RE: TradersChoice.net trade blog for the week starting 8/8

[joejustjoe]

8/18/17 update on my QCOM short against Greg's long call: 2:44 PM EST. Last trade on teh QCOM $52 puts for 9/8 expiry is 1.31 with teh bid now at 1.21...asked at 1.30. I'll sell these ifn teh asked breaks below 1.25...otehrwise hold. QCOM now signaling a short term buy so I will exit if it rallies on moderate buying volume from the current 52.15...ish area..."live!" Price paid was .83.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qcom&x=37&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Comments

[joejustjoe]

8/21/17 update: Same plan as Fri. QCOM is moving lower so the bid on the 9/8 expiry $52P's (puts) is moving higher. I go out if the asked breaks below 1.25. Otherwise I will hold for a potential 100% gain so limit to sell at 1.70 to cover all costs "if" QCOM continues to move looower.

[joejustjoe]

8/18/17 10:45 AM update: Bid now at 1.51 so now I move my stop up to 1.40 bid. That gar-own-tees at least a 50% gain. Still shooting for 1.70 to exit though. That's a "1005er"...and that's what I shoot fer. QCOM now at 51.55...ish.

[joejustjoe]

8/21/17 update: Sometime during the day the QCOM 9/8 expiry $52 puts were sold at 1.40 so the trade netted 68% before commish costs. No way we will ever know what Greg did with his last two trades logged in before he deleted the trading blog where he posts his picks. I guess Greg gave up after he was caught "misrepresenting" a GOOGL trade. "Probly" better that he didn't log in "actual" pricing on the trades. If Greg brings back his posted picks I will continue to track his trades.