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: 5/17/2017 1:55 PM CST

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

JM Smucker $SJM
I own stock at $127.67 with a July 135/125 Collar
Initial entry:  4/13
Options Net:  $1.94
Last activity:  4/13

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

Mattel $MAT
I own the July $25 Calls
Initial entry: 4/13
Latest Option adj:  lowered strike to $20 on 4/19
Options Net:  -$3.446
Last activity:  4/19

Stericycle $SRCL  I own the Aug 2017 80/95/70 RRCS
Initial entry: 12/20
Adj: May RRCS to Aug
Options Net: $.02
Last activity: 5/16

Recent exits: 

JAN 2017:  $THC
FEB:  none
Mar:  $EAT $PSA

One thought on “Submarine Basket

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

Leave a Reply

Your email address will not be published.