Trades

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.

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