Financial Velociraptor

I took profits early. music selection:  “Doctor My Eyes” — Jackson Browne On 12MAY2020, I opened a bull call spread in OKTA at the 160/165 strikes and 19JUN2020 expiry.  I had 8% downside protection remaining as of this morning.  Earnings

I’m vindicated. music selection:  “Doctor My Eyes” — Jackson Browne I just got notice from my broker that JCP is issuing a FULL CALL on my bond.  I will receive par at maturity.  Bullet dodged like a ninja! Devour your

Stink bidding for Hershey. Music selection: “Doctor My Eyes” — Jackson Browne weigh-in:  212.4 +1.8 I’ve admired Hershey (HSY) for years.  It has a strong brand and a great capitally efficient business.  It is also a strong performer when it

Five groaners. music selection:  “Laughing” — The Guess Who Devour your prey raptors!

I have two new trades. music selection:  “Sweetest Thing” — U2 I have a bullish and bearish trade today.   For the bullish trade, I opened a spread in MMM.  For the bearish trade, I bought long dated puts on Delta

I took profits. music selection:  “She’s Waiting” — Eric Clapton On 18MAY2020, I opened a bull call spread on NVDA.  I paid 3.20 a share.  With earnings out tomorrow, I re-evaluated.  I had 3.5% downside protection left in the trade

A stink bid went through. music selection: “Kickstart My Heart” — Motley Crue I like Nvidia (NVDA) right now.  I put in a stink bid on a narrowly in the money bull call spread with Friday expiry.  I did not

Re-establishing two expired positions. music selection:  “What A Feeling” — Irene Cara weigh-in:  210.6 (0.4) My puts in GDXJ expired worthless over the weekend.  I cleared 140% annualized on the trade.  Today, I sold GDXJ200619P00046000 for 3.00 a share.  The

Five groaners. music selection:  “Oh Sheila” — Ready For The World Devour your prey raptors!

JCP was expected to file for bankruptcy today. music selection:  “Stan” — Eminem Last month, JC Penny (JCP) went into technical default on one of its bonds by not making a timely coupon payment.  Today was the last day of