SWK

2021-02-07 Sunday

WEEKLY MARKET OVERVIEW The last painful week of January has been completely forgotten with the market not only recovering completely from the losses but also pushing to a breakout of all-time highs that so far has been successful. We’ll be opening next week in deep overextension on the upside, and after such monstrous weekly gains, …

2021-02-07 Sunday Read More »

2021-01-24 Sunday

WEEKLY MARKET OVERVIEW With the new US president finally at the White House, this four trading days week has seen most indices recovering from the previous week’s losses and back to a test of all-time highs. Weekly performance:– SPY (S&P500) +1.91%– QQQ (Nasdaq100) +4.35%– DIA (Dow Jones Industrial) +0.60%– IWM (Small Caps) +2.02% The SP500 (SPY) broke out to all-time highs on the …

2021-01-24 Sunday Read More »

2021-01-13 Wednesday

Wednesday has been another relative quiet day with mixed price action between various sectors and major stocks. With already a CSP expiring this week I decided to take a chance on AMD pullback and open a new CSP at the same $89 strike but expiring on 01/22. SWK has been one of the worst daily …

2021-01-13 Wednesday Read More »

2020-12-29 Tuesday

I closed the CSP on FB expiring this week. The stock was quite overbought and with very little premium left, so I preferred to take risk off the table while keeping 96% of the original premium collected on 12/15. Despite breaking down the ascending trend line the price never got close to the strike level. …

2020-12-29 Tuesday Read More »

2020-12-26 Saturday

This was a short trading week due to Christmas Holidays. On Thursday the market was open only until 1.00pm while yesterday it was completely closed. I was assigned on WMT as the 12/24 $146 CSP expired ITM. As I initially collected a premium of $1.92 my break even point is now at $144.08, so not …

2020-12-26 Saturday Read More »