Playing Both Sides Against The Middle? It's Nice To See That Things Can Still Go Down As Well As Up, No Matter What Dave Says
Seeking Alpha Analyst Since 2019
Yes, I'm really GGjr. ( old blog here: https://seekingalpha.com/user/5088811/instablogs )
Taking things to the next level as Biden takes the country down the drain as fast as he can. It (the USA) was nice while lasted.
Welcome to the USSR.
Summary
- Playing both sides against the middle.
- Playing both sides of the fence.
- Talking out of both sides of your book?
On Thursday.......
"I'm Over-Leveraged..." - Watch Barstool's Dave Portnoy Sell Stocks Into Close
Lucky for me my name's not Dave.
But I'm getting ahead of myself.
Monday: (I just fiddled with the trade calculator and went to the gym)
Tuesday: (TNA, CVX, SWBI, XOM, FLR)
Wednesday: (SWBI, FLR, TNA, XOM, CVX, BBBY, INO)
Thursday: (BBBY, TNA, XOM, INO, FLR, BAC, LABU, SWBI, M)
Friday: (FLR, LABU, M, AAL, TSN, CVX, TNA, MRNA, BBBY, BAC, MU, SWBI)
Friday turned into a "targets of opportunity" day with one trade leading to another and I was able to pull three January '21 Call positions back into this year (for a credit of course) so that I can trade them again:
So what can you glean from skimming through all those trades? Most every day was an a** covering day except when I tightened up a few spreads to milk the last few dollars out of a position. I was also able to add a couple of new positions here and there with the 'extra' excess that came and went with Mr. Markets changing whims.
All things considered...... I had a fun week making money from both Purrrrrts and Kittie Calls.... Because it just depends on the day which side will make you the big money - and some days it's both sides!* They all go together here on the "profits farm".
Really YYYUUUUUUUUUGGGGGGGEEE! week next week:
WHOO-HOO!!
****
And now it's time for a weekend!!!
YRMV
* No 'Bi' jokes please, this is a family show.
Analyst's Disclosure: I am/we are long EVERYTHING.
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