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% |
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 CallsKyle 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 DipWe look at three stocks that have to potential to bounce next week after their stocks fell post earnings.
- Weekly Trade Log: 02/08/21After 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: 2/01/21With the Mother of all Short Squeezes on the precipice of being Squoze, I realized some very large gains on the week
- Weekly Trade Log: 01/25/21Two 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: 01/18/21Big gains from BBBY are negated when I repeat several money losing mistakes this week. When will I learn?
- Weekly Trade Log: 01/11/21The 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: 12/21My first realized loss in a while, thanks to some emotional options trading on SPCE. An expensive lesson learned!
- Weekly Trade Log: 12/14Stimulus gridlock and a failed test flight from Virgin Galactic on Saturday are setting the stage for a rough week coming up