Adjustments and Comments to Select Advisory Letter Trades
11/6: ALL – Shorted Dec (12/15) $95/87.5 bull put spread for $.71/share. 11/15: Mid-point to close is $.37/share, try to close half at $.25/share and $.10/share, move stop $98.08.
11/9: CAT – Shorted Nov (11/17) $139/142 bear call spread for $.35/share. 11/15: Closed at $.05/share for 86% of Max Gain.
11/13: CME – Shorted Dec (12/15) $130/120 bull put spread for $.52/share. 11/15: Close half at current mid-point $.23/share (56% Max Gain) in 2 days, bid $.10/share to close back half, and move stop loss to $139.48.
11/13: CME – Shorted Dec (12/15) $135/125 bull put spread for $1.50/share. 11/15: Close half at current mid-point $.80/share (47% Max Gain) in 2 days, bid $.30/share to close back half, and move stop loss to $139.48.
10/30: GLD – Bought half lot $121.17. 11/15: Sold Nov (11/17) $123 calls for $.41/share to convert to covered call and lower cost basis to $120.96. If trades over $122.36, can add back half of stock, and roll the call to Nov (11/24) $123 calls. Move stop $121.18.
11/6: NKE – Shorted Nov (11/17) $54.5/50.5 bull put spread for $.30/share. 11/15: Closed at $.05/share for 83% of Max Gain.
11/6: PGR – Bought stock at $50.28. 11/15: Move stop $51.08, sold half at $51.35 for $1+ gain, and try to sell back half into new high around $52.00.
11/6: PGR – Shorted Dec (12/15) $49/45 bull put spread for $.50/share. 11/14: Move stop $50.08.
11/13: TEL – Over $93.75, consider shorting Dec (12/15) $90/85 bull put spread (32 DTE) for a limit of $.52/share (closed at $.57/share). ROI 11.5% if expires worthless. Stop Loss: $90.48. HOLD OFF SINCE DEEP RETRACEMENT.
11/15: TXN – Under $96.28, consider shorting Dec (12/15) $100/105 bear call spread (30 DTE) for mid-point (currently $.57/share). Stop Loss: $99.22.
11/14: WMB – Bought Dec (12/15) $29/27 bear put spread for $1.17/share. 11/15: Current mid-point to close is $1.54/share, try to sell half for $1.60/share (36% gain), move stop $27.55 and trail over prior day’s high to preserve gains.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
