• Skip to content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Trading With Cody

Long-term Revolution Investments and Real-time Trades from Cody Willard


  • Twitter

  • YouTube

  • iTunes Podcasts

  • SoundCloud
  • Trade Alerts
  • Latest Positions
  • All Archives
  • Chat Room
  • Books
  • About/FAQ/More Info
    • Testimonials
    • FAQ
    • Contact
    • Privacy Policy
    • Support
    • Money management services
    • Public Speaking
    • Cancellation Policy
    • Login

Trade Alert: Taking profits on half of my $GOOG call options

January 23, 2015 by Cody Willard

Trim, tranche, ebb and flow. Keep it steady as she goes using the playbook we’ve developed of scaling into and out of Revolution Investments as we get opportunities over time.

Back on December 18, I wrote:

“I am buying a small first tranche of call options in GOOG, dated out into January 2016 with strike prices around $540 or higher. Will add a second tranche to this batch if GOOG were to get hit again in the near-term. I’d mentioned I’ve been thinking about scaling into some more GOOG exposure and this is the approach I’m taking as I already have some common from much lower prices still.”

And then I added more Google common stock to my portfolio a couple weeks ago when GOOG hit $490. The stock is now up $50 in a straight line since our second tranche in there:

Screen Shot 2015-01-23 at 10.35.07 AM

I want to take advantage of this spike making $GOOG common and the notional value of my $GOOG call options our largest position right now to trim it back down a bit and take some of the profits off the table. In that vein, I’m selling half of my GOOG call options keeping all my GOOG common stock but making it just a bit more manageable and less risky as those call options I bought have almost doubled and each call option now represents 100 shares of a $540 stock. Discipline in following our playbook as usual, see?

 

Related posts:

Trade Alert: Buying more Peanuts (and check out the new TWC Android App!)
Trade Alert: Portfolio rebalancing and more on the big QCOM win
Trade Alert: Trimming several recent big winners
Loving The Longer-Term Revolutions, Seeing Some Shorter-Term Risks
Trade Alert - Selling a Pop (and Deep Dive on Apple and Gold)
  • Twitter
  • YouTube
  • iTunes Podcasts
  • SoundCloud

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.

Reader Interactions

Primary Sidebar

Must Read Articles (Free)

How To Invest In Business Models From Outer Space
Everything You Need To Know About Cryptocurrencies

You are not currently logged in.








» Register
» Lost your Password?

Subscribe now. You can cancel at anytime.

Buy with Crypto

Footer

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.

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in