Consider BABA January 2015 97.50 Put to Hedge

Over the last two weeks, I’ve recommended taking gains of up to 106% and 130% on the BABA January 90 call, as well as gains of up to 74% and 65% gains on the BABA April 105 calls. I even recommended a buy on the BABA July 135 calls, which now remain on hold. Now,...

Exiting DIA December 168 calls for Gains

On October 27, 2014, I recommended a hedged bet with VXX calls and DIA calls heading into the Fed announcement. Since then, the VXX calls have lost -49%. But we’re continuing to hold on market over-extension. At the same time, though, the DIA December 168 calls have...

Exiting BABA and DIA Trades to Protect Gains

As much as I hate doing this, I do it to protect gains. If the Fed says the wrong thing this afternoon, they will crash the market furiously. While that’s the last thing any of us want to see, it’s best to prepare for it. While holding the BABA July 135 calls,...

Taking Actions on SLV, DIA & BABA

Consider the following: • Sell to close SLV November 18 calls at a loss. • Sell to close half of DIA December 166 calls for a gain. • Sell to close half of the BABA April 2015 105 calls for a gain. • Hold the BABA January 90 calls that have now returned up to 146%...

Hedge for Volatility Immediately

Over the last few weeks, the markets have been wild. We sold off about 1,000 points off the Dow highs. Then, we found support just under the 200-day – as expected – and shot 600 points higher. And, along the way, way we made great money using DIA puts and calls…...

Exiting Alibaba Put… and Buying More Calls

After moving lower, Alibaba (BABA) is beginning to move higher… fast. Consider closing out the BABA January 82.50 put at a loss… and let the BABA January 90 calls run higher. The underlying stock is now up to $94.30, giving us more than 50% on that side of the trade....

Sell to Close VXX December 36 put for Solid Gains

As we near the elections, volatility may begin to increase again.  So let’s sell to close the second half of the VXX December 36 put for solid gains today.  We closed half yesterday for up to 18% max gains. These put options last traded at $6.35 x $6.45. Hold all...