I identified ANET as a good long term stock to purchase, still looks good as of this writing. On 5/5 with ANET at $138.66 I purchased a long term debit spread on this stock. I was not sure how long it would take to get the profit I wanted but I was willing to wait […]
Month: December 2017
FB 5/1/2017 Look Back Trade
I placed this credit spread with FB trading at $152.20 and I was expecting it to continue to move down. I was shooting for a 30% gain. The next day FB had moved up to $153.45, not the move I expected. I started working on getting out of the trade. On 5/3 FB moved down […]
C 04/27/2017 Look Back Trade
I placed this debit spread as C was bouncing off of support. Initially I had not planned on being in the trade that long. I thought it would bounce up quickly. Took longer than I had hoped but was still able to get out with a good return. When I entered the trade C was […]
AMZN – 04/27/2017 Look Back Trade
This is another trade like the one above. This time I had price support at 9, 21 and the 50 day moving average. Also had bollinger band support and chart price level support at 907 and 896. I was so excited about the set up, I did not notice that earnings were about to be […]
AAPL – 04/26/2017 Look Back Trade
This was a very short term credit spread. The idea is to take advantage of a stock’s momentum in a particular direction and then take a very short term trade taking advantage of that. I like to stay in these trades 2 days or less if possible. You could trade these over 5 days but […]
NCR – 4/26/2017 Look Back Trade
This is a debit spread I placed in NCR based on their chart. I thought there was good potential for them to continue to move up over the short term. I entered the trade on 4/26/17 with NCR trading at $40.57. Two days later it was at $41.64 and seemed to be losing momentum. I […]
SKX 10/14/2016 Look Back Trade
I purchased a bear put spread on SKX as a hedge against my long covered call position that was losing money in this stock. I probably should have just closed the covered call position previously instead of working all the hedges. I was concerned about a potential down move in SKX that would further deteriorate […]
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