Tuesday 10 May 2016

May 10 - Repairing GOOGL calendar

Markets are up 1% and GOOGL is up to $738 halfway through the trading day.  I should have made an adjustment earlier, but lesson learned.

I bought a May 730/740 call spread for $5.80 (x1).  This will give me some upside protection up to $740.  However, I'd rather see sub $730 prices this time next week.
  • Bought May 730 call @ $13.15 x 1
  • Sold May 740 call @ $7.35 x 1
If we get a few consecutive down days, my current setup should work well.

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At the end of the day, Dow +222 and S&P 500 +26.  Great day for my core portfolio--not so great with the options portfolio.  However, still showing a positive unrealized P/L with the options.  I'm hoping for some down days the rest of the week.

GOOGL - $739.38 (+10.25)
AAPL - $93.42 (+0.63)
MCD - $131.60 (+0.77)
POT - $16.15 (+0.54)
SLW - $18.41 (+0.21)

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