Position Updates – 03/29/2014

I came into this week with heavier cash position (mostly driven by March Option trades being closed and being a little more cautious with a more nervous market). Earnings season is winding down but still found ample opportunities (several on a post-Earnings move). I was able to do several regular trades as well.

Here are the newly added positions that survived into the weekend:

  • $CRR I own an April 125/130/120 Risk Reversal Call Spread. The CS is currently capped
  • $INSM I am Long the April 17.5/20 Call Spread (initially did a stock trade after the Phase II data release for a gain of $3.22)
  • $NUS I am Short stock at 95.62 with an April 4 weekly $85 Bear Collar. The Short position is currently capped by the short Puts in the BC
  • $SQQQ I am Long the April 55/60 Call Spread (portfolio hedge). There is a $.87 gain on the ETF already booked (used the proceeds to help pay for the CS)
  • $STKL I am Long the April $10 Calls
  • $BOFI I am Long the April 85/90 Call Spread. There is a gain on the initial stock trade of $8.80 (submarine basket)
  • $PBR I am Long at 11.75 with an April 4 weekly $13 Collar (submarine basket)
  • $GIII I am Short the April 75/70 Strangle with a short stock piece (hedge). There is an additional cushion of $1.52 from the 1st stock hedge. Options Net: $4.75
  • $PVH I am Short the April 120/125 Strangle with a Long stock piece (hedge). I have done several hedges for an additional cushion of $4.72 & have an Options Net of $5.55
  • $RH I am Long the April 65/70 1×2 Call Ratio with a Long stock piece (hedge). This is currently 1.5x size & this is the 3rd trip with a long stock hedge (I have an additional cushion of $2.265) . Options Net: $.14

Exits this week (including newly added positions that were closed):

  • $ICPT
  • $UBNT
  • $Z
  • $IP (submarine basket)
  • $MA (submarine basket)
  • $CCL (Earnings)
  • $FRAN (Earnings)
  • $LNN (Earnings)
  • $ACN (Earnings)
  • $GME (Earnings)
  • $LULU (Earnings)
  • $WAG (Earnings)

Current Submarine Basket:

  • $BOFI
  • $FNSR
  • $FSLR
  • $KR
  • $PBR
  • $PG

Earnings:

  • $KBH
  • $NES
  • $NKE
  • $GIII
  • $PVH
  • $RH

Here is the Summary:

Positions_03292014

 

 

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