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Mr. Bean's Trades


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Mr. Bean's Trades

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  #51 (permalink)
 MrBean 
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Bought DG April17 57.50 Call option @ 0.75

Looked strong on the hourly with oversold conditions, also oversold on the daily and looked like a breakout from a consolidation area. It's blasted through the 200MAs and looks good for another day where it will find resistance at around 57.50 due to some MAs and a fib line there. I'll be taking it off or hedging it by writing an option.

Bought AET May02 74.50 Put option @ 1.95

Looking weak, making lower highs on the daily with negative divergence on the stochastics , looking for price to drop to around $72 where it will find support based on a very significant old top.

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 MrBean 
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Sold @ 434.49 after a failed spike up on heavy volume. It broke through support.

Result +9.50 , but I only has a small position.

I wish I had kept my eye on this one! March 27th looked like a perfect set up with stochastics divergence making a higher low while price made a lower low, and closing above ALL its major MAs. It would have been the trade of the month moving from 428 to 518 in 4 trading days.

WHat can I learn from this? Make it a habit to flick through my stock list and watch for perfect setups like this one.

Anyone catch that move? Congratulations to you!

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 MrBean 
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Bought CSX @ 28.70 , got in this one on a spike down to consolidation area , it already broke through to all-time highs but failed, I expect to see it at 30.00 next week.

Bought SINA @ 59.55 , looking oversold on the hourly and coming off oversold on the daily , a better entry would have been 59.05 where the is a gap to fill.

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 MrBean 
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SOme new positions today:


Bought SLCA @ 37.44 - cup and handle breakout above consolidation area , looking for 42.00 exit based on range repeat, but it's all blue sky up there, all time highs.
.

SOld SLCA @ 39.71 , + 2.27 , +6.1%

My projected resistance at around 39.70 was based on some common trading ranges it has proven to like . I just added the range to the March 24 low and put my exit there.

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  #55 (permalink)
 MrBean 
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SOme new positions today:


Bought KRFT @ 56.37 - breaking out above consolidation but not strongly, took some heat and hedged, this was just going to be a scalp but it failed to move as expected, going to hold it for a swing with protection.

Bought KRFT June 20 57.5 put option @ 2.45
.

Sold KRFT @ 56.84 , + 0.47 , +0.8%

This was a premature exit, it stayed above its open and previous close before taking off, this is another case of not keeping an eye on my recently traded stocks for further opportunites. It looked like a great exit , which it was, but I should have gotten back in. I still have a put option which will likely be a loser.

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  #56 (permalink)
 MrBean 
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Bought CSX @ 28.70 , got in this one on a spike down to consolidation area , it already broke through to all-time highs but failed, I expect to see it at 30.00 next week.

Bought SINA @ 59.55 , looking oversold on the hourly and coming off oversold on the daily , a better entry would have been 59.05 where the is a gap to fill.

Sold SINA @ 57.91 , -1.65 , -2.7% stopped out , market had a big drop today, it was a little risky anyway being below all its MAs and trending down.

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  #57 (permalink)
 MrBean 
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Bought DG April17 57.50 Call option @ 0.75

Looked strong on the hourly with oversold conditions, also oversold on the daily and looked like a breakout from a consolidation area. It's blasted through the 200MAs and looks good for another day where it will find resistance at around 57.50 due to some MAs and a fib line there. I'll be taking it off or hedging it by writing an option.

Bought AET May02 74.50 Put option @ 1.95

Looking weak, making lower highs on the daily with negative divergence on the stochastics , looking for price to drop to around $72 where it will find support based on a very significant old top.

Sold DG call @ 1.13 , +0.38 , + 51%

Sold AET put @ 1.75 , -0.20 , - 10%

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 MrBean 
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Some new positions got triggered after big drops in the broad markets, hopefully we won't see a black Monday.

ALXN [email protected] - filled the price gap left in January. I put in a low-ball bid not really expecting to get filled so quickly.

SBUX [email protected] - looking for a short run back to the 200MA , it is very oversold, again I put in a low-ball bid that got filled.

WDAY [email protected] - same story here, oversold looking for a bounce.

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  #59 (permalink)
 MrBean 
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April 7th

Sold V short @ 202.41 - it was making a move down through the 200 MAs

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  #60 (permalink)
 MrBean 
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Thanks: 26 given, 24 received



MrBean View Post
Some new positions got triggered after big drops in the broad markets, hopefully we won't see a black Monday.

ALXN [email protected] - filled the price gap left in January. I put in a low-ball bid not really expecting to get filled so quickly.

WDAY [email protected] - same story here, oversold looking for a bounce.

Sold [email protected] - +8.15 , +5.8%

Rebounded back up to previous swing low , always a good place to exit.

Sold [email protected] 80.92 , +0.92 , +1.1%

Took some heat on this but it rebounded back to its 200MAs , always a good place to get out.

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