I don’t have much to discuss this week, as I had to step away from the markets for a bit after what happened with GameStop and Robinhood. I’m still holding my shares in AMC and GME as I do believe in these companies abilities to reverse their downward trend. AMC staved off bankruptcy after converting debt to shares and GME has Ryan Cohen on it’s board now.
02/01:
Buy: GME @ $179.75
This was a mistake to buy more so quickly, and this was the reason why I stepped away from the markets for a couple days. I do plan on buying more shares to bring my dollar cost average to more reasonable levels, but I need to wait for the price to settle down somewhat. I’m targeting under $40/share right now.
02/02:
No Trades
02/03:
Buy: AMD Mar 05 $95 Call @ $2.25
This move was something I planned last week when I saw AMD near it’s ATH prior to releasing their earnings. I waited for the price to drop after the release and bought these calls at a discount. This is the same type of move as the one I did with LOGI and I’m hoping to see similar results.
02/04:
No Trades
02/05:
No Trades
Active Positions:
| Ticker | Buy Price | Current Price |
| BBBY | $18.36* | $26.54 |
| SAP | $133.80* | $130.29 |
| SONO | $18.33 | $31.00 |
| JWN | $23.30 | $34.06 |
| SPCE | $26.71* | $54.34 |
| GME | $254.34 | $63.77 |
| NNDM | $17.65 | $14.90 |
| AMC | $14.50* | $6.83 |
| VXX | $21.00 | $16.47 |
| CRM Mar 19 $250 Call | $9.60* | $7.65 |
| NNDM Feb 19 $100 Call | $2.00 | $0.79 |
| AMD Mar 05 $95 Call | $2.25 | $1.75 |
| SPY | $333.22 | $387.71 |
*SAP, BBBY, SPCE, AMC and CRM Calls buy price averaged over two purchases
Closed Positions:
| Ticker | Buy Price | Sell Price |
| No Positions Closed |
Weekly Gain (Realized):
| Date | My Gains | SPY Gains |
| 02/08/21 | 0.00% | 4.77% |
| 01/29/21 | 44.71% | -3.35% |
| 01/22/21 | 16.05% | 1.91% |
| 01/15/21 | -2.64% | -1.46% |
| 01/08/21 | 35.00% | 1.97% |
| 2021 Total | 21.49% | 3.70% |
| 2020 Total | 16.22% | 12.20% |
| Total | 46.31% | 16.35% |
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