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John R. Conway's  Instablog

John R. Conway
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When I am not trading/investing I enjoy cooking, which is my second passion next to investing. I currently reside in St. Louis, Missouri and I am a graduate of the University of Missouri-St. Louis with a Bachelor of Liberal Studies. I also was in the US Army for eight years in the reserves/in... More
  • July/August Performance 0 comments
    Sep 19, 2012 4:14 PM

    July 15 Smith & Wesson http://seekingalpha.com/article/721321-trading-options-on-smith-wesson-reloaded

    Trade Idea: Vertical call spread or deep in the money call--The company once again beat expectations and investors made money. Weather one likes options or buying stock SWHC has been on a tear since the beginning of the year. I still like the stock and I don't expect major changes to gun legislation that would impact the stock. Stay Long.

    July 18 Reverse Iron Condor On Amazon's upcoming earnings http://seekingalpha.com/article/728511-revisiting-the-reverse-iron-condor-on-amazon-s-upcoming-earnings

    Trade Idea: Reverse Iron Condor that produced a small profit and if investors held on after earnings the stock had a nice pop. Amazon has rallied about $30 since. I would be looking to do a similar trade on Amazon for their next upcoming earning, since earnings can be volatile.

    July 31 Trading Options On Home Depot and Lowes Upcoming Earnings http://seekingalpha.com/article/766141-trading-options-on-home-improvement-retailers-upcoming-earnings-lowe-s-and-home-depot

    Both were successful and I traded Home Depot for a nice profit. I would be looking to do a straddle or strangle for their next earnings. Since the beginning of the year every single time a straddle/strangle has been done (at least 2 weeks prior to earnings) these have continued to be successful.

    August 1 Bearish ideas on Facebook and General Electric http://seekingalpha.com/article/770831-2-short-term-bearish-option-ideas-on-general-electric-and-facebook

    The vertical put spread on Facebook would be successful when Facebook was in the 17 range, but since then the stock has been on a rally. The option play on General Electric was a cheap insurance play that I did not participate in. I am neutral on Facebook and bullish on General Electric.

    August 30 trading options on Philip Morris http://seekingalpha.com/article/836871-trading-options-on-philip-morris

    The trade didn't initially work out as planned, but I kept adding to the position and was able to break even/make a small profit. i still like tobacco, but 92.50/94 is my price target for PM. I am neutral on PM as I can see rotation out of these dividend giants and money will be flowing into growth stocks.

    Current articles working on ----Sherwin Williams (NYSE:SHW)

    Still bullish on (NYSE:GE) (NYSE:MO) (NYSE:T) (NYSE:VZ) (NASDAQ:INTC) (NASDAQ:AAPL) (NASDAQ:SWHC) (SHW) (NYSE:HD) (NYSE:LOW) (NYSEARCA:IAU) (NYSE:KO) (NYSE:BRK.B) (MBIA)

    I will continue to provide option based articles, but my shift will focus on stocks, since I have taken on more responsibilities in my employment as a chef. I will still be doing option plays, just the frequency will not be as much. Feel free to message me for any questions/trade ideas. Thanks again for following and look forward to talking to you soon.

    Disclosure: I am long RF.

    Additional disclosure: long MO, GE, IAU, ,T RF, MBIA, KO, INTC, common stock

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  • $SHW a good time to take some profit and buy on a dip. Still in a long term uptrend
    3 days ago
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