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.
