For this post, I want to bring up and recommend ROKU and MTCH, which have been two of my best performers this year and are just beginning to break out to new ATHs.
Said simply, I think these are both ~$100 stock. I think that this price tag is likely going to come sooner than some might expect due to multiple catalysts that I will talk about in future posts. I just wanted to bring these names up now, put it on your radar, and later share what drove my thesis.
The green and red arrows show my buy/sell points this year. Below are my returns so far:
MTCH (12/21/18 $43 Calls): +32% (sold)
MTCH (9/21/18 $50 Calls): +56% (open)
ROKU (10/19/18 $49 Calls): +104% (sold)
ROKU (9/21/18 $65 Calls): +247% (trimmed/open)
Total = +439%
While my timing could have been better (more on that later), I'm satisfied with that return - who wouldn't be. I'm always learning and getting better with my trades (learning from losers and staying humble is key).
I'm recommending that investors should buy these names for the long-term (think 2-5 years). I'd wait for a small pullback here before jumping in; as you can see RSI is in overbought territory, but not significantly so historically (I may buy Puts to hedge my current positions). I'll provide updates on technical levels soon. However, since this is a long-term holding you could buy now and average in if it declines meaningfully. Again, I think 2-5 years from now, these names are going to generate very nice returns.
I'm also not suggesting options at the moment because of the massive run-ups and short-term pullback risk.
My plan overall is to own the stock, and play weekly, monthly, and longer dated options.
Action: Buy ROKU + MTCH
I'm posting a link to Seeking Alpha where I first mentioned why I was buying MTCH back in May-2018. My name there is: soajustice. I post more trades/commentary there as well -- Trading View is all new for me. seekingalpha.com/new...acebooks-dating-play
More to come, stay tuned.
Would love to hear your thoughts, feedback and analysis.
Cheers!
Said simply, I think these are both ~$100 stock. I think that this price tag is likely going to come sooner than some might expect due to multiple catalysts that I will talk about in future posts. I just wanted to bring these names up now, put it on your radar, and later share what drove my thesis.
The green and red arrows show my buy/sell points this year. Below are my returns so far:
MTCH (12/21/18 $43 Calls): +32% (sold)
MTCH (9/21/18 $50 Calls): +56% (open)
ROKU (10/19/18 $49 Calls): +104% (sold)
ROKU (9/21/18 $65 Calls): +247% (trimmed/open)
Total = +439%
While my timing could have been better (more on that later), I'm satisfied with that return - who wouldn't be. I'm always learning and getting better with my trades (learning from losers and staying humble is key).
I'm recommending that investors should buy these names for the long-term (think 2-5 years). I'd wait for a small pullback here before jumping in; as you can see RSI is in overbought territory, but not significantly so historically (I may buy Puts to hedge my current positions). I'll provide updates on technical levels soon. However, since this is a long-term holding you could buy now and average in if it declines meaningfully. Again, I think 2-5 years from now, these names are going to generate very nice returns.
I'm also not suggesting options at the moment because of the massive run-ups and short-term pullback risk.
My plan overall is to own the stock, and play weekly, monthly, and longer dated options.
Action: Buy ROKU + MTCH
I'm posting a link to Seeking Alpha where I first mentioned why I was buying MTCH back in May-2018. My name there is: soajustice. I post more trades/commentary there as well -- Trading View is all new for me. seekingalpha.com/new...acebooks-dating-play
More to come, stay tuned.
Would love to hear your thoughts, feedback and analysis.
Cheers!
Comment:
With ROKU calls up 255% and MTCH up 189% and expiring next week, I'm going to sell these now and roll gains into longer dated options. I haven't decided which ones I will enter, but I will post positions.
Again, I think you should just own these stocks for the next 2-5 years a minimum.
Use options to trade around your core holding.
Have a nice weekend all.
Cheers!
Again, I think you should just own these stocks for the next 2-5 years a minimum.
Use options to trade around your core holding.
Have a nice weekend all.
Cheers!
Comment:
Just opened this morning 1/18/19 $60 Calls.
These are signs that investors want in these names. I still suspect a decent pull-back is coming (RSI overbought levels), but as I mentioned above, thinking long-term, wouldn't hurt to 'start' to buy here an average in if it goes much lower. In fact, if it goes lower, awesome, you get shares cheaper -- good move if you think it's going much higher long-term, which I believe is the case. More to come.