Categories
Kyle Hedman Trade Log

Weekly Trade Log: 10/12

An up and down week of stock trading, hurt by AMD’s drop but saved by the SPY and PRPL

This week of stock trading was quite up and down. I was able to realize a profit, but I have some losses coming up that are going to be painful if a couple stocks don’t turn around (Looking at you AMD!).

So without further ado, let’s take a look as this past week’s stock trades.

10/5:

Buy: SPCE Oct 30 2020 $24.5 Call @ $1.20

I bought these calls after Benzinga alerted me to a large increase in the volume of these contracts. The price was cheap enough to take a flyer on it.

Sell: SPY Oct 09 2020 $335 Call @ $6.40

The market saw a nice bump after Trump was released, so that gamble I took last Friday paid off nicely. I sold half my position in these calls to lock in some gains and reduce my overall cost basis. Now I can sell the remainder at anything over $1.60 and still make a profit

10/6:

Buy: TIF Nov 20 2020 $125 Call @ $1.55

This was another trade made from a Benzinga alert. Someone bet around $1 million on Tiffany, so I followed suit.

10/7:

No Trades

Trump was nice enough to fix the market fiasco he caused when he decided to stop negotiating a stimulus package on 10/6 by signaling that he was open to smaller standalone proposals. PRPL hit a new high and I was tempted to sell out the remainder of my stake, but I decided to hold on as I thought it should hit $30 soon. I still haven’t seen any news as to why the price has been increasing since I identified a volume spike last month. Costco also hit a new high, really kicking myself for not raising my bid price when it was under $350 a share…

10/8:

Sell: SPY Oct 09 2020 $335 Call @ $8.50

Sold the rest of my position here as it seemed like SPY was starting to stall and I didn’t want to risk losing some value if the market opened lower on Friday.

Buy AMD Oct 09 2020 $90 Call @ $0.86

I bought these right before the AMD presentation of their Zen 3 CPUs, thinking the stock would continue to run up. sadly, it peaked at $88.72 in the beginning of the presentation and fell the rest of the day. I still feel like this stock is going to push new highs soon, but this trade was a loss.

Buy GME @ $12.99
Sell GME @ $13.50

I bought these after GME started running up for the second time of the day, thanks to a new partnership with Microsoft. I sold them seconds before the market closed in case they pulled back on Friday. I could have held them for a bit longer and traded out in after hours, but I didn’t want to risk a loss.

10/9:

Expired: AMD Oct 09 2020 $90 Call @ $0.86

Late Thursday night news broke that AMD was in negotiations to acquire Xilinx for $30 billion, so I had a sliver of hope my AMD calls would work out. However, the market decided it did not like this deal and dropped 5% in premarket. It never really recovered, so these options expired worthless.


Active Positions:

TickerBuy PriceCurrent Price
AMD$75.20$83.10
AMD Oct 16 $85 Call$4.36$1.49
BA Nov 20 160 Call$13.20$16.70
CLX Jan 15 200 Put$7.70$6.50
BBBY Dec 18 15 Call$2.52$6.95
SAP Oct 16 160 Call$2.00$1.15
PRPL Oct 16 25 Call$0.75$3.90
MKC Oct 16 180 Put$1.92$0.10
MKC Oct 16 210 Call$1.54$0.025
SPCE Oct 30 $24.5 Call$1.20$0.90
TIF Nov 20 $125 Call$1.55$1.48
SPY$333.22$346.85
SPY was added for benchmarking my performance

Closed Positions:

TickerBuy PriceSell Price
SPY Oct 9 335 Call$4.00$6.40
SPY Oct 9 335 Call$4.00$8.50
GME$12.98$13.50
AMD Oct 16 $90 Call$0.86$0.00

Weekly Gain (Realized):

WeekWeekly GainSPY Weekly Gain
10/9/20206.22%3.90%
10/2/202019.83%0.19%
Total14.83%4.09%

Want More Like This?

  • Friday Pick’em: 07/09/21
    Our pick from last week did not fair so well… but this time will be different, we swear!
  • Friday Pick’em: 07/02/21
    Rising fears of inflation and predictions of massive crashes can’t stop the market from hitting new highs… looks like it’s still “game on,” at least for the time being
  • Friday Pick’em: 06/25/21
    TSLA, ROKU and SPCE all had major moves this week, too bad none of them were on our list. Maybe we can pick one of next week’s movers though…
  • Friday Pick’em update: 06/18/21
    No new picks this week, just updating the list.
  • Friday Pick’em: 06/11/21
    AMC happened this last week… Did anything else? We can’t remember… AMC definitely did some things though.
  • Pick’em Update: 06/06/21
    No new picks, been a busy week. This is just an update on how our picks are doing.
  • Friday Pick’em: 05/28/21
    After a taking last week off, we return to assess the damage, but instead were happy to see on stock nearly double! Betcha can’t guess what it was…
  • Friday Pick’em: 05/14/21
    Welcome to the Friday Pick’em: Ape Edition! Care to take a wild guess at what stock we’re riding next?
  • Friday Pick’em: 05/07/21
    It’s the first week of May, and it doesn’t look like everyone is selling this time. How did our picks weather the rotation? Read on to find out!
  • Friday Pick’em: 04/30/21
    We’re smack dab in the middle of earnings season once again, and the SPY is continuing to push new highs. Let’s see if we can ride the momentum!

Leave a Reply

Your email address will not be published.