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:
| Ticker | Buy Price | Current 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 |
Closed Positions:
| Ticker | Buy Price | Sell 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):
| Week | Weekly Gain | SPY Weekly Gain |
| 10/9/2020 | 6.22% | 3.90% |
| 10/2/2020 | 19.83% | 0.19% |
| Total | 14.83% | 4.09% |
Want More Like This?
- Friday Pick’em: 07/09/21Our pick from last week did not fair so well… but this time will be different, we swear!
- Friday Pick’em: 07/02/21Rising 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: 06/25/21TSLA, 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: 06/18/21No new picks this week, just updating the list.
- Friday Pick’em: 06/11/21AMC happened this last week… Did anything else? We can’t remember… AMC definitely did some things though.
- Pick’em Update: 06/06/21No new picks, been a busy week. This is just an update on how our picks are doing.
- Friday Pick’em: 05/28/21After 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: 05/14/21Welcome to the Friday Pick’em: Ape Edition! Care to take a wild guess at what stock we’re riding next?
- Friday Pick’em: 05/07/21It’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: 04/30/21We’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!