fuzzballl 7:17 am on Thursday, April 19, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 ), pietrade ( 143 )

SMH

#LongCalls #LEAPS – My newest 2020 position that’s just getting started…

Bought to Close SMH APR 20 2018 106.5 Calls @ .05 (sold for .72)

Sold SMH MAY 4 2018 104.0 Calls @ 1.33

hcgdavis 7:52 am on Thursday, April 19, 2018

On my radar with the drop today, down 3? I think. I will probably trade it as a #pietrade
jsd501 8:12 am on Thursday, April 19, 2018

I was thinking that the SOXX may be a better fit but there are no weekly options.
- fuzzballl 8:16 am on Thursday, April 19, 2018
  
  I would love it if there were weeklies. That’s my very first test when considering a new position. No weeklies and it immediately gets deleted off the watchlist. I think they’re just too important for this strategy. Really need their flexibility for adjusting.
  
  IMHO
jsd501 8:27 am on Thursday, April 19, 2018

I am looking at it but the RSI is neutral and the Stocastics are okay but the 20DMA is below the 50 DMA and the 50 DMA is flat. I want to wait for a better entry. The weekly premiums are nice.
- fuzzballl 8:30 am on Thursday, April 19, 2018
  
  If I would’ve known it was gonna tank I would’ve waited…LOL Just gotta jump in on a pullback and then you’re at the mercy of the headlines. It’s a duration over direction anyway. The long LEAPS are the apartment building. My big concern is the rent coming in. 🙂 🙂