Longs liked it.
From my angle, February sucked. First two days I was up +4% and up 1.7% to reach my YTD high of +14.3%. Then all downhill from there, ended at up just 4.9%.
March is o.k for the moment, up 2.4% for the month, 7.5% YTD. I’ll take it.
Now, TITWTW (This Is The Week That Was). Very busy. Monday, CRWD poked its head above my average buy price so I reduced the holding back down to 100% of targeted amount invested. Sold at 126.04. It ended the week at $131 but I am o.k. with that as I still retained a full position. The rest of Monday was all options Placed short strangles on DDOG and SNOW: DDOG at $75 and $81 (Closed $76.98); SNOW at $136 and $160 (Closed $142,14). Pocketed $874 of premiums. Then, sold put on UPST, $!6 strike (closed $18.82); Calls on AFRM, $15 strike (closed $13.86) and CRWD call, $126 strike (closed $126.04). Now after hours CRWD went up to 127.05 but I think the option closed at end of session–not sure Pocketed $342 on those. . $1,216 for options for the week. That’s a lot of rice, beans, beer and catch-of-the-day. If DW finds out she’ll grab me by the ear and haul me arse down to the mall to buy a decent pair of jeans and replacement Skechers so me little toe doesn’t stick out. We non-consuming octogenarians are Hell on retailers
I sold my small holdings of SentinelOne, ZScaler and Zoom Info. S and ZI moved on up and ZS was down after the sells. Mostly I was just reducing the number of stocks in the portfolio. I used some of the proceeds to start a very small position in PANW based on a couple of reviews from some people I follow. Those four moves equaled a tiny loss
25.0% cash +2% treasuries.
I thought the earnings last week were good. Same pattern overall, revenues and earnings above forecast, disappointing forecast. Stock prices down = buy. Generally, I bought the dips of the week:
STOCK Price Friday Closing
SNOW $144.70 $142.11
UPST $ 16.86 $ 18.82
GLBE $ 21.28 $ 28.94 :slight_smile:
PSTG $ 24.83 $ 24.56
UPST $ 16.95 $ 18.82
PSTG $ 25.18 $ 24.56
UPST $ 16.93 $ 18.82
I would have purchased more UPST but I had a lot of $16 puts so that is something to think about when deciding if the puts are a good or bad idea. I missed out on $2 gains because I had 20 cent premium gains.
Dreamer and I on the teeter-totter. Short and Long, He be up, I be down. Both feeling “Market Sucks”
KC