Trade Findings and Adjustments 04-20-23
Keve Bybee – keve@hurleyinvestments.com
Lets talk about stocks and when to protect, when to take protection off,
and when to let it run…
BAC – Protect profit? $30 down to 28?
– $30 should be a support level with a pivot point
– Is it enough profit to spend money protecting after a good
earnings?
– Might be one we want protected through sketchy earnings season.
– Look end of day and make the best educated decision
BIDU – Booked good profit on puts the last month
– Added protection at 160 on 2/7 right at the top
– Closed 160’s on 2/21 for a profit before earnings
– Opened 141’s so that we lost less money if BIDU ran up after good
earnings.
– 3/3 we took off 141’s for a loss
– 3/6 added 150’s
– 3/13 booked profit on 150’s
– 3/15 put protection back on at 131 strike
– Took them off on 3/22 for a loss
– 3/27 152.50 puts on
– 4/17 booked a big profit on 152.50’s
– When do we get protection back on for earnings?
– 3 big wins and 2 smaller losses on puts
