Bought a tiny bit of INCY @ 170.00 adding to my first buy from 08/10 @ 175.00
#FallingKnife
Tag Archives: FallingKnife
FDX Stock
Bought a tiny bit of FDX @ 230.00
#FallingKnife
FDX HRL VRTX
#SP500 new lows this morning
#FallingKnife
NEM Stock
Bought a bit of NEM when it hit a new 52-week low at 54.0
#SP500 #FallingKnife
TTWO VRTX
2 #FallingKnife #SP500 stocks at new Lows for today.
Bought a tiny amount of TTWO at $149.45 and some VRTX at $185, adding to my position.
My last buy in VRTX was June 15th at 190.
Stock I bought even earlier at $193.58 I sold on 07/16/2021 at $204.00
CTXS
Closing out a tiny long position in a former #FallingKnife.
Sold CTXS stock at $115. Bought this on 07/29 at $94.70 and never got to average down.
COG
Back out of this stock after exiting it at 18.33.
Bought a bit at a new low of 14.68 on Aug 19th and I was never able to average down.
This is my 2nd successful swing trade of this former #Fallingknife
VZ
Putting this high yield #FallingKnife on my watch list.
Only about 2% above the 52-week low
HRL
The only #SP500 stock to hit a 52-week low in quite a while
Bought a bit at 42.50
#Fallingknife
FMC
Another #SP500 stock hitting a new yearly low.
Bought a small bit of FMC at $90, adding to my position.
#FallingKnife
COG
Back in this one after exiting it at 18.01 on July 1st.
Bought a bit at a new low of 14.68
#Fallingknife
COG LVS
Marginal New lows on both these #SP500 stocks.
Keeping them on my watch list
#FallingKnife
BAX FMC
Two #SP500 stocks hitting new yearly lows.
Bought a small bit of BAX at $84 and FMC at $95.
#FallingKnife
CPB
Bought a small bit of CPB at a new yearly low of $43
#FallingKnife
LVS Stock
Bought a small bit of LVS at $40.
New 52week low
#FallingKnife
CLX
Re-acquired a bit of CLX at $163 and $160 on the earnings drop after selling off my stock on July 8th around 187.
#FallingKnife at a new 52 week low
CPB LVS
2 SP500 Stocks set new yearly lows today
#FallingKnife
CTXS
New low on an SP500 stock.
Bought a bit at 94.70 on the open and below the March 2020 Covid low.
#FallingKnife
COG
#FallingKnife trade that worked
Sold COG stock @ 18.01. Bought @ 15.75. Never was able to average down.
Probably out too early but I’ll take the gain.
COG
another #SP500 stock below it’s 52-week low today.
Added some at 15.75 to keep it on my radar
#Fallingknife
VRTX
#FallingKnife
Added a tiny bit more at 190
VRTX makes the watch list
#FallingKnife on my radar now that it has blown below it prior low.
Along with CLX, I’m also watching COG, COIN, and KMB for attractive entry points at or below the old lows.
Rolling Jan TSLA
Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.
CLX
Putting this dividend paying SP500 stock on my watch list.
#FallingKnife with a new 52week low today
TSLA Jan
Sold to open Jan 21 2022 200 put @ 5.15.
LAZR
Anyone still in this one?
#FallingKnife
VTRS
Putting this #FallingKnife on my radar.
Viatris is the combination of Mylan, maker of generic drugs and EpiPen emergency allergic reaction injection, and Pfizer’s (PFE) older drugs business called Upjohn
TLRY
Sold TLRY 04/09/2021 19.50 Puts @ 0.52.
Stock at 20 and at the March/April low.
#FallingKnife
TSLA June
A #FallingKnife type of trade, as weird as it is to say that about TSLA. Would take the stock down there.
Sold $TSLA 6/18 250 put @ 5.05.
GILD Put Ladder
Starting with Diagonal Spreads. Would take the stock at the short strike (or roll a few times first) and hold the protective put as cheap insurance.
(Also the spread requirements in a retirement account are much lower than straight short puts)
Bought to Open GILD Mar 19 2021 45.0 Put/ Sold to Open GILD Dec 24 2020 57.0 Put at $0.03 Credit.
Bought to Open GILD Mar 19 2021 45.0 Put / Sold to Open GILD Dec 31 2020 56.50 Put at $0.12 Credit.
