Bryce here. Cody is on the road today and we are just writing to share some portfolio cleanup that we did today. Several times a year we usually end up going through the entire portfolio and axing a few names just to keep the portfolio from becoming unwieldy. Over-diversification can actually become a hindrance to […]
Trade Alert: Trimming A Few Puts, But Mostly Holding Steady For Now
Markets are ugly today with the DJIA down about 750 points, the Nasdaq down 2.25%, and the Russell 2000 down nearly 4.5% as of this writing. The breadth of red vs green on the screens is pretty remarkable, as evidenced in the picture of random stocks/ETFs below: Markets sold off after the CPI report came […]
Trade Alert: Trimming Some Puts And A Few New Longs
Markets are down big this morning for the first time in what seems like months. Something about the jobs numbers coming in better than expected so now the Fed might have to raise again? Doesn’t matter. This market has felt pretty bubblicious for the last couple of months and the indexes have probably been due […]
Why Stocks Rallied Today + Trade Alert: Bye WORK, Hi More Index Puts + Transcript
My almost-seven years-old daughter, Lyncoln, went to the dentist in Las Cruces this morning and my wife sends me a text that says “She earned a target price for that.” I was like, hmm, a “target price?” Oh, a prize from Target! Haha. As for the markets here, it turns out apparently everybody was positioned […]
Trade Alert: Trimming Bitcoin, Buying Puts on SMH, Hedging TSLA
After years of riding this Bubble-Blowing Bull Market, crowds screaming “De-fense” in this video are me with my TWC subscribers right now, as I think it’s a better time to be defensive than aggressively long stocks, gold, bitcoin, bonds or just about anything else liquid here. I am still net long though. And this just […]
Trade Alert: SEDG’s up 500%, Reloading puts, A little trimming
It’s been an absolutely wild week of action. Nice bounce from the lows *checks charts* uh, yesterday morning. I’m nibbling a few index puts here, reloading a little bit of protection. Maybe trim a little bit of the names we nibbled on during the panic *checks charts* uh, two days ago that have bounced, such […]
Trade Alert: Taking profits on puts, and a small bet on rates
Here’s what I’m doing today: I trimmed some SPY, IWM puts. I trimmed a little of my bitcoin futures BRR. I think the rush into bonds is overdone and the TLT puts are quite cheap, giving us a decent risk/reward scenario with a tiny bit of capital. So I’m nibbling some TLT puts dated out […]
Trade Alert: More puts, Silver vs Gold, FB’s crypto vs Bitcoin and Bernice the Great Pyrenees
Here’s the transcript from this week’s Live Q&A Chat including discussion on my Tesla presentation, the market’s rally today and the new FB crypto. Q. Does it look like the Fed cuts 25 points in July and the market moves higher? A. The fact that your question implies that its fait accompli for the market […]
Trade Alert: Selling the puts, coloring up a bit more bullish
Tensions are running high on Wall Street and even in the Trading With Cody Chat Room. I’m trying to write up a Latest Positions but with the markets tanking yet again today, I’m going to sneak in another Trade Alert here. I’m selling most of the rest of my index put hedges here. On the […]
Trade Alert: Taking profits on some index puts
It’s sure gotten a bit panicky out there today as the Russell 2000 small cap index makes new lows today. The Nasdaq, S&P 500 and the DJIA are all just about 1-3% away from their intraday lows in October. There are probably a lot of algorithms and traders out there waiting to sell and/or short […]
Trade Alert: Trimming some of our index puts into another panicky open
Stocks crushed again this morning. Here’s what I’m going to do. With the Nasdaq down another 2.5% this morning, I’m going to sell about 1/3 of my SPY and QQQ puts. And that’s it for now. Lots of great Q&A from our live chat this morning including these two: Q. I remember Cisco in 2001 […]
Trade Alert: Stocks crushed. Two nibbles and locking in profits on the AMD puts
Stocks are getting crushed with the Nasdaq down more than 3% on the day as I type this at 11:25am ET. I spent almost an hour on the phone with a very insightful source who runs sales at one of our smaller cap Revolution Investments. Then I hung up the phone and checked the market […]
Trade Alert: Taking profits on our puts, buying some cheaper puts too
After a brief morning respite, the stock markets are falling again this afternoon and I’m going to make a few moves that will lock in some profits on our existing put hedges and roll our puts down a bit to balance the portfolio out a little. In other words, I’m going to sell most of […]
Trade Alert: Taking most of the profits on the AMD puts
I’m in NYC for a plethora of meetings so this will be a brief note here this morning. AMD is down almost 50% from its high just a couple weeks ago and our puts are going to be kicking in nicely with gains today. I’ll sell about 3/4 of these puts today and hold onto […]
Trade Alert: Selling more puts into the panic
Just a handful of weeks ago, which now seems like a lifetime ago, do you remember all the daytraders and momentum lovers all highfiving and joking about all the money they were making? I wrote about it thusly: Highflying stocks: Nemesis for the hubristic coming sooner rather than later August 24, 2018 by Cody Willard I have […]
Trade Alert: Locking in more profits on these puts as the markets open
Interestingly, even as the Nasdaq is opening this morning down 10% from its recent all-time highs and was down more than than 4% in one day yesterday, there’s absolutely no panic amongst Trading With Cody community. And that’s probably because of how we’ve all been preparing for this downturn by raising cash, getting cautious and […]
Trade Alert: Trimming some puts
“Capitulate and fade, Resurrect and break” — Smashing Pumpkins The DJIA is down 550 points and stocks across the board are being sold hard. I’m not sure I’d call it a full-on capitulation day, but it’s certainly getting to be capitulative. Why isn’t “capitulative” a word? How about “capitulatory”? Ah, there it is. Anyway, when […]
Trade Alert: Nibbling some longs, trimming more puts
Okay, I’m going to take advantage of this panicky sell-off action to nibble a few of my favorite longs here and to trim just another 5% or so of my puts. I’m nibbling a 1/3-sized tranche of Verizon. I’m nibbling a smaller 1/5-sized tranche of Intel. With the Nasdaq down nearly 4% on the day […]
Trade Alert: Taking more profits on puts as volatility begets volatility
Wow, ugly day again today. Volatility begets volatility, as I’d mentioned in last week’s Livestream Chat Transcript. You guys scared? Or patient? The Nasdaq has dropped 800 points, from 7600 to 6800 in the last couple weeks. Remember a few weeks ago when the markets tanked, put in a hard short-term bottom and then the […]
Trade Alert: Trimming more puts. Stocks can go down.
Let’s do this week’s Live Q&A Chat Live Stream Conference Call today at 2pm ET. You can talk to me using The IAm Cody Willard App for iOS and Android. Be sure to download it today so you can log in and ask me questions live in the video stream. I’ll also take questions over […]