Trade alerts June 2023 you can take the seven day trial it's only nineteen dollars
at beststockstrategy.com/memberships again it's only nineteen dollars for seven days at
beststockstrategy.com/memberships so June 1st what we did here was
we closed out the 67. and we also closed out the um 70. so we use the premium by selling the
67 to buy back one of the 70s it's a b grade so the long puts and brought back one of the
70 strikes so now I have 5x of the 70 DG's down significantly the 175 strike is now in the money
let's give it some time to settle and then see what the best move is
I think this may be the first time this year we've had in the money position
then I say that I'm likely going to close out some DG positions sometimes the trade goes
against you and while it's things to accept the loss the most important thing is to never let a
loss become large so here you can see I rolled it down or at least I tried to it didn't fill
closed it out closed
roll down the 165 to 160 extended duration so call us to finance it
in all my years of trading I can kind of one hand the number of times a situation
like this has occurred it's best to not get married to the position cut
the losses and you'll make it back in other trades
I misentered that last trade so I'm closing it out now close out the 170. rolled the 165
to 160 extended duration also sold the calls previously to finance the position new opening
trade market seems overbought a low volatility is down tremendously picked up 160 dollars s&p up 41.
regarding DG the trades themselves were very high probability
this type of situation happens around once every two to three years Dollar General fell over 25
percent in the past week and that's not something that happens often on any stocks that we trade
so why didn't we put forth more effort to roll the position the answer is that it
seems that the underlying fundamentals of the company have changed in that situation
when there's massive uncertainty then it's best to Simply accept the loss and move on
this is our first losing trade this year and it doesn't have a large effect on our
year-to-date profitability however if we started trying to aggressively
roll the 175 put by selling more put options then we're increasing our risk
now if DG had been down fifteen dollars and was trading at 185 and stabilized
around there then that's a different story but the violence of the move down means that
it's best to take the risk off the table the immediacy a loss is going to sting
however over time as new positions make up for it and this thing will dissipate
also one important experience to share I remember PayPal was trading around 310
then it fell significantly and I believe that I sold the 215 put then in late 2021
it was trading at 228 and fell to 203 I had a small position in there and felt that I could
roll manage the position of profitability on June 3rd 2022 that trade actually was
profitable but I didn't close it out and I added more contracts to it unfortunately
the fundamentals of the company changed and by not closing it out when it initially fell
from 228 to 223 I turned a minor loss into a larger loss the key point is if you ever feel
that a Stock's fundamentals have changed and that it's not the same company as it was when
you made the initial trade then your best bet is to rip off the Band-Aid and move on
solid opening Blackstone expires today schd is no longer in the money
do I regret not being more aggressive and selling calls and rolling down the puts yesterday
absolutely not the absolute number one role when selling options is do not take large losses
here we bought a spy put Market is sold off slightly wanted to buy one
I'll buy more if when the market continues to go up but again lowest
volatility and highest complacency in over three years a CHD rolled the trade
reduce the size from five to three and finance that by selling 4X calls reduce the strike
buy two dollars as well this is a proactive roll just a few days ago this position was in the money
it's definitely possible that the 70 strike will expire worthless in two weeks but I felt it's
worthwhile to basically neutralize the position reduce the size roll it down by two dollars
it's a b grade because it might be unnecessary
closing trade with the original
so sold for 27 cents and then bought back for six let's wait until the 43 calls expire then
we'll open and trade after hours you can trade spy and SPX within 15 minutes after closing
new opening trade picked up a hundred and forty dollars s&p up 61. VIX down 6.7 percent we bought
a long dated put in spy we rolled schd we close out XLE we opened up a new trade in SPX June 3rd
here I'm just letting people know that I updated the course June 5th
partial closing trade on be okay
kept about 85 percent of the premium closing trade for Waste Management brought back for
five cents sold it for 49. new opening trade B plus grade picked up 153 dollars
rolling trade rolled DG down by two dollars and fifty cents and also reduce the expiration
finance that by selling calls hopefully it expires worthless this week and then we'll
focus on the other DG put bad luck as part of trading DG had its worst trading day in 14
years need to be able to accept the good and the bad but even with bad luck as long as you don't
let any tray get out of hand then you can deal with an occasional bad trade without much stress
it's okay to sell a lot more calls than puts when you even at the money or in the money position the
reason is that the Delta on the pus is much higher meaning that if the stock rebounds then you'll
make a lot more on the puts then you'll lose on the calls SPX strangle picked up eighty dollars
S&P down eight June 6th we sold 12 DG calls
and then we roll down the position from 160 to 155.
