by Ian Cooper | Jul 28, 2015 | Forgotten Profits, Trade Alerts
Weeks after taking nice gains from the Micron put side of the hedge, we’re ready to exit the MU October 20 calls for respectable gains, too. The October 20 call now trades at $1.62 x $1.66, per eTrade. Let’s sell to close that position here to secure the gain. Ian L....
by Ian Cooper | Jul 27, 2015 | Forgotten Profits, Trade Alerts
On July 22, 2015, I noted, “The worst is far from over.” I recommended a buy on the DIA November 2015 177 put up to $6 with that note. Since then, the Dow fell another 300 points to the downside. Still, the worst is far from over… The Dow just broke previous support...
by Ian Cooper | Jul 22, 2015 | Forgotten Profits, Trade Alerts
There’s just no rhyme or reason to the market these days… China, Puerto Rico, Greece, Russia, Iran, oil, gold… you name it. And it’s making a mess of the market. The Dow fell 200 yesterday. We’re down another 90 today… after challenging historic resistance that’s...
by Ian Cooper | Jul 14, 2015 | Forgotten Profits, Trade Alerts
Like a bat out of hell, Micron (MU) came screaming back, as hoped. Just days after taking as much as 59% on half of the MU put options, the MU calls are back as the underlying stock jumps $2 a share. Apparently, China’s Tsinghua Unigroup is preparing a $23 billion bid...
by Ian Cooper | Jul 9, 2015 | Forgotten Profits, Trade Alerts
My apologies for not writing to you sooner… I had a bad death in the family. While it’s a bit painful, I have a job to do. And I’m going to do it well. Life happens. He had a great life so I can’t be too down. I wish I could say I am shocked by recent market behavior…...
by Ian Cooper | Jun 29, 2015 | Forgotten Profits, Trade Alerts
While I wish all trades could be as easy as the ZUMZ trade – which returned a quick 152% gain – that’s not always the case. We may have had some great success stories over the years, but recently losses take their toll, too. I’m not concerned, though. I’m finding a...
by Ian Cooper | Jun 22, 2015 | Forgotten Profits, Trade Alerts
It’s sad when “smart” traders ignore great trading opportunities. When we picked up the ZUMZ August 25 calls, the underlying stock had just crashed $6. It was nothing more than an overreaction spotted with my six technical pivot tools I’ll discuss in upcoming...
by Ian Cooper | Jun 18, 2015 | Forgotten Profits, Trade Alerts
While holding all open positions, consider selling to close half of the ZUMZ August 25 calls. The underlying stock is just beginning to claw its way out of oversold conditions. Even though MCD (put option) and QCOM (put option) did exactly what we thought they would...
by Ian Cooper | Jun 8, 2015 | Forgotten Profits, Trade Alerts
Just last week, we closed the second half of the DIA July 182 put and the KORS July 47.50 call for respectable gains. We still hold a MCD June 95 put and a new MCD August 97.50 call. We hold the AXP July 80 call, the QCOM June 67.50 put, the ERIC July 11 call, and the...
by Ian Cooper | Jun 4, 2015 | Forgotten Profits, Trade Alerts
In May, I recommended a buy on the DIA July 182 put, exiting half for gains of 16%. Today, I’m recommending that you sell to close the second half for gains, as well. In late May, I also recommended a buy on the KORS July 47.50 call, exiting half for gains of 47%...
