Trade Findings and Adjustments 10-15-20

Trade Findings and Adjustments 10-15-20

Keve Bybee – keve@hurleyinvestments.com

What direction is the market heading?

• Is anyone’s guess

So do we really have a direction? There’s nothing that I see that is telling me we have a direction.

What if we get a stimulus package news tomorrow?

• Tomorrow is a great day to put on a trade!

AAPL –

• Handling pandemic well
• Loads of cash as always to buy back more shares
• 5g phones and “super cycle” – Not buying that story

UAA –

• Nothing for the short term with so much uncertainty
• Look at some cheap leaps
• Or.. is this something you can wait on until after stimulus/election? Couldn’t hurt.

JPM –

• I like Kevin’s JPM calendar trade from Tuesday.
• I’d like it better if it broke above 200DMA

Naked puts?

• Not a bad idea to get into a stock that has run up and you’d love to buy shares on a drop
• Holds a lot of margin in your account to come good on your obligation to buy shares.
• i.e. the broker will make you hold lots of cash.