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AWESOME Profit Taking Today from Scout Report

January 5, 2015

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Coach G. Especially proud of the Long Puts and Debicons today
Check out the returns on trades closed today.
MONDAY UPDATE – JAN 5
BULLS TEAM
AAL- taking rest of Position off the table- spread price entry= .75 exiting for 1.24 = 65% Return
FB – in and out, stopped out.

BEARS TEAM
CAT – TOLD YA this was a nice setup!! Entered puts for 2.20 each, Just sold another one for 5.00 = 227% Return
No risk left in the couple of contracts still remaining.
FSLR – Puts entered on 12/22 for 2.51 are now 3.65 – exiting entire position for 41% Return
and Feb 42.50 Puts entered this Morning at trigger for 2.26 are now 3.10,taking all but 2 contracts off = 37% return
GD- Nice follow thru on double bottom support, taking one off for 2.05 entered for .90 cents = 127% RETURN
HFC – Entered on trigger this Morning the Feb 38 Puts for 1.95, Just exited 4 of 6 contracts for 2.40 = 23% Return in 3.5 Hours. Move stop down to 37.90 on remaining 2 contracts Thats the swing trades I like, when they pan out as a good day trade!
HP – Slowly breaking down, squeezing .20 cents profit or more on half the position placed on 12/31 putting stop on rest at trig above 68.50

JOY – Nice follow thru. 2 contracts left of the feb 49 Puts, entered for 2.79, exiting 1 now for 4.45 = 59% Return!! Made so much on this I dont need a stop to protect last contract.
WMB – triggered this morn entered Puts for 3.25, exiting half position for 3.75 = 50$ profit per contract
XOP– Finally got a breakdown on spread, 45/38 put spread cost 1.45, exiting half of the contracts for 2.30 = 58% Return!

CREDITS
all looking good, holding

DEBITS –
BIDU – Debicon placed 12/29 – taking remainder of position off. up about $80 per Condor. letting other BIDU positions run
FDX- DebiCon paying out nicely thanks to Put side. entered debicon on 12/29 for .90 cents, just exited 2/3 of position for 1.55 = 58% Return
SPY – Debicon paid out nicely thru put side. entered 12/29 for .80, exiting all for 1.46 = 82% Return on etf Debicon!!
UNP – Debicon placed 12/29 panned out nice. entered for .36 cents. exiting for 1.00 = 177% Return
also entered debicon today for just under 1.13, exiting 2/3 of positon for

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3 Replies to “AWESOME Profit Taking Today from Scout Report”

  1. SCOTT WHEELER says:

    CAT was great!!! Thank you GINO!!!!

  2. Nice report again, Gino. My credit spreads have been banking very well for me. Did not like how FB was panning out so I closed it out. The others are working out very well.

  3. Matt Justice says:

    Yeah, CAT paid out well so did every bear out there today. Awesome trading day

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