There’s no other thing to say: shame on me. Below is the options chart of CVNA. I owned (past tense) March $260 puts. As the red line shows, I dumped them at a small loss. Why? Because I got nervous. I have no excuse.
Crummy Carvana Close
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Hedging Comes in Handy for MSTR Longs
Our Final Top Names Trade Of The Year
Five Big Fish
As we approach the end of the year, I was glancing at my portfolio and taking note of some positions I had sold in recent weeks which went on to much better gains. Keeping in mind these are VERY conservative positions (long-dated, in-the-money puts), the gains are that much more impressive. Or shall I say the “could-have-been” gains………..
WING March $400 puts sold @ 53.00 (went up 117%)
DHI June $170 puts sold @ 14.50 (went up 114%)
NEE March $90 puts sold @ 8.00 (went up 130%)
LUMN April $10 puts sold @ 1.90 (went up 145%)
EWZ March $28 put sold @ 2.10 (went up 205%)
The five underlying securities are shown below. The rough part is that not only have all five of these positions tacked on triple-digit profits after my own profit-taking, but I don’t think any of them are anywhere close to being done to falling!
(more…)Feeling the Pain
Just a few examples from our Options Chart product of how regret can be presented to you in an efficiently agonizing fashion.
