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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
  • April Performance Review 0 comments
    May 5, 2012 2:48 AM

    I would like to thank each and every follower for taking the time to follow me and read my articles. For those of you that are new every month I will provide an update of the trades that I have written about and invested into. I do not invest in everything I write about, but try to keep some balance. With the trades that I recommend I still try to keep the focus as if I was going to invest in them. Here is a breakdown of April:

    April 4th I bought 4 June 26 Deep In The Money Calls for 2.34 and sold for profit @ 2.59 Intel is a good candidate for the deep in the money call strategy. Generally deep in the money calls that are 2-3 strikes below the share price investors can nab for 2-2.50 depending on what's going on in the market. Intel has a history of running up before earnings and my theory proved right. look for me to do a similar trade before their next earnings, depending on how the markets are.

    April 6th buy 158/153 put spread on the GLD for 3.30

    i did not play this trade, but this trade would have produced a loss. Gold has been trading sideways and for the time being i don't see much upside in the short term and it looks as if the downside is limited. Gold is currently trading sideways with no near term catalysts.

    April 10 Sell may 67.50 cash secured put on BUD for $120

    trade still currently profitable and investors will be keeping 120 bucks as long as BUD stays above 67.50

    April 11 Reverse Iron Condor on Amazon for 435-- This trade was a grand slam and made the max $295 gain. This was my first reverse Iron condor trade. In the future there is only a handful of stocks that I would currently trade this strategy on due to a history of their large price movements.

    April 17 Deep in the money calls on AA $8 July calls---you could have traded these for a quick profit. I still like Alcoa and with the market slide today the calls just got even cheaper. If AA goes to 8 under no negative news from the stock-- look for me to pull the trigger.

    CF 180/185 call spread--this trade was profitable in about the time it took me to write the article. CF slide down today, but the trade was at max profit days before the stock tanked. watch the 180 level in CF and the only way I would play CF is with Reverse iron condors or spreads. Stock is too volatile for a directional strategy

    April 23 BRK.B sell June 77.50 put for 100--Stock still above 77.50 and investors will be collecting 100 as long as stock stays above 77.50

    April 23 COST (Costco) I bought the June 85 calls for 4.30 and sold out at 5.05 the trade i recommended was the 85/87.50 call spread and either way you would be a winner as the trade was profitable before the market pullback on thursday and friday. In the long term I still like the story on Costco, but wait for low 80's to consider a move

    April 27 May 52.50/50 strangle I bought (5) for 1.03 and sold for 1.21 If outright calls were purchased you would have made a nice profit as Home Depot made a nice run from mid 51's to past 52.50 pretty fast.

    In conclusion I want to thank all my followers again and remember if you have any questions/comments or just want to swap trade ideas feel free to message me anytime. Thanks again--John

    Disclosure: I am long SBUX, MO.

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