Stocks Daily Discussion

[pftq]

Out of calls at SPY 125.21 (+80%) - not entering puts yet until we get clearer resistance or some kind of bb pinch on the charts.

Watching these other stocks at the moment as they've had good movement lately but not buying unless there's a good entry.
SLXP
AKAM
BA
PHH
MJN
BBBY

[pftq]

Entered a few leap SPY puts on the opening spike this morning.  Will add more if we end up higher.  Might add a few calls for next week to hedge if bb bands pinch.

[pftq]

Someone remind me to hold my SPY calls till 126 next time I say it's going to 126.  Got a nice average on puts though either way.

[pftq]

Adding weekly calls to complete somewhat a straddle (more time to recoup on the puts though).  Looks like we have more room to move up before pulling back.

[pftq]

Still holding weekly calls.  Moved SPY leap puts over to SHLD 27x instead.

[pftq]

Decay is coming up quicky on the calls so I dumped them - holding just SHLD puts now.

[pftq]

Out of puts this morning at 30%.  Waiting for a retrace on the markets before choosing between puts on SPY, SHLD, or MCP.

Edit: Moved back to January SPY puts at 124x.

[pftq]

Probably going to keep shorting the market the next few months.  Am expecting the market to get relatively volatile once the holidays are over.  Markets are near resistances right now, so it's a nice entry if you just want to buy FAZ or something and hold for a few weeks.

[pftq]

Kept averaging down on puts each up-day; ended up moving them into 128x to avoid out-of-money decay.  Out of the puts this morning at SPY 126.5 - right at 10-day support.  Picked up January calls for the bounce.

Also holding SHLD 32.5x puts from when it was at $33; planning to get out if SHLD goes back above $30 or dips to $28.

Considering entries on POT, BKS, and MJN.

[pftq]

Into MJN 70x calls when the volume picked up at MJN $71.50.

SHLD puts paired with SPY calls working very nicely; market's recovered to 127.30 already while SHLD keeps going down.

[pftq]

Into POT 42.5x Feb. calls with the stock at $42.80, on the basis that it's holding its very longterm (several years out) support and short term also looks good (upward break of wedge).

So currently in:
- SPY leap calls 126x (short term play)
- MJN leap calls 70x
- POT leap calls 42.5x
- SHLD leap puts 32.5x

Looking to sell SHLD soon and add short/put positions again later for long term, in particular SPY and maybe MCP, SFLY.

Edit: Sold puts with SHLD at 29.50 (+40%).  Adding SPY 128x puts each time it makes a high above 128.

[pftq]

Sold puts at SPY 127.40 and holding calls to sell later in the day.  Will add more SPY puts again above 128.
The pattern is almost exactly the same as yesterday (dip from open till about 10:07 EST and then move up rest of day).

[pftq]

Been doing more of the same the last two days, buying puts and selling calls above 128 and vice versa.  Today we finally broke out of the wedge so it's getting interesting, ended yesterday with a straddle so I didn't get caught out of position too much.  Sold the puts during the dip about 15 min ago.  Expecting markets will want to make one last push towards SPY 130 soon so I'm still holding my long positions.

Also watching USG right now at $12; looks good for an upward break so I might enter Feb calls.  Edit: Picked up 12x just now with USG at $12.05

[pftq]

USG at $13, 100% gain.  Calls on POT, MJN, SPY also doing well.  Planning to get out soon though.

Picked up a few Feb 30x puts on SWN at $30.10; planning to average if it bounces or add if it breaks below $30.  Just getting in a little early now so that I'm not full long on my portfolio.

[pftq]

Out of USG at stock $13.40, about 100% gain.  SWN now dipping to $29.90 but the puts are going down a bit as well, so I'm holding off on averaging until I figure out why that's the case.

SPY, MJN, and POT still look ok so holding calls on those till tomorrow.  POT is right at resistance though ($44), so if it doesn't break by tomorrow, I'm getting out.