Trade Findings and Adjustments 02-01-24
Keve Bybee – keve@hurleyinvestments.com
Currently:
– Earnings season in full swing
– Yesterday FOMC rate decision – not cutting rates yet and probably
won’t until June. They want to see inflation continue to decrease.
AAPL –
– Bought Puts up at 195 that we cashed in today
– BTO 195 Puts for $5.05
– STC 195 Puts for 10.75
– $5.70 Profit that pays for new puts to protect for earnings.
– Why? 10 dollars in the money, we would be losing all of that if
AAPL has good earnings.
– Makes sense to book a profit that pays for new puts and allows us
to make money if AAPL goes up after earnings.
PTON –
– Look for breaking the $4.25 level to possibly add puts?
– Already sold off so maybe not worth it.
CHRW –
– Broke $80 support level
– Can go down to 70. If I breaks that, the next stop is 65
– Look at puts out to 6 weeks
ALGN –
– Invisalign company
– Breakout above 200 dma on good earnings
– Look at bull call tomorrow to confirm they have held above the 200
dma
