Categories
Kyle Hedman Trade Log

Weekly Trade Log: 12/21

My first realized loss in a while, thanks to some emotional options trading on SPCE. An expensive lesson learned!

As mentioned last week, the aborted test flight by Virgin Galactic caused the biggest headache for me. SPCE shares dropped most of the week. I still like the stock long term, so I continued to buy shares but the value of my call contracts did not survive. At least I had SONO to salvage the week.

12/14:

Buy: SPCE Apr 16 $30 Call @ $5.50
Buy: SPCE Dec 18 $28 Call @ $1.35
Buy: FDX Dec 18 $300 Call @ $7.50

The theme of me buying more SPCE started Monday with call options, although I pulled the trigger too soon. I should have waited another day to see where the price stabilized. I bought the FDX calls to back my bet from last week’s 2 Bulls podcast.

12/15:

Sold: NIO @ $41.93
Sold: EMR @ 81.50
Buy: SPCE @ $26.40
Buy: SPCE @ $26.00

I started running out of funds while I was trying to scoop up more shares of SPCE. I had to sell out of NIO and EMR to fund these purchases and so I could exercise my remaining options in BBBY and SONO later in the week.

Sold: SONO Dec 18 $17.5 Call @ $4.00
Sold: SONO Dec 18 $17.5 Call @ $5.00

I sold 60% of my SONO calls at $4.00 and less than an hour later, the stock started running again. I sold of another 20% at $5.00 and held the rest to exercise at the end of the week. I had to take a break for a bit after this to clear my head, as one can imagine.

12/16:

No Trades

12/17:

No Trades

12/18:

Exercised: BBBY Dec 18 Call @ $15.00
Exercised: SONO Dec 18 Call @ $17.50

I exercised both of these options as the bid price was below what the stock was actually trading at. This seems to be a common occurrence when trading options. I decided to hold them through the weekend as I was expecting a stimulus deal to get negotiated and figured these stocks should benefit from that.

Sold: FDX Dec 18 $300 Call @ $0.21

Ouch… Better than nothing I guess.

Expired: SPCE Dec 18 $28 Call
Expired: AMC Dec 18 $3.5 Call

Like these… Buying more of the SPCE calls is what turned my week negative overall. Maybe next week I’ll learn my lesson.


Active Positions:

TickerBuy PriceCurrent Price
CLX Jan 15 $200 Put$7.70$3.65
BBBY (exercised)$16.75$18.72
SAP$133.80*$127.34
SONO (exercised)$18.33$23.74
JWN $23.30$30.12
AMD$81.92$95.92
SPCE$27.91$23.84
CRM Mar 19 $250 Call$9.60*$9.02
SPY$333.22$369.18
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$0.95Expired
SPCE Dec 18 $28 Call$1.35Expired
SONO Dec 18 $17.5 Call$1.33$4.00
SONO Dec 18 $17.5 Call$1.33$5.00
AMC Dec 18 $3.5 Call$0.36Expired
FDX Dec 18 $300 Call$7.50$0.21
NIO$46.95$41.93
EMR$80.00$81.50

Weekly Gain (Realized):

WeekWeekly GainSPY Weekly Gain
12/18/2020-8.14%0.79%
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%
Total14.36%10.79%

More Like This

  • Organigram levels up!
    After Organigram announces a new partnership, Dan takes a closer look at OGI and what that means for both companies going forward.
  • OCGN: Experimenting with Covered Calls
    Kyle shares his experiences trading covered calls in Ocugen, Inc. (OCGN) over the last two weeks. But will there be profits?
  • 3 Bounce Back Stock Candidates Post Earnings Dip
    We look at three stocks that have to potential to bounce next week after their stocks fell post earnings.
  • Weekly Trade Log: 02/08/21
    After watching GME sink like a rock, I had to step away from the markets for a bit and figure out a plan to recover.
  • Weekly Trade Log: 2/01/21
    With the Mother of all Short Squeezes on the precipice of being Squoze, I realized some very large gains on the week
  • Weekly Trade Log: 01/25/21
    Two savvy moves in particular erase a bad bet from the previous week and take me back into the green for the year
  • Weekly Trade Log: 01/18/21
    Big gains from BBBY are negated when I repeat several money losing mistakes this week. When will I learn?
  • Weekly Trade Log: 01/11/21
    The trade log is back after taking a break over the holidays. Now we finally get to see how I finished the year against the SPY!
  • Weekly Trade Log: 12/21
    My first realized loss in a while, thanks to some emotional options trading on SPCE. An expensive lesson learned!
  • 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

Leave a Reply

Your email address will not be published.