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Hi Amy;
Thanks for the info on your trades. I am not concerned on my trades as I have the capital to hold shares if I got assigned, but that won’t be the strategy I use at this point as I like to work toward earning more profits before finally accepting shares. I have no way of knowing if BMY will reach my short put strike by Sept 4 and that is not how I will be handling this trade. I sold the $62 as I am comfortable owning shares if there was no other choice, at that price. Today the stock got to $60.00 so who knows it may just recover and $62 is great value for the stock.I will write you up something this evening.
Teddi
I will be waiting into Thursday to see if today’s rally has more strength. If it does then I will be waiting until Friday and then rolling lower and adding more naked puts and I might add a few naked calls but I doubt that. This is a simple rescue since I only have 4 naked puts at risk.
TeddiI have no positions that concern me at this time. I also do not plan on taking any losses. I will review some of the in the money trades I am holding but I use rallies to adjust positions. I have been working with a lot of investors on their positions. If you want to send me exact particulars I can take a look. I need pricing details and expiry dates to work from. I posted this to assist in understanding my outlook at this time. https://www.fullyinformed.com/taking-advantage-of-rallies-quick-comments-for-aug-26-2015-at-313-pm/
Tell me the invested dollar amount and I can provide you with a percentage. This cannot include other protective strategies already in use such as individual put options on specific stocks for example. Basically what percentage of your portfolio are you at risk of seeing decline in value. That’s what I base the amount I invest in spy put options and SDOW ETF for example to protect and build a cash cushion.
I really thought I had nailed the high for the SDOW at the day. I can’t believe the Dow gave up 205 points into the end after being up over 440 points. Worst reversal since October 2008. We will be moving lower this week. Maybe not tomorrow but certainly Thursday and Friday. I think the give back today at the end will hurt global stock markets overnight. https://www.fullyinformed.com/trade-update-market-direction-portfolio-aug-25-2015/
Sold half my SDOW position at 3:51 for $26.40. I will be looking for more opportunities to add to this trade tomorrow.
China may rally for sure but the give back of this rally latew afternoon is poor for tomorrow. The SDOW trade looks wonderful once again! Congrats to all those who entered today on the morning rally.
Closed these calls Aug 24 early afternoon for 75 cents. a rally higher could be expected today (Aug 25) or perhaps Wednesday but the chance of the 201 calls being worth more, I think is unlikely as the week progresses as the S&P would have to climb back over 2000 by Thursday which I think is unlikely presently.
TeddiNot sure at this time. It depends on how bad it looks on Monday. Right now I probably will sell near the open but if the market is not as bad as I expect I may hold longer. I’ll post it when I sell it. This was definitely a speculative trade and I can afford the loss.
TeddiMy apologies for perhaps the way I expressed myself. I have no interest in the stock but definitely have sold naked puts and traded the stock using the Bollinger Bands Strategy Trade since 2013.
I do not see the stock collapsing even in a correction this year but a severe correction could pull the stock down perhaps 10% at most. Just my opinion and not based on a technical outlook.
TeddiAbsolutely right. This was an excellent trade. Congrats again Amy.
TeddiThank you to everyone who emailed me today. I am indeed humbled and honored by your comments and praise. I am pleased so many members read my early morning investing strategy notes and followed me to the short side of the market direction today. I cannot answer every email so please accept my deep appreciation for your emails. I hope you will all be forgiving when I get the market direction wrong. LOL. Once again, thank you very much. I was stunned by the number of emails received today.
Teddi KnightThanks. This was an exceptionally good trade.
I do not see much wrong with $69.50 although by September 11 stocks in general could be lower. However you could also close this for profits early if the opportunity arise. I did two trades. One for this week and another for next week but at $69.00. https://www.fullyinformed.com/trade-alert-as-walmart-stock-plunges-aug-18-2015/
I don’t think it is a bad trade but not a stock I prefer. Here is another short article for you https://www.fullyinformed.com/members/understanding-risk-and-stock-selection-super-charge-buy-write-strategy-chevron-stock-trade-august-13-2015/
Love the trade and I will be entering it. Here is a write-up which I entitled, Investor Gets It Right. https://www.fullyinformed.com/members/investor-gets-it-right-super-charge-buy-write-strategy-microsoft-stock-trade-august-13-2015/ Let me know how it turns out for you.
Hi Amy I haven’t looked at this yet. Sorry.
I am not sure what you mean on this post. As far as I know, Apple reports their own earnings in their own way and how other companies interpret earnings from specific products is I think not available otherwise all analysts would pick apart the quarterly revenue and pinpoint how specific products are doing. That’s my understanding.
To my knowledge no. I assume you mean can one country’s central bank reject another country’s currency devaluation. However pricing can be set as far as I know for different services, products etc in a native currency and then negotiated by sellers and buyers but this does not include a central bank intervention. Central banks as far as I understand work only within their respective country.
Hi Amy
I will update this trade tonight. I have a lot of trades on the go today as you can imagine. Talk more to you later.
TeddiYou can see today why it is important that you understand the market direction portfolio and how to trade it. If you have bought it late yesterday which at the close was sitting at $19.90, you would have set up your trade and your portfolio for profits in today’s collapse. Investing is about learning how to trade not just following a trade alert. So remember, in the future, study the alert, look at the charts and determine the direction. It doesn’t matter if you get into a trade minutes later or hours later. It matters that you understand the direction stocks are headed in and set up your trade accordingly and with a stop to protect against losses. Thanks for your post. I think it will help others understand market directional trading as well.
I like your positions. I think you are in great shape. We are moving into an area of the market direction where volatility may pick up especially with the problems out of China. I know I think my trade will certainly bear fruit.