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Not much going on so it's a good time to review our Top Trade Alerts.
Generally we like to give them about a year before we do a review but it's also good to do our reviews right before earnings so we can see if there are still bargains to be had. 11 (64.7%) of our 17 trade ideas from Q1 2021 were winners as of our Jan 11th review and, of those "losers", we had:
- GOLD - Went from $18 to $25 and our adjusted net $1,660 position is now net $44,775, which is up 2,597% in 3 months and THAT is why we like to do these reviews! Aren't options fun?
| GOLD Long Call | 2024 19-JAN 15.00 CALL [GOLD @ $25.25 $0.24] | 50 | 10/15/2021 | (638) | $27,500 | $5.50 | $5.18 | $6.33 | $10.68 | $0.23 | $25,875 | 94.1% | $53,375 | ||
| GOLD Short Put | 2024 19-JAN 25.00 PUT [GOLD @ $25.25 $0.24] | -20 | 10/29/2021 | (638) | $-17,000 | $8.50 | $-4.20 | $4.30 | - | $8,400 | 49.4% | $-8,600 |
- WU - Still down but not as much. At $22 we make $2,000 with $21 our break-even.
- GOLD - We had picked 2 more GOLD plays that were counted as losses at the time - also now with massive turnarounds.
- QSR - We had a $25 loss back in January but already flying high now as we got more aggressive:
| QSR Short Put | 2023 20-JAN 50.00 PUT [QSR @ $61.36 $1.14] | -10 | 3/25/2021 | (274) | $-4,500 | $4.50 | $-2.80 | $-7.17 | $1.70 | - | $2,800 | 62.2% | $-1,700 | ||
| QSR Long Call | 2024 19-JAN 55.00 CALL [QSR @ $61.36 $1.14] | 25 | 11/18/2021 | (638) | $19,300 | $7.72 | $2.63 | $10.35 | - | $6,575 | 34.1% | $25,875 |
- PARA (was VIAC) - Was down $11,300 (141%) at net -$3,300 and we spent $1,500 more to roll to 15 2024 $25 calls covered by 10 2024 $37.50 calls and now we're at $35 and back on track at net $11,950.
