8 Minute Read

Nice run on Scout Report for short week

December 31, 2014

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These swing trades for Bulls and Bears team are nice when the trigger and pan out in 3 days or less,
Usually a trade can average a week before exiting, but this week with low volume and holiday very surprised how well they did. Here is an update on follow up management of the trades placed from the current reports.
NOTE** MANAGING THE TRADES IS WHERE THE PROFIT IS AND THE DIFFERENCE BETWEEN PRO TRADERS AND AMATEURS
ITS NOT JUST FINDING THE TRADES< (any stock screener can do that) ITS MANAGING AND EXITING THAT TAKES SKILL AND EXPERIENCE, THATS WHY UNLESS YOU PLACE & MANAGE A LOT OF TRADES YOU WILL NEVER GET BETTER.
Wed Dec 31st Update
BULLS TEAM
WFM – Closed final position of long calls for 2.99, entered for 2.11 monday = over 40% in 3 days
LLY – cancelled orders, never triggered
TLT – selling against remaining long calls by selling the Jan5 130 calls for .55 cents each- now in a 124/130 call spread.

BEARS TEAM
CAT – taking 33% of position off. Nice setup and follow thru, still looks good, but taking a couple of contracts off for about 17% return – entered puts for 2.20, exiting a couple for 2.58, setting stop to trigger if stock above 93.25
IBM – Cancelled all orders, waiting for setup
GD – From 12/20 report triggered today, entered puts for .90 cents, exiting 4 of 6 contracts for 1.15 = 27% return
JOY – Sold 1 contract for the heck of it to bring in 3.45 on a 2.80 entry = 23% return, letting last couple of contracts out there, moved stop to exit on stock trigger above 47.80
XOP – triggered tues, bought 6 of the feb 45 puts, selling some 38 puts against it to make a bearish put spread selling 6 of the feb 38 puts, now in a 45/38 put spread

CREDITS
USO – rolled USO naked puts to Feb1 20.0 strike

Debicon
GMCR – closing/ selling half of position for break even, Puts are ITM , but only 1 day left for expiry date on these.

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