Good morning!
CHL/Seer - You have until November but it seems like a month-long process at least to transfer the ADR so I'd say do that so at least you are semi-liquid and then consider selling. If Biden reverses the order, this thing could explode higher.
BABA/Rick - Well he caved but it keeps the company intact, which is great for the shareholders, which includes us in the LTP:
| BABA Long Call | 2023 20-JAN 250.00 CALL [BABA @ $237.52 $14.21] | 15 | 2/3/2021 | (648) | $106,500 | $71.00 | $-26.75 | $71.00 | $44.25 | $8.33 | $-40,125 | -37.7% | $66,375 | ||
| BABA Short Call | 2023 20-JAN 300.00 CALL [BABA @ $237.52 $14.21] | -15 | 2/3/2021 | (648) | $-78,000 | $52.00 | $-24.85 | $27.15 | $5.05 | $37,275 | 47.8% | $-40,725 | |||
| BABA Short Put | 2023 20-JAN 200.00 PUT [BABA @ $237.52 $14.21] | -5 | 2/3/2021 | (648) | $-15,500 | $31.00 | $-3.95 | $27.05 | $-4.45 | $1,975 | 12.7% | $-13,525 |
Nice net $13,000 entry on the $75,000 spread. Still playable at $12,125 as our entry wasn't the best.
by phil - February 3rd, 2021 8:11 am
Let's talk Fundamentals.
Our guest today in our 1pm (EST) Live Trading Webinar will be Bill Olsen of Newsware and he's going to show us lots of tricks to get the most out of his platform, which is better than a Bloomberg Terminal for bringing you the headlines before they become headlines. While I'm mostly a Fundamental, Long-Term Trader, who doesn't like to get a jump on a quick trade because you know something that's not generally known yet?
As Gordon Gekko said in "Wall Street": "I don't throw darts at a board, I bet on sure things." Information is power and we're living in the information age but, unfortunately, like everything else, you have to learn to read and filter the news and, while Bill has many pre-set filters you are going to love – you are still going to have to put your 10,000 hours in if you want to get your Gekko on.
