Review Week 02/16/2021 - 02/21/2021

By iamtez -

Welcome back everyone! First week in a while with a few losers. In terms of absolute money, it was still nicely green week though. As I had mentioned, lot of stocks were over extended and technology stocks pulled back this week taking down many others. There was rotation into financial and few others. There were 2 big winners in SPOT and QS to more than compensate for the losers though.

 

Position

Entry

Exit

G/L %

Comment

AMD Feb 26, 2021 95c

140

80

43

Gapped up on Tuesday so waited a bit. Eventually got it but never saw the highs of the day. I was stopped out of this for a loss.

AMGN Feb 19, 2021 240c

50

0

100

Got this on Tuesday and it ran nicely on Wednesday to cross 235. However, it could not go much further. Since these were cheap, I didn’t have a stop and let it ride to 0.

BIIB Feb 26, 2021 295c

150

100

33

Got this around 278 on Tuesday and it strong. Went up to 282+ but then it pulled back and eventually hit my stop.

LAZR Feb 19, 2021 40c

175

185

5

Looked strong out of the gate on Tuesday. I got it when it dipped back under 36 but got out very quickly as general market was looking weak.

LITE Feb 26, 2021 100c

110

75

32

Gapped up on Tuesday so I ended up getting this on Wednesday. It looked strong on Wednesday and was green but then my stop got hit on Thursday.

LMND Feb 26, 2021 175c

750

900

20

Got this around 155 on Tuesday and got out when it hit 160 as general market was not looking strong. It ended being a good exit.

MU Feb 26, 2021 95c

60

Got this on Tuesday around 88 and then it went down Wednesday. I did not have a stop on this as I liked the chart. It made a nice comeback on Friday. I am still holding this one but if one took profit, these were going to 100 on Friday so a gain of 67%.

SPOT Feb 19, 2021 350c

500

1400

180

Gapped up on Tuesday so had to be patient. Got an entry on Wednesday. It eventually to almost 365 by Friday.

QS Feb 26, 2021 65c

165

1100

567

Was able to get this around 50 on Tuesday. It went to 70+ by Thursday.

 

Next week we might start seeing bounce in some stocks which have been beaten up for past 2-3 weeks. I will post my watchlist Sunday night. Until then, have a good weekend!!!

 

ALWAYS REMEMBER TO CASH YOUR GAINS OUT OF THE ACCOUNT.

 

RED: Behaved exactly opposite of what I predicted.

 

GREEN: Behaved exactly as I predicted.

 

BLUE: Need more time for idea to materialize.

 

Disclaimer: The views and opinions expressed here are my own. Before taking any financial decisions based on these, please do your own due diligence.

 

Comments

Post a Comment

Popular posts from this blog

Week of 02/16/2021

By iamtez -
  Welcome back everyone. Hope you had a great long weekend.   Last couple weeks have been really good and lot of stocks have moved considerably. While lot of growth stocks seem to be near over bought territory, there are still many good setups. I think there will be some rotation for next couple of weeks. Another important thing to remember is we have a short trading week so weekly option premiums will drain more quickly. Size your short term trade accordingly.   Below are stocks that look good to me for UP move.   AMD Feb 26, 2021 95c Chart looks strong and a move to 98 seems likely by this week. AMGN Feb 19, 2021 240c Very oversold and a high likelihood for a move back to 245 this week. BIIB Feb 26, 2021 295c Good looking chart and a move to 288 seems likely this week. LAZR Feb 19, 2021 40c This has very good setup and a move to 39.9 i
Read more

Week of 04/12/2021

By iamtez -
Welcome back everyone. Hope you had a great weekend.   Last week was really good for big cap stocks. Some of the growth stocks also exploded to the upside. Earnings season kicks off this week with bunch of banks reporting. Financial stocks are setup very nicely so there is a good chance we see money flow back into them this week.   Below are stocks that look good to me for UP move.   GS Apr 16, 2021 340c Chart starting to turn up and with earnings this week, we could see a nice upside move. First target is 341 followed by 352. MA Apr 16, 2021 385c Strong chart and a test of ATH seems likely before earnings next week. MDB Apr 16, 2021 305c Another good looking chart and a break of 300 could see this move towards 50dma (344) MRNA Apr 16, 2021 145c Good looking chart, a move to 152 seems very likely. PANW Apr 16, 2021 355c Str
Read more

Review Week 01/11/2021 - 01/15/2021

By iamtez -
   What an amazing week of trading. It was even better than last week, probably the best I have had in a long time. Every single entry did amazing.   Let’s review the watchlist.   DM Feb 19, 2021 25c Gave perfect entry on Monday and reached almost 25 this week itself causing these calls go to be up 100% . DOCU Jan 15, 2021 245c Nice entry when this was around 243 on Monday. It eventually reached 263 by Tuesday. These calls were up from 2.5 to 2K so almost 900% . FUBO Feb 19, 2021 30c Got a nice entry when this around 27 on Monday. These calls were around 3. Then this exploded to 38 on Wednesday morning and these calls were upto 13 so a gain of over 300% . NET Feb 19, 2021 85c Gave a nice entry around 78 on Monday. These calls were 3.5. Eventually this went to over 84 on Thursday and these calls were at 9 so almost 1
Read more