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Kyle Hedman Trade Log

Weekly Trade Log: 12/14

Stimulus gridlock and a failed test flight from Virgin Galactic on Saturday are setting the stage for a rough week coming up

What started out as a good week ended poorly thanks to the continued stimulus deadlock. Virgin Galactic had their test flight take place on Saturday, only to abort shortly after ignition due to a communications issue. That probably won’t be good for my SPCE options on Monday morning…

12/07:

Sold: SPCE Dec 18 $28 Call @ $4.00
Buy: AMC Dec 18 $3.5 Call @ $0.36

I sold out 25% of my SPCE calls here to get my initial investment back. I figured this was a good way to hedge my bets against any unforeseen issues with the test flight scheduled for the weekend. Turns out that this was a good move. The AMC calls I bought was mostly just to mess with Dan on the latest episode of 2 Bulls in a China Shop. Not the best way to make investment decisions, but I figured it’d be worth the entertainment value if it didn’t work out.

12/08:

Buy: GME @ $16.99
Sold: GME @ $15.10

My big blunder of the week. After looking at the short interest on GME, I started questioning my initial thought process that had me bearish on the earnings call. If I had stuck with my first instincts and shorted the stock, I would have done very well. I guess it’s karma for buying those AMC calls the day before…

12/09:

Buy: CRM Mar 19 $250 Call @ $8.70

CRM dropped on Wednesday after stimulus woes affected the broader markets. I decided to double my initial bet here to give me a few more contracts to sell off on the next bump. Fingers crossed, these contracts are expensive!

12/10:

No Trades

12/11:

Sold: SABR@ $11.30

SABR’s run finally came to an end and my 10% stop loss kicked in. I may look to buy back into them if they drop to the low $10s, they should bounce back once a new stimulus package gets worked out.


Active Positions:

TickerBuy PriceCurrent Price
CLX Jan 15 $200 Put$7.70$5.15
BBBY Dec 18 $15 Call$2.52$4.20
SAP$133.80*$120.85
SONO Dec 18 $17.5 Call$1.33$3.40
JWN $23.30$30.82
SPCE Dec 18 $28 Call$0.95$5.10
AMD$81.92$91.65
NIO$46.95$41.98
SPCE$27.91$32.04
CRM Mar 19 $250 Call$9.60*$8.68
EMR$80.00$82.42
AMC Dec 18 $3.5 Call$0.36$0.51
SPY$333.22$366.30
SPY was added for benchmarking my performance
*SAP and CRM Calls buy price averaged over two purchases

Closed Positions:

TickerBuy PriceSell Price
SPCE Dec 18 $28 Call$0.95$4.00
GME$16.99$15.10
SABR$8.65$11.30

Weekly Gain (Realized):

WeekWeekly GainSPY Weekly Gain
12/11/20209.96%-0.96%
12/04/202011.32%1.70%
11/27/202012.68%2.35%
11/20/202016.66%-0.77%
11/13/202027.67%2.27%
11/06/20200.00%7.23%
10/30/20204.27%-5.56%
10/23/20208.71%-0.43%
10/16/2020-23.85%0.13%
10/9/20206.22%3.90%
10/2/202019.83%0.19%
Total16.63%9.93%

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    Stimulus gridlock and a failed test flight from Virgin Galactic on Saturday are setting the stage for a rough week coming up

2 replies on “Weekly Trade Log: 12/14”

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