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.

Huntington Success

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Well, it’s another terrific trading day, with financial weakness leading the way. I have puts on a variety of financial-related instruments (BAC, FITB, HBAN, MET, PRU, TD, WELL) and my best percentage gainer from all my positions (+137% at the moment) are my July $13 puts on HBAN. I’ve trimmed this by about one third, since I’m fighting being greedy. Bears and Banks are good friends right now.

This has taught me not to shun puts on stocks with nominally low prices. See, I usually like stocks that are expensive since there’s plenty of juice to squeeze. But HBAN is by far the cheapest nominal stock in my portfolio (only $9.54 right now!) but it’s done GREAT for me, whereas MDB, which is in the hundreds of dollars, has produced nothing but losses for me all year long, in spite of its ostensibly good pattern.