GILD YTD Low = 57.03 (set today)
Dividend % = 4.65%
#FallingKnife
#fallingknife TNDM Have not traded…
#fallingknife
TNDM
Have not traded this in a while…
STO 15 Jan 21, 80 Put for 1.39
delta .20, IV is 54
GILD INTC
Back down and testing their YTD lows
All my earlier short puts have expired
#FallingKnife
GILD
Looks like the stock is headed back down to test the Yearly low. #FallingKnife
I’ll be looking at puts to sell.
#fallingknife NKLA Risky-down $6, 22%.
#fallingknife NKLA
Risky-down $6, 22%.
#fallingknife ARWR #shortputs ARWR is…
#fallingknife ARWR #shortputs
ARWR is down 7 after earnings, sold Dec. 18, 50 put for 1.00, stock at 61.
#fallingknife #shortputs TLRY Sold Dec….
#fallingknife #shortputs TLRY
Sold Dec. 18, 6 put for .42, stock down on earnings
WBA OMC
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife
EQR HFC WFC GILD OXY
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife
BIIB
Another #FallingKnife candidate
Looking at puts to sell now
GILD T
#fallingknife trades
Both stocks flirting with 52week lows
Sold 1 GILD 10/30/2020 60.0 Put @ 1.31
Sold 1 T 11/27/2020 26.0 Put @ 0.60
Nice dividend yields down here too
GILD, T and XOM Puts
Sold 1 GILD 11/06/2020 60.00 Put @ 1.41
Sold 1 T 12/18/2020 26.00 Put @ 0.64
Sold 1 XOM 11/20/2020 30.00 Put @ 1.22
All strikes are below the panic lows in March/April.
#FallingKnife stocks.
#AccidentalHighYield
Markets
Energy names are leading the downside in the S&P500 with the market up
APA Apache Corporation
FTI TechnipFMC plc
MRO Marathon Oil Corporation
NOV National Oilwell Varco, Inc.
OXY Occidental Petroleum Corporation
SLB Schlumberger Limited
FANG Diamondback Energy, Inc.
VLO Valero Energy Corporation
MPC Marathon Petroleum Corporation
COG Cabot Oil & Gas Corporation
HFC HollyFrontier Corporation
DVN Devon Energy Corporation
PSX Phillips 66
Only Cabot and Valero are currently profitable but most are still paying a dividend
WFC
Another tiny diagonal – puts this time – a bit longer life
Bought WFC Dec 18 2020 17.50 Puts / Sold Oct 16 2020 22.00 Puts @ 0.12 Credit.
The short strike is right at the March/April lows for the stock.
#FallingKnife
Markets
Not much green here
Semis and software groups are the leading losers.
NO new lows in the SP500 yet so no #FallingKnife candidates today
https://www.finviz.com/map.ashx?t=sec
WBA Option Ladder
#FallingKnife at a new low of 36.50
Sold 1 WBA 10/02/2020 36.00 Put @ 1.20
Sold 1 WBA 10/16/2020 35.00 Put @ 1.15
HII WBA
Both within 1% of their YTD low
Both in the S&P500
Both profitable and pay dividends
Also GILD bears watching
#FallingKnife
#fallingknife OSTK STO 18 Sep…
#fallingknife
OSTK
STO 18 Sep Bups
75/70 for 2.05
CAT Nov
Sold $CAT 11/20 80 puts @ 1.85 with the stock at 122.16. Strike price would be at a 4 year low.
#FallingKnife
WHR long term
Sold $WHR 12/18 60 puts @ 1.75 with the stock at 127.12.
#FallingKnife
Nibbling at MMM
Ready to take a long term shot here. Sold $MMM 9/18 100 puts @ 2.20 with the stock at 136.46. Delta 11. Strike is well below the March low. Stock hasn’t been at 100 since early 2013.
#FallingKnife
#fallingknife AMRN Over the past…
#fallingknife AMRN
Over the past year or so, I have done consistently well selling puts and covered calls on AMRN. I’m long 2000 at a cost basis of 12.10
Its down 69% this morning due to a Nevada judge ruling against its patent!
Xanax anyone?!?!?!
#fallingknife Couldn’t resist selling MSFT…
#fallingknife
Couldn’t resist selling MSFT Apr 3 105 puts for 1.35….will be much higher in the morning it looks like.
