Trades

Trade Findings and Adjustments 6-2-20

Trade Findings and Adjustments 6-2-20

Keve Bybee – keve@hurleyinvestments.com

Themes:

 

  • We don’t know what will happen and we have to make decisions about what we don’t know yet
  • We don’t know what we don’t know
  • Who are the “experts?”
  • How can we deal with extreme black swan events if we can’t predict them?
    • Know beforehand how much you’re willing to lose?
    • Collar trade is how WE have dealt with the unkown.
    • give yourself the opportunity to be profitable with the ability to be ok if you guess wrong.
    • If we can make up something when things fall, we have a better chance of being profitable in the future.

 

https://www.oaktreecapital.com/docs/default-source/memos/uncertainty-ii.pdf

 

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

 

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

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