I’m writing this from Amaris’s bedside in the hospital. She’s in a great mood and feeling better. Markets tanked. Remember yesterday I was wondering where the fear has been. Well, here we are, eh? Remember that I’ve been nibbling some puts here and there and just added to them on March 6, when the DJIA […]
Trade Alert: Nibbling some puts again
We’ve all heard and read the supposed pros and cons of Trump’s threatened steel and aluminum tariffs for the past few days. The positives of tariffs on steel and aluminum pretty much belong to steel and aluminum companies and to Trump’s cronies like Wilbur Ross, who has made billions in the steel industry over the […]
Trade Alert: Nibbling some IWM puts and trimming some 3-5 baggers
I just finished my first 30 minute 1-on-1 chat with a Trading With Cody Lifetime Subscriber. The 100 slots are going fast but there are a still a few available. Click here to learn more Trading With Cody 4 Life. Long-time subscribers know that “Trading” With Cody can be a bit of a misnomer because […]
Trade Alert: Trimming some of those puts
I was on the phone right now with the CEO of The Street and we had to hop off now that the DJIA is -1400. I’m writing a note to send out to subs now. Be cool. Maybe trim a couple puts or two. This has gotten ugly quickly. Here’s what I’m doing. I’m trimming […]
Trade Alert: What I’m doing with our IWM puts
I wish I’d done it earlier this morning, but I thought we might have some drift lower into the weekend, but anyway — I’m going to sell 1/3 of them this morning, sell 1/3 of them and let 1/3 of them convert into a bigger IWM short position. These puts were basically worthless last week, […]
Trade Alert: Apple trim and Spy puts
Part of the recent strong stock market action is most easily described as momentum. Momentum moves, both rallies and sell-offs, can last longer and go further than you ever think possible,. a large contingent of money managers that are underperforming the markets this year and they are hoping for a pullback. Meanwhile, the shorts didn’t […]
Trade Alert: I spy puts (and the Virtual Reality Revolution)
I’m going to hedge the portfolio a little bit more by buying some puts on the SPY and the QQQ. We’ve had a heckuva rally from the February lows and I am just going to buy a few puts to provide a little more downside protection in case the markets do get ugly again. I’m […]
Trade Alert: Puts on a new name and taking profits elsewhere
Time to lock in some more profits on our Netflix and Amazon call options that we’d bought right near the bottom back a month ago today (See Trade Alert: Panicky action, buying call options and Trade Alert: More NFLX and AMZN options). I didn’t catch the exact bottom in those stocks for the buy and I’m not catching […]
Trade Alert – Partial profits on KNDI puts PLUS Chat Room
As I mention below, I’ve raised cash, reduced the size of our longs, cut our number of longs in half and put on some more shorts in the last year. I certainly wish I’d gone almost all to cash and loaded up on shorts back when I wrote “The Great Corporate Debt Bubble“, but I […]
Trade Alert: Selling the IBB puts
Turns out the IBB puts have been a pretty decent hedge after all. I bought January IBB puts back in October to help hedge the portfolio against a major market sell-off and they have kicked in as the markets have tanked so far this year. They expire tomorrow and with the $280 strike prices now […]
Trade Alert: Trimming some IBB puts
The markets have faded lower all day, and I’m still waiting for another whoosh down before getting aggressive in my buying. Still heavy on cash, still being patient as we scale into some more long exposure and today I’m scaling out of a little bit of short exposure. It’s probably not a bad idea to […]
Trade Alert: Buying puts on an ETF
Don’t forget to join me for this week’s Live Q&A Chat at 2pm ET at https://twc.scutify.com/members or on the Trading With Cody app. This is such a great quote: “The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.” G. Soros. Did you realize […]
Trade Alert: Nibbling on fast food puts and other notes
TRADE ALERT I’m going to start slowly but surely scaling into a few McDonald’s $MCD puts. I’m using puts instead of common stock because the premiums on the puts are negligible and by using put options, I am limiting any losses to the small amount of capital I’m using to buy these options. I’m buying a […]
Trade Alert: Selling remainder JRJC puts, Markets commentary and my first two months trading
Go Home with the JRJC Profits Time to sell the last of our JRJC puts for some very nice gains. The stocks is down nearly 60% in the six weeks since we bet on the stock going down with out of the money puts. My last tranche of remaining puts now have gains between 200-300%. […]
Trade Alert: Taking a tranche of profits on JRJC puts PLUS Analysis on Apple, The Fed and the Alibaba IPO
The trade I am slowly putting out some offers to sell about 1/5 of my JRJC puts. I never was able to borrow any shares to short on JRJC but I did get filled on my some my puts from a couple weeks ago when I’d written: “Here’s one I’m trying to short right now and […]
Trade Alert – Taking the huge profits on my PLUG puts and listening to the bears growl
The bears are getting loud and that’s been a short-term reciple/indicator for a bounce the last few months or year or so. I’m looking to start scaling back into some more longs and have been covering a few shorts like the $P as noted Friday and next, with my $PLUG puts. I bought the $PLUG puts when the hype […]
Trade Alert – Selling most of my fuel-cell bubble puts for huge profits
Wow, what lucky timing I had on our fuel-cell puts that I bought yesterday. And here both $PLUG and $BLDP are down between 15-25% on the day. I’m selling most of my puts now, locking in 50-100% gains on them, and keeping a few on the sheets just in case they crash further before […]
Trade Alert – Trimming our biggest position and buying puts on two bubbled fuel-cell stocks
The weakness in the momentum highflying stocks like Tesla, Zillow, and DDD remains noteworthy. I’m growing increasingly bearish about the near-term, but not necessarily changing anything in the portfolio. I am however going to trim down a bit of our biggest position, Facebook, just to lock in some more profits. I’m also going to buy […]
Trade Alert – Buying some index puts and two tranche buys too
So…are there ANY bears or shorts out there reading this? Are the shorts dead? Does that mean a short-term top is around the corner again? I want to hear from all of you here on Scutify! Post a Scuttle here: http://www.scutify.com/scuttles.html. Trader’s Deep Thought of the Day – Why aren’t you scared about a crash? Haven’t […]
Trade Alert – Volatility buyback and a tranche of bubble puts
One of our shorts, $IBM, is down pretty big today after an ugly earnings report last night. One of our longs, $INTC, is down fractionally and there was nothing earth-shattering in last night’s report there. Another short of ours, Goldman Sachs is down pretty big today too after a sloppy earnings report that showed less […]