The overall market was down 0.74% on the Nasdaq and 0.60% on the Dow. My account lost $347. AAPL was down 4.25 to $465 and I need Apple to stay between 460 and 480. I like Apple's upside so I feel pretty comfortable with my position. If the overall market is down a lot this week then I am at risk on my 460 puts. I have a small position in GOOG and the stock was down 8.43 today to 896.50. I'm in a good position as I need Google to stay between 885 and 920 by Friday.
My largest position is in Herbalife and I added to this position today when the stock was down. HLF finished down 1.11 to 65.56. I added some 66/64 put credit spreads with an average price of .925 and some 66/65 put credit spreads with an average price of .50. If HLF can go and stay above $66 by Friday I'll be banking a very large percentage gains on all my positions. The stock moved in relation to the overall market today and I expect HLF to have a very large move up at some point in the near future. It may not happen this week or next week but it will happen based on my opinion. I lost $189 on my HLF positions today.
Another stock that I am very bullish on is Mastercard. MA was up 11.55 to 654 today. I am bullish but I wasn't expected such a large move in this stock so quickly over the past week. I sold the 660/665 call spreads so I want MA to stay below 660. Based on the current action I don't like my chances. I re-positioned my put spreads and sold 3 the 650/645 for 1.35. I have a very tight range so I'll be looking for the stock to stay relatively flat tomorrow and will look to exit with some small gains either tomorrow or Thursday. Its more of a guessing game at this point and I don't like to be in those positions.
My last option position is in NFLX and the stock was up again today by 2.06 to win 255.90. I'm not ITM in my 255/260 call credit spread but didn't exit because I re-positioned my put spreads to 245/240. I'm going to watch to see how this stock moves on Wednesday. I feel NFLX is way overvalued and I'll looking for a pull back this week.
Jonny
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