When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
Today, I would like to make a suggestion on a stock that reported yesterday.
It is Keycorp (KEY).
KEY does have weekly options and I am going to suggest a weekly covered call.
Buy KEY at the market, which is $10.72.
Then Sell to Open (1) April 24th - $11.00 call for every 100 shares you own.
These are the calls that expire next Friday or in one week.
You should be able to sell them for $0.32.
If the calls are assigned next Friday, the return will be 5.6%.
KEY is oversold and if the calls are not assigned next week, I will look to sell another round of them.
Based on the tracking portfolio, limit the stock buy to 500 shares or 5.4% of the portfolio.
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more
Call me a nervous Nelly or call me what you want, but when I see a spike and gap in a stock I just suggested yesterday, I am hard pressed not to book the profit.
So, I am going to suggest you close the KRO position.
Sell KRO at the market, which is $9.00.
Based on entry yesterday of $8.08, the gain for a day works out to 11.3%.
If you traded the suggested 500 lot share, the cash return will be $460.
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to a six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three-day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points. Read more
Mad Hedge Technology Letter
April 17, 2020
Fiat Lux
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