Not really, but I want to short every stock,
except for those with earnings due in the next 3 sessions. Back in October
every stock was oversold. Now, every stock is overbought. I see too many stocks
for which I can sell the bear call spreads, and finding it hard to choose from.
For the Feb options cycle, I am selling bear
call spreads for the following:
LinkedIn (LNKD): I lucked out, in
liquidating my puts before earnings, but I will be a bear on this stock, until
it gets below $60. I am selling $87.50 calls for Feb and buying $92.50 calls
for a credit of $1.40.
Regeneron Pharmaceuticals (REGN):
Sure enough the best estimates for sale of Eylea have doubled from $160 million
to $300 million, but it is ridiculous that stock has doubled in the last 40
days, raising the market cap by $5 billion. I am selling $110 Feb calls and
buying $120 calls for a credit of $2.80.
Intuitive Surgical (ISRG): I love
this stock, but it has gained almost 15 %( more than $60) in last 2 weeks. I am
only betting that its rise will stall for the next few days, 3 days to be more
precise. I am selling $515 Feb calls and buying $525 calls for a credit of
$2.30.
With only 3 days left in this options cycle, I
feel the best way to trade is to sell bear call spreads, for that stocks that
had extraordinary runs.
good
ReplyDeleteThanks for stock analysis and the practical signals for trading options. It will help to many traders to make successful operations.
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