Two new trades today. music selection: “Bedroom Hymns” — Florence & The Machine I have a bullish trade (bull call spread) and a bearish trade (long dated put) today. I’m going long on OKTA. The company provides digital identity management
Bought puts on VXX. music selection: “Girl On Fire” — Alicia Keys weigh-in: 211.0 +1.0 I’m getting back to my roots. VXX suffers from terminal “contango”. That is, it is an ETF designed with intent to track the DAILY price
Sold long dated puts on T, MCK, PTON. music selection: “I Can See Clearly Now” — Jimmy Cliff On 26APR2019, I bought a long dated put in MCK for 10.00 a share. The thesis was that McKesson is dangerously exposed
Shifting exposure away from NLY. music selection: “Paschendale” — Iron Maiden weigh-in: 210.0 +0.4 Annaly (NLY) puts have treated me well. I went BIG with those earlier. I still think the company is a screaming buy up to $7.00. But
Five groaners. music selection: “Roll The Bones (live 2002)” — Rush Devour your prey raptors!
Looking better after a month. music selection: “Jamming” — Bob Marley I am acclimating to a new normal where spending is about 500 dollars a month less (although it might not be necessary.) I have been able to make some
I wrote a long dated put. music selection: “No Woman, No Cry” — Fugees Biogen (BIIB) has mostly traded sideways for years. I like its current prospects thanks to an Alzheimer’s drug under development. The company also shares a 50%
I’m putting in a good till canceled bid on Under Armour bonds. music selection: “No Woman, No Cry” — Fugees weigh-in: 209.6 +1.0 The spread between US benchmark Treasuries and high yield bonds is widening. There will be lots of
Five groaners. music selection: “Stand Or Fall” — The Fixx Devour your prey raptors!
Closed two hedges, opened two more. music selection: “Becoming” — Sneaker Pimps Since 2018, I have been accumulating some small long put positions in companies I think have too much debt, structural problems, or litigation exposure. Today, I adjusted some