Trade Findings and Adjustments 08-17-21

Trade Findings and Adjustments 08-17-21

Keve Bybee – keve@hurleyinvestments.com

Why start to get back on protection after we just had earnings?

• Because we are coming to a cyclical period at the beginning of fall when our market likes to have a correction
• Earnings were good, but the market doesn’t seem impressed

What may cause our markets to fall?

• Delta variant continuing to be a worry of shutting back down again to some degree
• War – China putting ships by Taiwan
• Fed “tapering” bond buying
• More economic news that isn’t positive

BA –

• Protection on at 225 as it passed the 200 DMA

JPM –

• 160 puts on to protect for a “taper tantrum”

F –

• Puts on at 13
• My trade suggestion is $13 strike Protective Puts on F out to October monthly expiration to protect shares