Submarine Basket

This basket of stocks contains positions that are entered with one common goal: buy on a pullback to a support level. The trade design will often be a Risk Reversal with the bullish piece being a Call Spread or Call Fly. I typically keep 4-6 positions in the basket.

last updated: 6/16/2017 3:15 PM CST


Akamai $AKAM  I own an Aug 47.5/52.5/57.5 Call Fly with short July $45 Puts
Entry date: 6/9/2017
Options Net:  -$.18
Last activity: 6/16

Expedia $EXPE  I am long stock at $77.50 with an Oct 2017 145/140 Collar
Entry date: 2/6/2015
Adj: June 2017 135/125 Collar to Oct 145/140 Collar
Options Net: $5.77
Last activity: 5/17

Grainger $GWW  I own an Oct 170/190/200 Lopsided Call Fly
Entry date: 6/9/2017
Options Net: -$3.42
Last activity: 6/9

JM Smucker $SJM
I own stock at $127.67 with a July 135/130 Collar
Initial entry:  4/13
Latest option adj:  July Put up to $130 from $125
Options Net:  $.52
Last activity:  5/27

Kimberly Clark $KMB
I own the June 120/130/140 Call Fly
Initial entry: 12/20
Latest Option adj: April CF to a June 120/130/140 Call Fly
Options net: $3.21
Last activity 3/17

 


Recent exits: 

Mar:  $EAT $PSA
April:  none
MAY:  $SRCL
JUNE: $MAT

2 thoughts on “Submarine Basket

  1. Pingback: FedEx is a candidate for the Submarine Basket - 1nvestor1nvestor

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