JCP Trade on Jan 5, 2015 11:48 from tombro: Tradervue User Stock Trades.

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Shared by:
tombro

 

Pullback short to 20 DMA, Stock at 6.45
Stop 6.57 or Wednesday if it hasn't moved
01-06-2015 UpDate - Stopped out
Stock tanked after getting stopped out and the option had a High of .45 and closed 36bid-.39 ask


Execution detail:

Date/time Symbol Side Price Position
2015-01-05 11:48:49 JAN 15 6.5 PUT buy $0.3900 long
2015-01-06 10:09:52 JAN 15 6.5 PUT sell $0.3300 0

Comments

Gravatar pstark89
January 06, 2015

Tom -- I see your thinking with this. Do you do a lot of options plays? Just curious.

Gravatar tombro
January 07, 2015

Hi Peter, I don't do a lot right now, I used to do more, but frankly was not great at it. One of the things I like so much about this class is that it has really got me thinking about, and thinking through what kind of trades feel right to me. And as for options, the simpler strategies like buying calls or puts, or vertical spreads, because of the directional nature of those trades feel better.
I got stopped out of this today (Tuesday) for a 20% loss, I closed the GPRO trade today too for a 30% gain, both obviously tiny positions. I'm just working on getting repetitions.

Gravatar tombro
January 07, 2015

Gee I'm glad I got stopped out, I just saw JCP hit $7.90 in the afterhours.Haha!

Gravatar pstark89
January 07, 2015

They just came out with same store sales for December. Personally I think it's a blip but you can't fight the chart.

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