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The markets don't seem to believe we are closer to a stimulus deal. After market session was red yesterday. It is just before 4 AM EST as I write this, so let's see how PreMarket reacts. Stimulus does seem to be the number one factor driving these market swings.
Yesterday and today for me:
[AMC] I got out of both my long and sold put positions. I did not want to risk shares being assigned and the small bump for a swing trade I was expecting did not happen. I knew it was a risky play to begin with. I took a small loss, but not enough to risk going red for the week.
[GE] Still holding 23rd $7.50 calls. I might sell them today as stimulus seems less and less likely this week. The stock doesn't want to break $7.40. I am looking to add shares below $7.30 today. ER next week 10/28.
[AVXL] Added more shares yesterday. Stock dropped as low as $5.01. I'm still favoring this stock long, but looking to sell above $5.40 and look for re-entry.
[JPM] I put in a sell order for $100 (may adjust sell price depending on how premarket looks). This will no doubt jump with positive stimulus news, but I looking to free up money for other trades. I'm already locked in for the 10/31 div payment and my entry was $92.35 average. Overall a good return.
[KSS] My Oct 23rd $19.50 sold puts look in good shape. Although now I'm wishing I would have just bought the stock at that price!
[Today's ERs](https://earningswhispers.com/calendar)
[PreMarket News and Movers](https://www.benzinga.com/premarket/)
[Stimulus News](https://www.ibtimes.com/second-stimulus-check-update-pelosi-mnuchin-move-closer-signing-relief-bill-deal-3066480)
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The markets don't seem to believe we are closer to a stimulus deal. After market session was red yesterday. It is just before 4 AM EST as I write this, so let's see how PreMarket reacts. Stimulus does seem to be the number one factor driving these market swings.
Yesterday and today for me:
[AMC] I got out of both my long and sold put positions. I did not want to risk shares being assigned and the small bump for a swing trade I was expecting did not happen. I knew it was a risky play to begin with. I took a small loss, but not enough to risk going red for the week.
[GE] Still holding 23rd $7.50 calls. I might sell them today as stimulus seems less and less likely this week. The stock doesn't want to break $7.40. I am looking to add shares below $7.30 today. ER next week 10/28.
[AVXL] Added more shares yesterday. Stock dropped as low as $5.01. I'm still favoring this stock long, but looking to sell above $5.40 and look for re-entry.
[JPM] I put in a sell order for $100 (may adjust sell price depending on how premarket looks). This will no doubt jump with positive stimulus news, but I looking to free up money for other trades. I'm already locked in for the 10/31 div payment and my entry was $92.35 average. Overall a good return.
[KSS] My Oct 23rd $19.50 sold puts look in good shape. Although now I'm wishing I would have just bought the stock at that price!
(post is archived)