the market seems relatively stable
picked up sixty dollars for the SPX strangle
s&p up 10 fixed down five percent and vvix are uneven
June 7th solid opening we sold puts in TLT B plus grade
we sold an SPX triangle picked up eighty dollars s p down 16 vix relatively unchanged
June 8th
here we've brought back DG and then we sold the 167 and a half calls
insurance is cheap I bought a spy put
the market is complacent and discounting future risk just like Warren Buffett says
be greedy when others are fearful and fearful when others are greedy
so right now the market is greedy so I'm being fearful by buying puts
s&p picked up 120 dollars okay
the market was up 26. vix was down and vvix was up June 9th decent opening s&p up around 10.
here we brought back the DG put and financed it by selling calls
closing trade for XLE the original so here we sold it for 26 and bought it back for four
new opening trade in SPX picked up a hundred and forty dollars
June 12th solid opening so Blackstone
June 12th s and p 500 up 10 . we have a lot of positions expiring
this week here are some of the positions expiring
so we'll have a 575 dollar profit on BX also Berkshire which we sold for 1400 but then we
rolled it to reduce risk after the market corrected after the market corrected by 12
percent in early March we collected a credit on the roll once we get rid of the brkb those
trades will show around a two thousand dollar profit at the moment with vixo low we're not
doing many of our usual trades because it's risky to hold long expirations at the moment
new opening trade and SPX strangle it's actually a lot of Premium it's like 340 dollars a premium
that's because uh the vix spiked up eight and a half percent
June 13th new opening trade B plus grade s&p up around 12.
closing order
so here this closed for 10 cents we sold it for 57. here for SPX we picked up 440 a premium
it's a lot
June 14th
s&p
the SPX strangle picked up 220 dollars yesterday's strangle expire worthless for a 440 profit
June 15th s&p is up around eight
here we're picking up almost 600 a premium 580 dollars
s&p up 53 fix up 4.5 percent
June 16th s&p up around 18.
picked up 140 on the strangle
yesterday's trade will expire worthless for close to a 600 profit
this Blackstone trade expired worthless for around a 575 dollar profit
also the DG calls expired worthless
the market is closed today June 20th
s&p down around 14 fix up slightly new opening trade small amount of Premium only 40 dollars
s&p down 21 fixed down two percent June 21st
we wanted to roll DG we made
we had a lot of calls and the trend for DG has changed once again and it's bullish I
didn't feel comfortable with the 11 contracts at 170 after watching the price action recently
s&p picked up sixty dollars
s&p down 23
June 22nd s&p down nine breaks up over four percent Trend change in
DG got pinball doesn't happen often but in this case it did closed out the calls and sold puts
closing trade the original
brought back for four cents sold for 31. picked up eighty dollars for SPX
we're hedged so it doesn't really matter which way the market goes
s&p up 16. Vixen vvix down 2.2 percent June 23rd solid opening s&p is down over 30.
picked up a hundred dollars on the SPX strangle s&p down 33
June 26th
picked up almost 100 on LMT
partial fill closing trade top the bottom was the original picked up 120 on the SPX strangle
s&p down 20 VIX up six percent
solid opening s&P up 12 volatility down let's see how the market is trading later
sold in SPX triangle picked up 120 s&p up 50. mixed down 3.6 percent vvix down 4.3 percent
s&p down around 15 vix is relatively unchanged let's see how the market is
trading later today picked up 80 on the SPX strangle
S&p is up to Vix up around 2 percent new opening trade on TLT
picked up 180 on the SPX strangle
s&p up around 20. volatility mixed last Friday the last trading day of June
and then we made a trade on the SPX strangle picked up 160 dollars s & p up 54. if it's about
even and vvix down 2.5 percent and that's it that concludes June 2023 option trade alerts and option
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