#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 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.
#fallingknife DLTR down 16%
#fallingknife
DLTR down 16%
CSCO long term short puts
Sold $CSCO 4/17/2020 40 puts @ 1.08 with the stock at 44.92.
#FallingKnife
#fallingknife PINS Sold Dec. 20,…
#fallingknife PINS
Sold Dec. 20, 20 put for 1.17.
#fallingknife GRUB Sold Dec. 20,…
#fallingknife GRUB
Sold Dec. 20, 30 put for 1.05 with GRUB at 33.58. GRUB was at 60 this week before earnings.
#fallingknife GRUB is down 42%
#fallingknife
GRUB is down 42%
BYND down 19%
#fallingknife HAS is down 16%
HAS is down 16%
#fallingknife #shortputs NKTR Sold Nov….
#fallingknife #shortputs NKTR HP
Sold Nov. 15, 35 put for 1.55 with stock at 36, earnings Nov. 13.
Sold Nov. 15, 15 put for .85 with stock in the low 16s
Thanks for the #fallingknife list Iceman
#fallingknife AMTD
#fallingknife
AMTD
ETFC
SCHW
#fallingknife ROKU ROKU now below…
#fallingknife ROKU
ROKU now below 100, had touched 176 on September 9.
#fallingknife #shortputs M Sold Sept….
Sold Sept. 20, 17 put for 1.08. Macy’s is down 2.25, about 11% after earnings.
#fallingknife PLAY is down 22%
#fallingknife
PLAY is down 22%
IRBT Sep
Filled at the bell as the stock took a dive into the close.
Sold $IRBT 9/20 60 puts @ 1.20.
#FallingKnife
SIG earnings analysis
#Earnings $SIG reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
I have never traded this, but it is a big mover
Dec. 6, 2018 BO -18.04%
Aug. 30, 2018 BO +23.84% Biggest UP
June 6, 2018 BO +18.39%
March 14, 2018 BO -20.22%
Nov. 21, 2017 BO -30.39% Biggest DOWN
Aug. 24, 2017 BO +16.66%
May 25, 2017 BO -7.75%
March 9, 2017 BO +8.72%
Nov. 22, 2016 BO +2.14%
Aug. 25, 2016 BO -12.62%
May 26, 2016 BO -10.49%
March 24, 2016 BO +2.88%
Avg (+ or -) 14.35%
Bias -2.24%, negative bias on earnings.
With stock at 27.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 23.31 to 31.69
Based on AVERAGE move over last 12 quarters: 23.56 to 31.44
Based on MAXIMUM move over last 12 Q’s (30.4%): 19.14 to 35.86
Based on UP max only (+23.8%): 34.06
Open to requests for other symbols.
#fallingknife STO RH Jan17’20 70…
#fallingknife
STO RH Jan17’20 70 PUT $6.40
BIIB
#FallingKnife – No position here (remember Valeant and Mylan?)…I’ll see where it is when they add some more strikes in May. Earnings April 24th…
#coveredcallcampaign NTGR In early February…
#coveredcallcampaign NTGR
In early February I was assigned from a Dec. put that was sold in July as a #fallingknife. The cost basis was down to 36.95, sold an April 19, 36 call for 1.25.
ROKU
#ShortPuts #FallingKnife – Starter position just before next earnings…
Sold 1 ROKU APR 26 2019 50 Put @ 1.35
BA
#ShortPuts – Staying prior to next earnings. Look to roll into the high IV or sell covered call then if needed.
Sold BA APR 18 2019 325.0 Put @ 3.50
#coveredcallcampaign #fallingknife #longputs Trades from…
#coveredcallcampaign #fallingknife #longputs Trades from yesterday and today
WYNN yesterday rolled 140 call to April for 1.25, WYNN tanking today
CPRI yesterday rolled March 22 call to April 12 for .66
EWZ sold short 100 shares for 41.57
MS bought long April 18, 40/35 BeCS
PFE sold April 18, 44 call, was supposed to be a covered call in an IRA, ended up in wrong account, for .26
CVS today sold April 18, 50 put for .86, thanks @ramie77
MET rolled 42.50 call to April 18 for .57
DB bought April 18, 9 put for .62
Options Bistro 