Ricardo Espinosa

Long/short equity, value, growth at reasonable price, portfolio strategy
Ricardo Espinosa
Long/short equity, value, growth at reasonable price, portfolio strategy
Contributor since: 2012
9/23/14
Ricardo Espinosa
Still holding $TLT long via short puts and short $USO calls. Great failed breakout by $USO, looking for it to go below 34 soon
9/10/14
Ricardo Espinosa
$SPY being pulled like a magnet to its fibo pivot at 197.36, which is around the 50dma at 197.25. Meanwhile, I´ll cover my $USO 34/36 short
8/25/14
Ricardo Espinosa
$SPY left many gaps on its way up to 2k...today´s gap needs to be filled and is around 199.50ish. Doesn´t need to be filled today but maybe.
8/25/14
Ricardo Espinosa
STO $CMG Aug 29 670/685 @8.30 credit each. Overvalued and acting weak, also acting as a hedge to the long positions.
8/25/14
Ricardo- Is it advisable to take this position not as a hedge? risk reward is 50% but what is the probability of staying out of the money?
8/23/14
Ricardo Espinosa
$LVS: One of the few undervalued companies left in the market: http://seekingalpha.com/a/1geyf
8/22/14
Ricardo Espinosa
Las Vegas Sands Share Valuation $LVS http://seekingalpha.com/a/1geyf
8/12/14
Ricardo Espinosa
$LVS looks prime to break out above 68, if it does, 71 is the next target.
8/12/14
Ricardo Espinosa
$QQQ gap filled at 95, now it´s time to decide to rally or fail. I say we rally/consolidate sideways from here. QQQ is still the leader.
8/12/14
Ricardo Espinosa
8/11/14
Ricardo Espinosa
Also bought back $WTW short 22 calls and left the long 20 calls run, as the price action is very strong and the company´s still undervalued
8/11/14
Ricardo Espinosa
BTO $LVS Sep 20 65/75 call spreads @4.00 each. Looks bullish as hell, is undervalued (DCF, Graham & Multiples valuation came around $80-85)
8/8/14
Ricardo Espinosa
And it´s all good! Just BTO $SPY weekly 192.5 calls @0.52 before the breakout. now at 0.70...almost ready to pull the trigger.
8/8/14
Ricardo Espinosa
Here comes the attempt to breach 193. $SPY
8/8/14
Ricardo Espinosa
And now a small rug pull to expire all the 192 $SPY calls worthless.
8/8/14
Ricardo Espinosa
Good morning Mr. Market, how are we feeling today? Pretty good I can see...gonna STC $QQQ Aug call 93/95 call sprds if gain is over 20%.
8/7/14
Ricardo Espinosa
Order to STC $NFLX 435/440 Aug 8 call spreads @4.55 almost filled...midpoint 4.47, opened this morning @3, hope you followed.
8/7/14
Ricardo Espinosa
$BBRY, on the other side, is losing the battle and I got my orders open to STO $BBRY Sep 9/11 call sprds @0.65 each...might have to pay .66.
Filled at 0.66 credit.
8/7/14
Ricardo Espinosa
BTO $NFLX AugWk2 435/440 long call spreads @3 debit, now up to 3.8...holy rally, didn´t think it would rally so fast after battling 50dma.
8/6/14
Ricardo Espinosa
$SPY long Sep 190/193 call spreads will be my hedge, looking to get filled below $1.95 per contract. Breakeven SPY @191.95, 50%+ ROI in 7wks
8/6/14
Ricardo Espinosa
$CRM looks weak as hell, looking to sell some Sep 60/62.5 call spreads around 0.65.
8/6/14
Ricardo Espinosa
$NFLX looks strong, but looking to sell Sep 480/485 call spreads around $0.70 per contract.
8/5/14
Ricardo Espinosa
Just joined $ACTINVER as portfolio manager, specialized in Mexican equities. Feel free to ask for company valuations, I got them all.
8/5/14
Ricardo Espinosa
Russia´s threat moving markets...down baby, I need to buy cheaper.
8/5/14
Ricardo Espinosa
BTO $COH Jan 15 29/32 long call spreads @2.55.As long as $COH stays above 31.55, no $ is lost and if above $32, 18.1% return, 25% annualized
11.6% downside protection.
8/5/14
Ricardo Espinosa
$COH charging higher...too bad I couldn´t get cheap enough calls on time.
8/5/14
Ricardo Espinosa
Short $WTW Oct 20 puts and long $21 Oct calls for net +0.45 per contract, still unfilled.
7/8/14
Ricardo Espinosa
Also, keep stops on $BBY around $30 as it's running out of fuel now that is has gained +30% since Jan. $COH is next up.
did you see the huge spike AH in $COH? What is that about?
The 35.75555 spike? It's not much yet, I'm looking for over $40 to sell, at least. Let's see what the price actions looks like these 3months
7/8/14
Ricardo Espinosa
$IBA shares are now 27% up since the $42.08 where I recommended to buy, place your stops around $50 and let it ride, there's still upside.
6/24/14
Ricardo Espinosa
Backing up the truck on $COH shares. Now at 9.4 P/E, 6.9 P/CF, 6.4x EBITDA. Basically valued at 0% growth forever. Few cheap companies now.
Also waiting on divi increase/freeze/decrease announcement
Nic, what did you think of the last earnings?
6/23/14
Ricardo Espinosa
$KORS will double its revenues in 4 years, says the market. $COH will grow at around 1-2%.
No one really knows what will happen and the market is frequently wrong.
Exactly, that´s why it´s an investor´s job to either conform with the market, or look for discrepancies between the consensus and reality.
6/18/14
Ricardo Espinosa
$TGT is still expensive above $45...avoid going long or shorting. Shorting this debt-ridden company could lead to tears.
6/10/14
Ricardo Espinosa
$COH finally looks cheap...valuation done, article coming this week...spoiler? Buy now around $40.