February's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement (bullish). Residential Construction as a category has done generally well through the pandemic, at this point most of the companies in this sector have a very similar chart movement (Downward range) which is great as it shows a level of predictability...
January's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement ( bullish ). The reasons why I pegged this as bearish is: Based on the 9 Nov price movement due to the US elections, where post COVID-19 stocks spiked, PG fell. Consumer Defensive sector seems to be in a position where traders in the short term don't...
January's Hedge Trade This trade hedges PG my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if PG surges this should mitigate the loss. It is 15% of the premium from Jan's Primary and Secondary trade. If things go well I should not need to cash this at all. Bought 7 Puts @ 1.10,...
As the Primary Trade is this aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. More vaccine news and it's potential positive speculation could start increasing it's frequency, resulting in traders trying to capitalize on it by entering sectors previously hit hard...
December's Hedge Trade This trade hedges OLLI my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if OLLI surges this should mitigate the loss. It is 15% ($827.42 with comms) of the premium from Dec's Primary and Secondary trade. If things go well I should not need to cash this at all. ...
December's Primary Trade As the Primary Trade is this aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The 9 Nov vaccine and US election news cause a significant gap upwards. Vaccine news as we near 2021 could start increasing it's frequency, resulting in...
SLG is a REIT, I identified this company through Finviz, so far it seems like a pretty decent tool to identify opportunities. Real estate similar to travel is another sector that has been beaten so badly. As such I don't think there are many speculators monitoring this company to move the price wildly Since the drop in Mar, unlike the broader market. SLG has not...
Hyatt is part of the hotel sector that has been battered by COVID-19 and since Mar it has slowly been gaining ground by following the overall market's bullishness. As it is one of the hugely weakened sectors, I don't expect much speculation/volatility in this sector (Near term). At this point (24 Sep), the market has been bearish across sectors. H's price...
December's Secondary Trade This trade is slightly more risky and is the opposite of the general market movement (bullish). I shortlisted Ollies out from the category of Discount Outlets from Finviz screener. Unlike the rest of the market that gapped up, this category fell after the 9 Nov US election news. This was one of the reasons why I feel the company's...
As the Primary Trade is this aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. More vaccine news and it's potential positive speculation could start increasing it's frequency, resulting in traders trying to capitalize on it by entering sectors previously hit...
I've been thinking of ways to hedge my trades to mitigate risk as my trades are mainly naked sold options contracts. This CALL trade is the first live trade of a hedge theory I came up with. If everything goes well this should expire uneventfully. This Trade is paid for using 15% of the total Premium from the 2 other Nov naked option trades. I bought the...
Once again I'm re-entering a JETS options trade given the low volatility . The industry is still weak and I don't think we will see much upwards movement in the next month especially with the US elections heating up and the focus still on CN, Tech and Healthcare. For this trade, I sold calls close to a key price resistance point. I did not cover this options...
Once again I'm re-entering a JETS options trade given the low volatility. The industry still weak and I don't think we will see much upwards movement in the next month. 1 Sep when a majority of stock spiked upwards. JETS had minimal movement. As such I sold calls at the high of a key price resistance point. The current RSI is at a high band of 66. I did not...
Rolling on my previous MAR trade that expired on the 28 Aug. I decided to continue with MAR as price on the 25 Aug seemed to be having trouble rising. RSI was also at a high band of 65. Overall, price seemed to be pretty predictable and not volatile at this point. As my defensive trade is focused on picking off premium. I do not expect price to rise and as such,...
CHWY is an online retailer of pet food. Since the start of the year is has generally been on a bullish uptrend. I picked CHWY as it's price movement seems pretty predictable and not very volatile. Price has recently hit a nice high 52 week high and now seems to be in a range and testing that key 52 week high price point. I feel that there is a higher probability...
There seems to be a resurgence of COVID-19 cases across the globe. Before Sep 18 I doubt there would be positive news for the travel industry, especially in the US. As price broke the support line, technically theres a chance it will continue dropping. Positive news on the stimulus won't help travel and I do not expect an influx of investors into the travel...
The hotel industry is one of the weaker sectors due to COVID-19. 8 Months deep into the pandemic price volatility has stabilised. With earnings recently over Implied volatility seems to have returned to the previous range. I don't think people will be rushing into this sector anytime soon. This is perfect for my options strategy which does not do so well against...
JETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies. Due to COVID-19 it's one of the weakest sectors and from my observations it seems to fall first and raise last vs the S&P 500. As countries are slowly opening and getting a grip on...