Trade Findings or Adjustments 02-14-2019
Time to focus on Adjusting right now understanding the market daily, weekly and monthly set-up.
UAA Bull Put adjustment from my collar trade
NVDA shot in the dark trade – Little to NO Adjustments available
Daily headline like = China deal extended 60 more days due to good progress
Retail Sales down for Dec ….. Duh… 1.4 million without paychecks and most of us bought Christmas early this year
Options Monthly Expiration this Friday
Will Trump sign the deal for the wall and gov’t funding?
Weekly – Monday Stock market closed for Presidents Day
Expect a larger than normal sell off Friday afternoon
Monthly –
China Deal, End of Earning Season, Executive order to FUND THE WALL
Global Risks – China Slowdown, Brexit,
I had a 20.50 Long put to protect stock ownership the currently trades at $21.90
The stock is up $1.40
Paid 20.50 Long puts $0.47 and NOW I shorted $22 puts for $1.04
I put in today a short term Bull Call for earnings this afternoon on NVDA
BTO Feb-22-19 $155 Long call for $5.63
STO Feb-22-19 $170 Short Call for $1.45 Credit
Ned Debit for the trade = 5.63 – 1.45 = $4.18 Net net $840 for the two contracts
Max Reward = Diff in strikes $15 – 4.18 = 11.88
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