The overall market finally pulled back bringing most stocks with it. I expect SQ to trade lower with Feb 2's candle.
If we make it down to the 100 day SMA and/or the lower trendline, I will buy more shares. This would require support to fail at the 50 day moving average (SMA or EMA). Play the bounce accordingly as well if we trade down to the 50 day SMA or EMA for shorter term trades.
Earnings is on February 27, 2018 after market close. I plan on holding through earnings as SQ is a company I believe in and love their product/business model.
I have $46 and $50 strikes covered calls for regular February expiry. If I see significant downside coming, I will buy 3 x $48 16 March 2018 puts to protect my investment.
My current Leap Call Diagonal (LCD) spread has a max profit at a share price of $43 for regular February expiry. However, if I see there is significant downside coming, I plan to buy 1 x $40 16 March 2018 put to protect my LCD position.
If we make it down to the 100 day SMA and/or the lower trendline, I will buy more shares. This would require support to fail at the 50 day moving average (SMA or EMA). Play the bounce accordingly as well if we trade down to the 50 day SMA or EMA for shorter term trades.
Earnings is on February 27, 2018 after market close. I plan on holding through earnings as SQ is a company I believe in and love their product/business model.
I have $46 and $50 strikes covered calls for regular February expiry. If I see significant downside coming, I will buy 3 x $48 16 March 2018 puts to protect my investment.
My current Leap Call Diagonal (LCD) spread has a max profit at a share price of $43 for regular February expiry. However, if I see there is significant downside coming, I plan to buy 1 x $40 16 March 2018 put to protect my LCD position.
Сделка активна:
Purchased puts to cover my LCD and shares positions.
Комментарий:
Looks like we should open tomorrow in the green box. My ideal spot to buy more shares is off the lower trend line and/or the 100 day SMA (blue line).
Сделка закрыта вручную:
Closed the LCD for a little over 1R gain. Will look to pick up more shares off the lower trendline/100 day sma. If we break the trendline, I plan to sell some puts for a strike of $30 or less.
Earnings is on February 28.
Earnings is on February 28.
Комментарий:
Setting a limit buy at $37.50 for 100 more shares.
Комментарий:
Covered calls expired worthless today!! Free $200