After producing this record since May 27, 2014:
We did run into some losers. But we continue to hold everything.
Thankfully, given market volatility, losses for us haven’t been a historical problem.
Our Enerplus (ERF) position returned as much as 35% gains days after recommendation. It has since pulled back but we continue to hold on excessively oversold conditions. The same holds true for Noodles & Company (NDLS) and Red Robin (RRGB).
These will take a bit more time to pay off. They should pay off quite well, though, given time.
As for new trade ideas, we do have a short opportunity. Typically, we go long most stocks. But this short opportunity may be tough to ignore.
After taking 125% gains on the Staples (SPLS) December 12 calls, the underlying stock is massively overbought on MACD and RSI in a challenging retailer space. The last time SPLS got this high, it collapsed to less than $11 shortly after.
Believing SPLS could pullback nicely here, we’re recommending that you buy to open the SPLS December 2014 13 put up to $1.45.