How I conquered Monday morning with +40% gain on Visa and Alibaba option stocks
What a win this was with Visa (Ticker V) and Alibaba (Ticker BABA). I was pretty stoked when I was able to enter both these trades using BlackBoxStocks. BABA was actually a swing trade.
I also played MSFT,SBUX, and JPM which is discussed below. What a great day in the stock market as the SPY was also up.
Let’s start off with Visa as I have already played this earlier this month as a swing.
1 week ago gain was +49%
I did not start tracking by posting so you can only take my word for it. Last week we decided to play Visa on Friday but I missed the alert. I REALLY wanted to get in it so I watched it first thing when the market opened. Bingo! I had an entry and if I didn’t hesitate, I’d have an even more bigger gain.
1) Go Visa Go +41%
This was a nice uptrend and I think I got out a bit early but again, you take your GREEN. I was unsure where $SPY wanted to go so it made sense to take the exit. Visa has been known to slowly dip down and get you. I waited for the pull back expecting it to head down but it did not. I also had a fill for $4.00 for the contract so it executed. This made became a bit over $102 per contract.
2) ALIBABA the swing play +40%
There was a huge flow play on this which had an unusual flow activity. We beat the news before it broke out. There was a few million contract that came in for that strike price.
This was a swing play that we entered in 7/14. We entered pretty high but so did the huge fund that bought into this. There was a time where I wanted to get rid of it since I was at a lost but you just need to keep your emotions. Wasn’t that worth it?
Below is the day chart for today that the exit was made.
3) MSFT +33%
A quick day trade that was actually supposed to go places but I cut it short just to stay green.
This play was one that says you should have held me longer. But again when you’re on a role take it and move into the next one.
3) SBUX-26%
I played a very small position side…1 contract. It hit my stop loss real quick so it had no time to pull back. This is why you don’t freak out when it drops to -26% because it literally pulls right back. There was plenty of support but I got out…WEAK.
Ain’t that something?
4) JPM – 28%
Fast like a Nascar. Since I had a good start of the week I went for this quick trade. This is where I’m very happy to get out. When you see the chart with a big green roman candle you watch that like a hawk. Otherwise you will crash. Look at the rest of the day, this was the HOD (high of day)
WHEW!! I’m good and I’m done.
I picked up a few other options that will be published later.
