price.

[aby1818]

Thanks for the link. My put looks good to expire tomorrow. I guess I will hold off on more JPM puts pending comments from Teddi.

[aby1818]

You have a link? Apparently it’s not affecting the price of the stock.

[aby1818]

Would you like someones else opinion, other then Teddi.

[aby1818]

Teddi, thanks for the response. Really appreciate it. Alvin

[aby1818]

Good point. I do hope no one is killed. This way Iran can look strong for its people and gotten revenge. We can all move forward peacefully.

[aby1818]

Great, I am still holding too. I know you are bullish on MSFT. I was thinking about holding it through ER base on your last comments on MSFT. I am up .80 on those call. I am not use to buying calls. Thanks for your guidance. Alvin

[aby1818]

Teddi, you did cover it with the article right after the outlook addressing my issue. I should have canceled my request. Thanks for getting back to me. Alvin

[aby1818]

Got it. Thank You.

[aby1818]

Thank You all. I finially thought I got it to work one time on Schwab.com, now it just spin and spin, saying Loading.

[aby1818]

Anyone know the $VIX for Schwab. TIA

[aby1818]

You are saying we have to type full namme of the company, like visa, not v. Alvin

[aby1818]

Nice trade. Definitely look at it Monday morning. Thanks for posting.

[aby1818]

The article you referred to, Teddi 12/6, 345 put on BA would have expired. Yes, I don’t see you buying back for pennies. I would probably do what Teddi suggested. I just checked, at today’s closing price, it looks like you can roll down to 1/17, 335 strike, for a small credit (I am assuing you are holding 12/20, 340 strike BA). This is a personal decision and it depends on your goal and risk tolerance. If you think market will be good, I might wait it out until Friday, before I decide what to do. If not, I may roll sooner, like tomorrow. Then, there is the risk of assignment, if you wait. Teddi has wrote a lot of articles on how to roll down, you may want to read those for more suggestions. Good luck to you.

[aby1818]

I was curious and just check, BA close at 354 on that day. Correct me if I am wrong. It should have expire.

[aby1818]

Teddi, I also have the 325 and 320 for this Friday. I am also holding 310 for next Friday. Would you be looking to add more BA trade this week. I will wait the week out and see if both my 325 and 320 will expire worthless. I think the chances are good. Thanks. Alvin

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