General comments:
MA Stocks- My general plan has not changed and will continue to add some slowly. WWR seems to be a common example for most and being in the 5s is tempting to load the boat. Underlying conditions could drive this lower so I have just set limit orders at various levels in the 5s. DPW, DNN, EBON, and others fall in the same
Hedging- Look forward to additional feedback from Foggy, FJ, and 30k on this as I still feel pretty green on the hedges. I bought SPY and QQQ puts for March earlier in the year when many were projecting a possible correction in the Feb/March timeframe (a few UVXY June calls at $10 strike). Have shares on UVXY, SQQQ, and SDOW but I have been hesitant to sell CCs on UVXY in the event of a huge spike on a larger correction.
I have not completely separated my "day trading/swing trading vs. MA stocks" between various accounts so I have to take things with a grain of salt. Some positions are down, but they simply look down on my app. Most MA plays and short term swings are still up relative to my cost average. Hard for many to see blood in the water and wake up to see drops here and there... guilty myself. However, I have significantly decreased short term call options
Times like this keep you humble and make you look harder at your positions to see where you can improve, trim, lower cost average (buying dips, selling puts, etc.), or exiting certain positions.
GENERAL QUESTIONS
- Are there certain companies that anyone believes have been holding well this week?
- Are there any LEAP plays that are looking attractive to the group?
- Any attractive cash covered puts on the weekly or monthly that are pretty juiced at this point?
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