- Apple continued to move higher today on the heels of the Berkshire Hathaway shareholder meeting with Warren Buffet over the weekend.
- Alphabet (GOOGL) quickly shot up almost 15 points shortly after the market open. I benefited from buying one 1060 strike price call on the way up for 7.6 and selling it less than 10 minutes later for 11. It came back down to 1058 and going back to 1064 (another sell opportunity if didn't sell earlier), back to touch 1058 and floated between 1059 and 1062 all afternoon until 2:30pm when it made it to 1064 (sold for the 2nd time today, 1070 strike price) and then down past 1058. Based on the limited price movement today, I would expect Google to open on Tuesday lower, move higher before falling more than 20 points throughout the rest of the day.
- Walmart and Home Depot fell today, made mini runs up before falling more. I have observed this trading pattern for the past couple of weeks. It may hit 185, but may trade below 182 first this week. Friday's have looked really good to take advantage of buying after being down all week. Both report earnings next week. They both should knock it out of the park when they report. They might be the last step to bring the market higher.
- Boeing held strong most of the day and when everything else fell, it came down 2 points, but it trades over 340 when that happened. Based on the trading patterns, I would expect it to hit 335, come back to 342 and fall to 330 like it has done over the past couple of weeks.
- More earnings this week means possibility of having more upside, but given the major market components have reported already, I don't know that we will see that much upward movement before coming down to an area similar to last week.
I am day trading with Options of stocks and have noticed tendencies and have decided to note them into this blog. At this time the information is free to use, but you should not rely on it for sole purpose of trading as I accept no responsibility for what you do with the information. I do encourage comments on what you see. Please follow me on Google+.
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Showing posts with label Berkshire hathaway. Show all posts
Showing posts with label Berkshire hathaway. Show all posts
Monday, May 7, 2018
The Monday After....
Friday, May 4, 2018
Thurs/Fri Bull Market Runnin'
- Thursday was a continuation of Wednesday afternoon's sell off after the Federal Reserve made their meeting conclusions. By 11am, everything turned around and took off all the way until close.
- Boeing (BA) went down to 319 when I saw it as a screaming buy so I bought 2 Call options with a 320 strike price. I sold too early for 5.50 when BA was at 325 because BA ran up to 330 by the end of the day.
- Alphabet/Google (GOOGL) fell to 1006 whe I bought 3 calls and it ran up to 1030 and closed at 1026.
- Apple was continuing it's run up which was fueled Friday morning when it was announced that Warren Buffet's Berkshire Hathaway accumulated 75 million shares in the 1st quarter of 2018. On Friday's market open, Apple was the strongest positive influence in the market and everything rallied throughout the whole day. You could have bought a call on almost anything and done great.
- Home Depot (HD) opened at 183 when I saw you could buy the 185 strike price calls for .17 and when it hit 186 around lunch time you could have sold those calls for 1.20. So if you bought 10 for a total of $170, you could have sold for $1200.
- Even Tesla had a great rally to finish around 296.
- Alphabet hit 1018 within the first few minutes of market open on Friday. I bought 2 1025 calls for 2.90. I sold them when GOOGL hit 1040 for 15, but if I held a couple more hours until 3pm, I could have sold for 25. $594 into $5000!
- I advised a friend to buy a 1030 strike price on GOOGL. If I knew he bought it, I would have told him to sell for $10 minimum which would have been a 85% profit for one day. Instead, I thought he bought a Boeing option because it was still low when GOOGL started climbing and I told him to sell it around 3.5. He sold the GOOGL option that would have been worth 20 by the end of the day. He did not specify what he owned or I would have told him to sell for a higher price.
- Day trading is fun and profitable when you follow the technicals, avoid making emotional trades/non-trades, and follow a discipline.
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