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Trade Alert – More insurance, hedging and some call options too

March 12, 2014 by Cody Willard

$Copper is absolutely crashing. Disparate markets around the world dislocating. Not bullish for stocks near-term, methinks.

Meanwhlie, $GOLD is spiking again.

Things could get ugly. Be careful out there, stocks ain’t cheap, markets are straight up and dislocating and it’s been a HUGE rally over the last five years. Just sayin’.

Here’s what I’m doing. I’m buying puts on the $XRT as a potential short. This is more insurance and hedging. I do think the bigbox retail and consumer economy are in SECULAR DECLINE, although I’m concerned that the consumer is in a CYCLICAL UPSWING, and perhaps accelerating for the next couple quarters. At any rate, I’m buying the April and May XRT puts with strikes around $80. 

I’ve also sold 90% of my $PLUG and $BLDP put options, locking in gains of 200-300% by the time that stock was done crashing yesterday. Holding the rest as I think there’s still downside over the next few days or weeks.

I’m also going to short a few shares of $P again, re-entering this position at about the levels I’d covered it at for a loss on the last go round, as that stock looks like it’s finally broken. First tranche, maybe about 1/3 as big as I’d like to make it.

Meanwhile, I’m going to buy some $AAPL call options here, as it looks ready to head higher as a safe haven stock if the momentum money flees the highflyers and is likely got upside along with a continued broader stock market rally if I’m wrong about buying the above mentioned insurance via puts. I am buying the July $550 AAPL call options.

Don’t forget this week’s Live Q&A Chat at 2pm EST at https://tradingwithcody.com/Chat.

Related posts:

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Trade Alert: Taking profits on our puts, buying some cheaper puts too
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Filed Under: Trade Alert

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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