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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Although this is off topic. I felt that this was a good article relating to the "Find your Passion" mentality that MJ talks about. How to Really Find Your Passion - The Atlantic
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    I am not charging anything. This thread has turned into an educational thread only. Nothing is for sale.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Cost Basis is 36.10 on NBL
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Tomorrow , Buying NBL limit order of 34.85 or better. Also buying the Jul 20, 35.00 Strike Put. Limit order 1.30. Cost basis is 36.15 unless I get better fills. This will depend on the opening. Will post updates.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Selling FND today for 51.68 plus selling the put for .05. Cost basis is 50.68-.05 = 50.63. Profit on the trade 51.68-50.63= $1.05 per share. This trade took a while, but I was able to hold it through out the whole down move because I had my capital protected. I was able to lower my cost basis...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Another adjustment to the FND trade. Selling the Jun 50 Put for 5.30 originally bought for 3.00 Buying the Jun 45 Put for 2.15 New Cost Basis 50.68 (56.23-5.30+2.15)
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Adjustment to the FND Trade Buying back the Jul 60 Call for .60 cents today. Originally sold for 3.00 Selling the May 18 55 for 6.00 originally bought for 2.85 Buying the the Jun 50 Put for 3.00 New Cost Basis 53.83 (56.23+.60-6.00+3.00)
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    CELG is up again today and so this trade did not happen. New trade today. Long FND @ 56.38 Long FND May 18, 2018 55 Put @ 2.85 Short FND Jul 20 , 2018 60 Call @ 3.00 Net Cost 56.23 Max Risk until Put expiry is 1.23 or 123.00 per 100 shares. This is a collar strategy and will need adjusting as...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    The CELG trade did not trigger. I will set it up for tomorrow. Stop in if it trades below 89.60 with a limit of 89.55. I will buy a call for protection and determine the strike and expiration sometime tomorrow.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Plan for tomorrow is to short CELG if we trade below 89.04. I will also be buying a call option to protect the position, capping the loss in case there is one. The limit sell order will be 89.00 and I will post the call option strike price and expiration tomorrow when I see the prices. This is...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    BAC trade: closing it out today since the put option expires. This trade was positive but did reverse with the market sell off. The final tally on it is a 135.00 loss. I could roll this put option and increase my cost basis banking on a rebound, but I would rather pick another stock that may...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Trade is looking good so far. BAC closed today at 32.72 above the cost basis and the Put still has some value in it with 2 weeks left of time value. A little more up move and I will be adjusting this.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Thanks MJ for the comment. Doing my best to give value here to the community. For tomorrow the new trade will be on BAC (Bank of America). Again I want to make it clear that I am NOT taking these trades in my real account. I am only showing them here for education only. However I am making sure...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Update: I exercised the put option on Friday on this trade and closed out the stock for 52.00 with a tiny loss of 67.00. I will be putting on another trade for educational purposes sometime later today or this week.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Quick update. The call on AAL that i sold expired worthless. My cost basis on the position is 52.67 and I still own the 52 strike puts which expire this week. Today AAL closed at 49.78, but since I have the right to sell at 52 I really would only lose 67.00, if I chose to exercise the option. As...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    AAL closed on Friday at 58.06. Still have about 2 weeks for the call option to expire. If it stays above 55 I get called out and have a realized profit of 233.00. Looks like that is the likely scenario which is okay by me. Then I can move on to the next low risk opportunity. I will keep this...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Making an Adjustment Here. Selling the Feb 2, 55.00 Call for 1.44 lowering my cost basis to 52.67. I still hold the 52 Feb 9 Put , so my risk is now down to 67.00 and If I get called out at 55 i will make 233.00 on Feb 2. That would be a 110% on my risk and a 4.3% return on my capital invested...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    No adjustment today just a recap of where it sits now. Stock Price = 52.99 Options Price = .70 Total 53.69 Profit/Loss -42.00 If exited today at those prices, but the position is still on.
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Happy New Year Everybody, With this new year I would like to do some examples of trades to give anyone interested more information on what I call trading safe. Please understand that with this strategy you will not have as much gains if the positions go up, but at the same time you will not have...
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    Trading Stocks The Safe Way

    HOT! INVESTING 
    Thanks for the suggestions.

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