Red Lion Posted October 24, 2022 Posted October 24, 2022 Sold $58 BABA puts expiring this Friday for $1.28. I'm not comfortable with a big position in this stock, but if these are exercised it's going to be a 100 basis point position.
Dinar Posted October 25, 2022 Posted October 25, 2022 55 minutes ago, KJP said: Swedish Match Why did you sell?
KJP Posted October 25, 2022 Posted October 25, 2022 3 minutes ago, Dinar said: Why did you sell? I sold very close to PM's offer price. So, it seems to me that either PM gets enough to squeeze out at very close to the price I received or it doesn't, in which case I expect an opportunity to buy back in at a better price than today. I'm doing this in a non-taxable account; if it was in a taxable account, I would have held. I must acknowledge that I have sometimes been wrong about the immediate share price movement in response to a failed takeover/squeeze out, so I can't contend that my reasoning is foolproof.
Dinar Posted October 25, 2022 Posted October 25, 2022 1 hour ago, KJP said: I sold very close to PM's offer price. So, it seems to me that either PM gets enough to squeeze out at very close to the price I received or it doesn't, in which case I expect an opportunity to buy back in at a better price than today. I'm doing this in a non-taxable account; if it was in a taxable account, I would have held. I must acknowledge that I have sometimes been wrong about the immediate share price movement in response to a failed takeover/squeeze out, so I can't contend that my reasoning is foolproof. Thank you. I hold in a taxable account, so I am holding. Yes, in a non-taxable account, I would probably sell too.
Red Lion Posted October 27, 2022 Posted October 27, 2022 $80 strike Meta puts expiring in January for $2.65.
Red Lion Posted October 27, 2022 Posted October 27, 2022 Sold ITM GOOGL options expiring tomorrow, hoping to pickup some shares. Sold the $94 strike price for $1.75.
competitive-advantage Posted October 28, 2022 Posted October 28, 2022 Bull Google X2 Bear Dax X2 Bear STOXX 600 Oil & Gas X2 The last index fell about 1% and my position fell 28%. These instruments are not for me
Spekulatius Posted October 28, 2022 Posted October 28, 2022 Sold $CVS. Lost confidence after they were rumored to circling $CANO
Red Lion Posted November 2, 2022 Posted November 2, 2022 Sold out a set of QQQ puts spreads I had on expiring 11/4 - 11/7. I figured after the market reaction to FED results today I might as well close out and preserve some of my capital. Now watch QQQ drop 5% in the next week. Sold 11/04 puts on GOOGL @90 and NKE @92
SharperDingaan Posted November 4, 2022 Posted November 4, 2022 Exited CET.TO on the Ensign Energy news for a one-year double. In our eyes CET remains a good choice, but we did not appreciate the excessive dilution, or the US reverse takeover of Altitude Energy Partners. If CET can keep up their quarterly acquisitions/deal making, great; but we also own Ensign, and have better opportunities elsewhere. SD
Spekulatius Posted November 4, 2022 Posted November 4, 2022 Sold $ADDYY on CEO change news. I was hoping for a go private when i saw shares jumping or something like similar.
UK Posted November 5, 2022 Posted November 5, 2022 19 hours ago, Spekulatius said: Sold $ADDYY on CEO change news. I was hoping for a go private when i saw shares jumping or something like similar. Why such a strong reaction?
Spekulatius Posted November 5, 2022 Posted November 5, 2022 (edited) On 11/5/2022 at 7:36 AM, UK said: Why such a strong reaction? I have no idea. The outgoing CEO was definitely lousy but Adidas has structural problems and Yeezy business going away and there are no easy solutions for both. Edited November 7, 2022 by Spekulatius
backtothebeach Posted November 7, 2022 Posted November 7, 2022 Sold BABA, bought FIH.U from the proceeds.
WayWardCloud Posted November 7, 2022 Posted November 7, 2022 Lightened up on some Interactive Brokers (IBKR) after a nice run up. Sold out the remaining half of the Bank of America (BAC) shares I bought during COVID. It was a simple swing play and I waited way too long to do so. Both seem fairly/neutrally valued in a market that offers many attractive opportunities.
bizaro86 Posted November 8, 2022 Posted November 8, 2022 6 hours ago, WayWardCloud said: Lightened up on some Interactive Brokers (IBKR) after a nice run up. Sold out the remaining half of the Bank of America (BAC) shares I bought during COVID. It was a simple swing play and I waited way too long to do so. Both seem fairly/neutrally valued in a market that offers many attractive opportunities. I sold all my IBKR calls over the last few trading days. I had switched my long position into a mix of ITM and OTM calls. Most of the were Jan 2023 expiry so not much leverage left, and the ITM ones are now very far ITM. Sold the calls and put the proceeds back into IBKR common. I think it's still decently priced and the a great business that I want to hold long term. But it doesn't have the obvious extreme cheapness with a near term catalyst that it did even a few months ago.
WayWardCloud Posted November 8, 2022 Posted November 8, 2022 1 minute ago, bizaro86 said: I think it's still decently priced and the a great business that I want to hold long term. But it doesn't have the obvious extreme cheapness with a near term catalyst that it did even a few months ago. I feel the same way, thanks for sharing. What catalyst are you referring to?
bizaro86 Posted November 8, 2022 Posted November 8, 2022 33 minutes ago, WayWardCloud said: I feel the same way, thanks for sharing. What catalyst are you referring to? Sorry, was overly brief. I just meant that with interest rates coming up massively and their very straightforward guidance you could calculate the amount net interest income was going to increase for the most recent quarter. It was quite meaningful, and the multiple on their non-zirp earnings was (imo) too low. The catalyst was them reporting those earnings so it starts to screen on them vs just being estimates. Part of it for me is just taking leverage off.
WayWardCloud Posted November 8, 2022 Posted November 8, 2022 20 minutes ago, bizaro86 said: Sorry, was overly brief. I just meant that with interest rates coming up massively and their very straightforward guidance you could calculate the amount net interest income was going to increase for the most recent quarter. It was quite meaningful, and the multiple on their non-zirp earnings was (imo) too low. The catalyst was them reporting those earnings so it starts to screen on them vs just being estimates. Part of it for me is just taking leverage off. Makes sense. Congrats on the trade!
fareastwarriors Posted November 8, 2022 Posted November 8, 2022 (edited) Off loading my SWMAY at $10.55 and above. Edited November 8, 2022 by fareastwarriors
lnofeisone Posted November 8, 2022 Posted November 8, 2022 Started to gently unload my CVE warrants and rotate into REITs (and looking at banks).
Red Lion Posted November 8, 2022 Posted November 8, 2022 Sold a $200 PUT on ESS expiring January 20 23 for $8.40.
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