Sold 1 AAL 03/13/2020 22.50 Put @ 1.12
#FallingKnife
Tag Archives: FallingKnife
#fallingknife #putratiospread VIAC Working off…
#fallingknife #putratiospread VIAC #shortputs MRO
Working off of Iceman’s list, VIAC sold April 17, -24/-24/+25 ratio spread for .50
MRO sold March 6, 8.50 put for .18
#FallingKnife stocks within the SP500…
#FallingKnife stocks within the SP500:
Criteria for the list (Positive P/E {trailing and projected}, Positive dividend yield, New 52-week low)
—– Company — Sector — Industry — Market Cap — P/E — Price — Change — Volume
1 RCL Royal Caribbean Cruises Ltd. Services Resorts & Casinos 19.43B 9.94 89.55 -7.31% 5,885,462
2 MRO Marathon Oil Corporation Basic Materials Independent Oil & Gas 7.23B 15.12 8.92 -5.71% 27,691,491
3 WMB The Williams Companies, Inc. Basic Materials Oil & Gas Pipelines 23.91B 27.15 19.25 -5.64% 20,804,416
4 FANG Diamondback Energy, Inc. Basic Materials Independent Oil & Gas 10.97B 47.10 67.16 -5.51% 3,367,973
5 CCL Carnival Corporation & Plc Services Resorts & Casinos 24.61B 8.29 35.84 -5.08% 16,143,101
6 AAL American Airlines Group Inc. Services Major Airlines 10.09B 6.08 23.12 -9.16% 22,086,887
7 VIAC ViacomCBS Inc. Services Entertainment – Diversified 16.38B 3.29 25.36 -5.83% 24,898,008
8 KSS Kohl’s Corporation Services Department Stores 6.47B 9.42 41.10 -4.71% 3,599,064
9 GLW Corning Incorporated Technology Diversified Electronics 19.87B 24.45 25.72 -4.74% 12,033,298
10 F Ford Motor Company Consumer Goods Auto Manufacturers – Major 29.36B 233.23 7.23 -4.49% 107,899,335
11 GM General Motors Company Consumer Goods Auto Manufacturers – Major 46.21B 6.94 31.75 -4.05% 14,432,693
12 XOM Exxon Mobil Corporation Basic Materials Major Integrated Oil & Gas 232.16B 16.14 54.20 -3.83% 35,473,934
13 CVX Chevron Corporation Basic Materials Major Integrated Oil & Gas 191.83B 58.72 100.71 -3.82% 12,704,268
14 ADS Alliance Data Systems Corporation Services Business Services 4.36B 7.00 93.75 -5.03% 1,128,690
I am avoiding RCL, CCL and possibly AAL as they are all travel related stocks
Short Puts
on Dividend paying stocks at new lows – Classic #FallingKnife
Dipping my toes in:
Sold 1 VIAC 03/20/2020 25.00 Put @ 1.04
Sold 1 SLB 03/20/2020 29.00 Put @ 1.04
Sold 2 MRO 03/27/2020 9.00 Puts @ 0.52
Sold 1 FANG 04/17/2020 60.00 Put @ 1.75
Sold 1 KSS 03/06/2020 40.00 Put @ 1.40
Sold 1 GLW 04/03/2020 25.50 Put @ 1.04
Sold 1 ADS 03/27/2020 85.00 Put @ 1.20
As Cramer says “Am I diversified?”
Does it really matter in this market??
#fallingknife PAYC BTC PAYC 21…
#fallingknife PAYC
BTC PAYC 21 Feb 280 Put for .50
Was STO Feb 6 for 3.42
Closing FDX
From the #FallingKnife trade I put on 12/18, buying to close $FDX 4/17 120 puts @ .65. Sold for 1.75. Taking off for over 60% of the profit, more than 3 months early.
FDX post earnings swoon
Going out to April for a #FallingKnife trade. Sold 4/17 120 puts @ 1.75. Delta 12. Strike would be at a 4 year low if it goes down another 15-20% from here.
