Sold a TSLA 195/190 MAY14 put spread for 3.95, making max loss only -$105. That's not bad, and it was a great trade (even though it will be a loser, most likely) because max gain was so much larger than max loss, plus the IV crush and yadda yadda yadda see this.
It's a good thing I closed out my GMCR position at lunch time today, or else I would have been in for a world of pain. Entered short yesterday -85 shares @ 95.38 and closed today @ 90.53 for a profit of $412.25. GMCR reported earnings after the bell, unbeknownst to me, and is now up greater than 6% to 98 and change. Whew!
Was very tempted to stay short IBB today but also sold out at 224.50, capturing a $494 profit. I remain short on QQQ (-85 shares) and IWM (-75 shares), although I was also very tempted to close those as well. Profits could have been $155.55 for QQQ and $180.75 for IWM, but as of now unrealized profits are at $83.30 and $81 respectively.
Total for the week: $1,181.25
- GMCR: $275+$412.25=$687.25
- IBB: $494
Additionally on GMCR, the short play is now over. 50MA broken to the upside on good earnings. I'd rather go long, this isn't a crashing tech stock like TWTR, but more on that this weekend.
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