Rocket Equities & Options Report 05-03-22
Rocket Equities & Options Report - May 3rd, 2022
We got a nice execution off on our ABNB put spread last night, as it has traded lower today on poor earnings from Hilton and Expedia. ABNB has earnings after the bell tonight and we will let this trade play out as I still see $130 possible for ABNB this week depending on their numbers.
ABNB is trading down about $9 today at $143.77. The options market is currently pricing in about an $18.00 move in either direction by the end of the week. We will see how this trades on their numbers tonight and if we get a move in our direction we may sell it sometime tomorrow or let it ride. We also get Fed speak tomorrow which can move everything so stay tuned for updates.
We get a Fed announcement at 2pm ET tomorrow, followed by a press conference at 2:30pm ET. The last time the Fed met,
I've made 2 videos - the first one goes over the general market, and the second one goes over our specific equities.
Stay tuned for updates with the Fed tomorrow and Jobs number Friday morning!
ABNB is trading down about $9 today at $143.77. The options market is currently pricing in about an $18.00 move in either direction by the end of the week. We will see how this trades on their numbers tonight and if we get a move in our direction we may sell it sometime tomorrow or let it ride. We also get Fed speak tomorrow which can move everything so stay tuned for updates.
We get a Fed announcement at 2pm ET tomorrow, followed by a press conference at 2:30pm ET. The last time the Fed met,
I've made 2 videos - the first one goes over the general market, and the second one goes over our specific equities.
Stay tuned for updates with the Fed tomorrow and Jobs number Friday morning!
Equity portfolio
Long ABNB Debit Put Spread $140 - $131 for $1.75 expires May 6th. ABNB has earnings tonight after the bell. ABNB is trading at $144.11.
Long half position in WMT at $140.91. WMT is trading at $152.55. Stop is $125.31.
Long half position in DIS at $118.63. Disney is trading at $113.04. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $29.35. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $244.82. Stop is $189.50.
We bought CGC at $7.43 and got stopped out at $5.47 for a $1.96 or 26.38% loss.
We bought LOGI at $71.09 and got stopped out at $66.19 for a $4.90 or 6.89% loss.
Long half position in WMT at $140.91. WMT is trading at $152.55. Stop is $125.31.
Long half position in DIS at $118.63. Disney is trading at $113.04. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $29.35. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $244.82. Stop is $189.50.
We bought CGC at $7.43 and got stopped out at $5.47 for a $1.96 or 26.38% loss.
We bought LOGI at $71.09 and got stopped out at $66.19 for a $4.90 or 6.89% loss.
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