Weekly Options Play

During this years earnings I have been dabbling in the weekly options. I've been looking for bigger swings in the call/put trades and leveraging larger trades. To accomplish this, I have been using the SPDR S&P 500 ETF (SPY) Last week I had purchased 25 SPY April 24th $213.00 calls for $0.05 and got my opportunity a few days later to sell for $0.11, but missed my sale and never recovered on the trade. The options expired worthless.

The S&P 500 hit a new high on Friday, so my belief is there could be some large movement in either direction. To take advantage of this move I employed a strangle trade on the SPY May 1st weekly. My strike prices are $208.50/$211.50 (put/call).

New Established Positions

I established some new call positions and picked up some shares in a small company trying to leverage the transition into electronic cigarettes and vaporizers. The company I'm referring to is Vapor Corp (VPCO). I'm not a smoker, but at my place of business, I have seen a large amount of regular smokers now choosing to use electronic cigarettes or vaporizers, so why not invest in what you see? In the options world, I'm feeling bullish on a few areas based on earnings season and large swings in pricing, so picked up some weekly and monthly call options. The first two are highly speculative and are pure volatility plays and I'm looking for large movements over a very short period of time.

Netflix (NFLX) April 24th $630.00 calls. Earnings were released April 15th.

SPDR S&P 500 ETF (SPY) April 24th $213.00 calls.

ULTA Salon (ULTA) June 19th $170.00 calls. Earnings scheduled for May 28th.

New Position in FireEye

I established my first-ever position in FireEye, INC (FEYE). Instead of purchasing the stock outright, I purchased a few June 2015 calls. Looking at the chart, the stock crossed and seems to be holding above its 50-day moving average. If this remains true, I'm looking for at least a double in my options.

Links to Resources

Just went through and removed and added a few links to my blog such as a nice link to an investment calendar. I'm always willing to add and share links and other ideas, so don't be shy to contact me and I will review and add your links as applicable. Tks - Justin

Dividend Play and Speculative

I added to my Annaly Capital Management (NLY), which is a Real Estate Investment Trust with a current dividend well over 10% per annum. I also purchased a large amount of OncoSec Medical Incorporated (ONCS) to leverage a biotech company taking a stab at melanoma.

Update: Momentum Trades Using Options

I've made a few moves and wanted to bring everyone up to speed.

I closed out my Skyworks Solutions (SWKS) May 2015 $70.00 call at $14.30, which I originally purchased for $8.21. I still have confidence in SWKS, so I took some of the profits and re-invested in a further out of the money call. I purchased a May 2015 $100.00 call for $1.90. This allowed me to lock in some profit and still have some upside with SWKS.

I closed out my Celgene (CELG) May 2015 $125.00 call at $4.00, which I originally purchased for $6.35, so took a loss. Looking back, I had an initial opportunity to make a small profit, but let it run too long.

I'm still in my U.S. Oil ETF (USO). On multiple occasions I've come close to locking in some profit, but willing to let this "run" a bit more. Oil remains very volatile, so looking for a profit over $5.00.

One trade I didn't post here, but did sent out Tweets that I went short Abercrombie & Fitch (ANF). Five days ago, I purchased a May 2015 $25.00 put at $2.50 and following their horrible announcement sold it today at $4.60.

Momentum Trades Using Options

I entered three new positions using call options: Celgene (CELG) April 2015 $125.00 call for $6.35 Skyworks Solutions (SWKS) May 2015 $70.00 call for $8.21 U.S. Oil ETF (USO) October 2015 $15.50 call for $3.55

The genesis for my first two choices: CELG is continued upward chart pattern and support along 10-week moving average. SWKS is coming out of some consolidation and I'm hoping will springboard higher. The choice to dip my toe into USO is strictly based on the huge downward drop. I'm thinking the volatility will level out and prices will begin to level off if not rise.

Merry Christmas and Happy Holidays

I just wanted to take a quick second and wish everyone a Merry Christmas and Happy Holidays. I look forward to 2015 and we will see if the stock market can keep up with its current momentum. If anyone has recommendations or topics of conversation please bring them forward and let's discuss and educate one another. -Justin-

Gold and Siver Debate

I'm very intrigued on the pro/con discussion on why Gold/Silver should be going higher and the perceived manipulation associated with the aforementioned. Check out these links.
Rob Kirby You Tube
Bill Holter YouTube
GrandMaster Putin
COMEX Corruption?

Sun Worship

Over the past few months I've seen numerous Solar City trucks and vehicles all over the city and more and more solar panels on rooftops. Is this the time and place to get long? I've toyed with the idea of purchasing some stock, but also may look to purchase some 2016/2017 options.