Took another bear position for Verizon VZ as the signal triggered on 7/7 but I closed it out on 7/11 when it couldn’t sustain any move down for small profit. I also entered another position for CHK on the 7/11.
Yesterday market came down again and a few of my alerts triggered.In a bear market, I trade in accordance to what the market is showing me although I might take one or two against the market trend but it still has to satisfy the individual stock trend at that time.
I didn’t take all of them as some of them triggered after late into the day. Anyhow, I put on positions for ABT,ADBE and VRSN. Though the market was bearish, ABT showed resilience and I opened a position as it fits my portfolio to make sure I cover any bull stocks as well as bear stocks.
Position closed to date for July :
Stock Entry Str Ent Pr Exit Exit Pr Unit P&L
ALTR 6/23 Sep 22.5 PUT 1.85 7/7 3.10 1 125
MMM 6/17 Jul 75 PUT 1.9 7/7 5.05 1 315
PG 7/7 AUG 62.5 PUT 1.8 7/9 1.00 2 -160
MCD 7/7 AUG 45 PUT 1.4 7/9 0.85 1 -55
VZ 7/7 AUG 35 PUT 1.7 7/11 1.75 2 10
MMM 7/9 AUG 70 PUT 2.8 7/14 3.00 1 20
PL +255.00
Open Positions :
Stock Entry Str Ent Pr Closing Pr Unit P&L
ALL 7/7 AUG 45 PUT 1.5 2.83 2 265
CHKP 7/11 AUG 22.5 PUT 0.8 0.75 2 -10
ABT 7/14 AUG 57.5 Call 1.7 1.30 1 -40
VRSN 7/14 AUG 35 PUT 2.05 2.23 1 17.5
ADBE 7/14 AUG 37.5 PUT 1.3 1.35 1 5.00
Unrealized PL +237.50
A few that might have triggered a position were IBM, GE for bear positions and,PEP and ROST for bull strategies. For bull strategy, I would be cautious in this market condition so for ABT, I will have to closely monitor if it would trigger a stop.
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