Despite the market being down almost triple digits, I had an egregiously nice day with several longs (despite some mismanagement of a couple straddles).
Existing calls in [[CHK]], [[DO]], [[DVN]] led the way. [[EOG]] could’ve joined them, but I had failed to sell the puts from the straddle, so the position is just holding breakeven. And speaking of mismanagement…also failed to take advantage of the 6% earnings run-up in [[CLF]], in which I opened a strangle this morning…
But…all-in-all, a good way to celebrate my return to this here blog/tab. Holding these positions for now, but will look to sell at the first signs of weakness.
- [[CLF]] & [[CSCO]] strangles for earnings. I despise CSCO with every bone in my body, so really, the only reason I have that position is so that I can enjoy their demise all that much more.
- [[AMZN]] & [[VIP]] puts – both limit orders placed & filled below Friday’s lows.
- Sold the [[V]] earnings straddle for a somewhat decent 12.50% profit…