John R. Conway's  Instablog

John R. Conway
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I currently work full-time as a chef and enjoy investing in the day time. I am a graduate of the University of Missouri-Saint Louis and reside in Saint Louis. I enjoy trading stocks and options and prefer to use deep in the money calls as a stock replacement strategy. When I am not investing I... More
  • July/August Performance 0 comments
    Sep 19, 2012 4:14 PM

    July 15 Smith & Wesson

    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

    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

    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

    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

    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)


    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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