Review Week 02/22/2021 - 02/26/2021

By iamtez -

Welcome back everyone! Another amazing week in the books. This was special considering how much some of the stocks fell and the heightened volatility.

 

Position

Entry

Exit

G/L %

Comment

AAPL Feb 26, 2021 130c

75

50

33

Gapped up big on Monday so needed to be patient with this. I got in on Tuesday and it did look strong towards the end of Tuesday. So I decided to hold but got stopped out on Wednesday.

HOME Mar 19, 2021 30c

100

Got this on Monday around 25. It went down with the general market next few days but was strong on Friday. I think this needs some more time so still holding it.

OKTA Feb 26, 2021 300c

130

0

100

Gapped up on Monday so waited for a pullback. Got in on Tuesday and it showed some signs of life later but never recovered and continued to slide with rest of the market through the week. I let this one expire worthless.

SNAP Feb 26, 2021 70c

75

300

300

This gapped up on Monday so I waited until Tuesday to get in. I got in little early as I think these went down to as low as .35. It had a great bounce on Wednesday and it went to almost 73.

ANET Feb 26, 2021 300p

350

2700

671

Gapped up on Monday to give a good entry. This went down to almost 270  so these were up even more than when I got out.

CRWD Feb 26, 2021 230p

300

3000

900

This too gapped up on Monday giving very nice entry. This went to almost 200 and these puts possibly went up even more.

 

Next couple weeks are going to be more interesting. Need to be selective as some stocks do seem like they have more downside in them. 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.

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