Trade Findings and Adjustments 6-30-20

Trade Findings and Adjustments 6-30-20

Keve Bybee – keve@hurleyinvestments.com

What’s up with this week?

Lower volume week:

WHY lower volume?

Holiday weekend coming up with Friday market closed. Institutional money is out of the market. Means more volatility but not necessarily something to pay too much attention to.

So? I would expect buying back in from institutional money on Monday next week

BA leaps BTO 275 strike Jan 22 or Sep 22 – option to “leg in” to this position and add another leap if it gets down to 200 DMA. OR hold off a bit longer.

FB – 260 Jan 22 Leap Long Calls for about $32

SWBI – looking good after earnings

TGT – 125 Jan 21 Leap Long Calls for about $9

COST – Jan 21 350 Leap Long Calls for about $7