FB has been a perfect trading stock for me this year. I've held onto share since 2014 and sold my position at the beginning of this year around $185 (first red arrow, around 2/18).
Shortly after my initial sell, shares of FB went down to ~$150 due to the Cambridge Analytica data breach. Seeing oversold conditions I went long the 8/17/2018 $170 Calls (first green arrow around 4/18). I ended up selling on 5/31 (2nd red arrow) for a total gain of 89.39%.
Right after closing the position, seeing a double top, I decided to go long the 7/20/18 $190 Puts the next day and sold two days later for a total gain of 72.38%. (2nd down arrow).
A few days later, seeing FB hold up well, I decided to go long the 9/21/18 $190 calls (2nd green arrow). I rode this train up until 7/24/18, and trimmed the position for 70.92% gain.
I decided to play earnings by keeping some of my long position, and hedging via puts.
On 7/24/2018, I went long the 9/21/18 $200 Puts. To my surprise FB went down on earnings by +20%. In the morning, seeing my substantial gain, I closed the puts position for a total gain of 523.73%! Best trade I've ever made.
Needless to say, it's been an amazing year so far, just with this stock alone.
I will likely use my puts gains to go long calls once this sell-off finds a floor. I will post my next long or short FB trade.
Just thought I'd share, thanks for reading. Feel free to share your best (or worst) trades this year.
Cheers!
Shortly after my initial sell, shares of FB went down to ~$150 due to the Cambridge Analytica data breach. Seeing oversold conditions I went long the 8/17/2018 $170 Calls (first green arrow around 4/18). I ended up selling on 5/31 (2nd red arrow) for a total gain of 89.39%.
Right after closing the position, seeing a double top, I decided to go long the 7/20/18 $190 Puts the next day and sold two days later for a total gain of 72.38%. (2nd down arrow).
A few days later, seeing FB hold up well, I decided to go long the 9/21/18 $190 calls (2nd green arrow). I rode this train up until 7/24/18, and trimmed the position for 70.92% gain.
I decided to play earnings by keeping some of my long position, and hedging via puts.
On 7/24/2018, I went long the 9/21/18 $200 Puts. To my surprise FB went down on earnings by +20%. In the morning, seeing my substantial gain, I closed the puts position for a total gain of 523.73%! Best trade I've ever made.
Needless to say, it's been an amazing year so far, just with this stock alone.
I will likely use my puts gains to go long calls once this sell-off finds a floor. I will post my next long or short FB trade.
Just thought I'd share, thanks for reading. Feel free to share your best (or worst) trades this year.
Cheers!
Trade active:
FB is stabilizing. Going long the 3/15/19 $180 Calls.
Trade active:
FB finished the day up 4.45% on relatively strong volume. This suggests more upside is coming. Once shares hit $190, I will initiate a short position to protect my gains.
Calls are currently up about ~17%.
Calls are currently up about ~17%.
9/21/18 $175 Puts -- up 224%, sold this morning.
9/21/18 $167.50 Puts -- up +100%, open. Not too late to hedge with this position.