The Fab 5 update – 07/14/2013

I came into this week with 4 positions so I had one empty slot to fill. I ultimately chose $PCYC (from my early bird candidate list) as it looked ready to breakout. Both $PII & $WLK had made several attempts at closing above the key $100 level and finally where able to close out the week with a Day #2 above it. $PCYC managed to hold its gains to record a Day #3 and get the Complete status.

As I noted on my twitter stream, at the moment I have all 5 positions above the $100 level at once – a first time for this occurrence.

$TSLA has earnings on July 22 so I will need to adjust the current Collar from the July option chain out to a weekly or to the August monthly before Friday expiration. $BA is the other position with July options so I need to determine if I close the trade this week – or adjust to August and leave it (has Complete status already so I likely will exit the position).

Here is the Summary:


2 thoughts on “The Fab 5 update – 07/14/2013

  1. Pingback: Following the plan to adjust a Collar in Tesla | 1nvestor

  2. I did 2 adjustments on 7/16. One was noted in a Blog post. The other was to BtC the July 90 Put at a $.07 average. Now own an August 125 Collar.

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