Directional Positions (Not Spreads)

Okay, due to my stops being activated in 5 of my BUPS and 1 of my BCS, and buying back the short sides, these are now a regular directional trade. Actually, if you think about it, BUPS and BCS are also directional trades, just they are spreads.

Here are my stops and positions on the following:

- AAPL - 185P - hard stop = 197.25, target = 177-183
- BIDU - 370P - hard stop = 398, target = 358ish
- FSLR - 240P - hard stop = 275, target = 257
- WYNN - 105P - hard stop = 112.80, target = 99
- CMI - 125P - hard stop = 126.70, target = 118.25

- BG - 125C - hard stop = 118.50, targets = 125.60, 132

I expect tomorrow for me to have to buy back my short AMZN position, so here will be my stop and target:

- AMZN - 100C - hard stop = 94.75, target = 101

Today I did have a couple directional trades on CMI and RIG. The stop and target on CMI is the same as above.

My RIG trade, I could not get in the groove of this. My put position turned against me and I was taken out. By the time I decided to switch my position at where I was stopped out of my put, that was the wrong time to get into a call. Got stopped out there, too. So, I had 2 costing trades on RIG and decided to stay out after that. Usually I do well with RIG, but not today.
Labels: , , , , , , , edit post
0 Responses

Amazon Store