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Trade Alert: Latest positions and locking in some big profits

Cody Willard

Cody Willard

— 1 min read

You’ll notice I’ve lowered most of the long ratings 1 point. You know how I’ve been positioned for this kind of a bubbliciuos rally int he markets, and there will be another chance to get aggressively long again. The portfolio has had another heckuva run in the last few days on top of the other big run it had already just had and I’m looking to trim down some more exposure, even as I’d picked here and there on some individual long ideas this week (Trades of the Week Summation will be out in a bit).

Apple is up huge in the last two days since the iPhone release. I’m going to trim down some Apple calls a little bit today. Just a trim and it’ll still be my biggest position, but we’ve got some huge profits in some of these calls and it’s time to lock some of that in. Remember this from after the stock crashed post-earnings?

I’m going to add to my Apple position today. Apple’s already one of my top 3 largest positions and I’ve got much lower cost basis than today’s quote, but I’m going to nibble on some January 2013 calls, looking around the $650 up to $700 on the strike prices.

We’ve got doubles and triples in the calls from that trade. I’m looking to gently sell some of these calls today with the lowest strike prices first.

Here’s a list of my latest positions in approximate order from largest to smallest. I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course). Anyway, here’s the list:

Longs –

  • Apple (8)
  • Google (7)
  • Fusion-IO (8)
  • DDD (9)
  • Facebook (9)
  • Lindsay (7)
  • Amazon (7)
  • Sandisk (7)
  • F5 (7)
  • Baidu (7)
  • Juniper (7)
  • Broadcom (7)
  • Nuance (7)
  • Zynga (7)

Shorts –

  • Apollo (8)
  • Dollar General (8)
  • Dollar Tree (8)
  • LPS (9)
  • MS (9)
  • JPM (8)
  • PSO (7)
  • GLD (9)

PS. Click here to leave a review of my latest book on Amazon.com. Thanks in advance to all of you who take the time.

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