The LOGI trade filled for me, waiting to see on the others.
For the Kimberly-Clarke trade with a net debit of $0.40, I show a max gain of $420, a max loss of $280 and a breakeven at $137.60 - to have it be max gain $350, max loss $350 and breakeven at $137.50, I think it would need to be a net debit of $0.50.
Thanks for the catch. I originally wrote the post with a net debit of $0.40 on KMB, but I raised my net debit to $0.50, where it filled. Just updated the post accordingly.
ALK beat on top and bottom lines but is down 11% anyway today due to weaker than expected revenue guidance. These calls don't expire until August 18th, so I'll hold this spread for now and see if the stock recovers over the next week or two.
- LOGI beat on top and bottom lines and raised guidance. It's currently trading at $66.78 in the premarket, so if that holds, we should be in good shape with that one.
- ALK and KMB report later this morning.
- I've got a couple of other trades in mind for today; will update you on that this afternoon.
Sad to miss out on last weeks gains as I am totally underwater on the bank puts from over a month ago with no end in sight. I hope you did not exit as I never saw they ever went above the price paid. Do you see ANYTHING coming up on them even breaking even, let alone turning a profit?
Also, I always mention in the comments of a post as soon as I exit a position, and I detail each week's exits in my Friday Exits post, so if any bank trade hasn't been listed in one of those Exits posts, I'm still in it.
As for what could come up to make those trades profitable, the most likely catalyst would be an earnings release reflecting the hits to the banks' finances predicted by bank experts as a result of deposit outflows and high interest rates. Whether that will happen or not, remains to be seen, but not everyone has the risk tolerance for these sorts of trades. If you don't you could consider the hedged portfolio approach on the Portfolio Armor website. I posted the performance of one of those hedged portfolios in my last Exits post: https://portfolioarmor.substack.com/p/exits-7212023
The LOGI trade filled for me, waiting to see on the others.
For the Kimberly-Clarke trade with a net debit of $0.40, I show a max gain of $420, a max loss of $280 and a breakeven at $137.60 - to have it be max gain $350, max loss $350 and breakeven at $137.50, I think it would need to be a net debit of $0.50.
Thanks for the catch. I originally wrote the post with a net debit of $0.40 on KMB, but I raised my net debit to $0.50, where it filled. Just updated the post accordingly.
ALK beat on top and bottom lines but is down 11% anyway today due to weaker than expected revenue guidance. These calls don't expire until August 18th, so I'll hold this spread for now and see if the stock recovers over the next week or two.
Exited the LOGI call spread today at a net credit of $2.25, for a profit of 80%.
Exited the KMB put spread at a net credit of $0.90 today for a profit of 80%.
A few quick updates:
- The WHR trade never filled for me.
- LOGI beat on top and bottom lines and raised guidance. It's currently trading at $66.78 in the premarket, so if that holds, we should be in good shape with that one.
- ALK and KMB report later this morning.
- I've got a couple of other trades in mind for today; will update you on that this afternoon.
I raised my net debit to $0.40 on WHR; we'll see if I get it before the close.
Sad to miss out on last weeks gains as I am totally underwater on the bank puts from over a month ago with no end in sight. I hope you did not exit as I never saw they ever went above the price paid. Do you see ANYTHING coming up on them even breaking even, let alone turning a profit?
For new subscribers, the bank bets Big JiLm is referring to were mentioned in this post, along with the rationale behind them: https://portfolioarmor.substack.com/p/the-regional-banks-most-likely-to
Also, I always mention in the comments of a post as soon as I exit a position, and I detail each week's exits in my Friday Exits post, so if any bank trade hasn't been listed in one of those Exits posts, I'm still in it.
As for what could come up to make those trades profitable, the most likely catalyst would be an earnings release reflecting the hits to the banks' finances predicted by bank experts as a result of deposit outflows and high interest rates. Whether that will happen or not, remains to be seen, but not everyone has the risk tolerance for these sorts of trades. If you don't you could consider the hedged portfolio approach on the Portfolio Armor website. I posted the performance of one of those hedged portfolios in my last Exits post: https://portfolioarmor.substack.com/p/exits-7212023