Downloading...
Download

SUPN

SUPN - Short Put Spread Rolled to Dec 21This is a trade continuation from 8/2. 8/2 Initial trade: Sold 8/17 $55 Call @ 1.94 Sold 8/17 $50/45 Put Spread @ .56 Total Credit 2.50 (Net 243.50 per contract) 8/9 Rolled Put spread to September: Rolled 8/17 $50/45 Put spread to 9/21 $50/45 Put Spread for no cost 8/17 $55 Call expired OTM 9/18 Rolled Put Spread to October: Rolled 9/21 $50/45 Put spread to 10/19 $50/41 for .65 Credit Total credit 3.15 (Net $301.52), Max loss increased from $256.50 to $598.48 10/12 Rolled October $50/41 Put Spread to November $50/41 Put Spread for .65 credit (net $58.02) Total net credit = $359.54; Adjusted max loss = 540.46 10/31 Rolled October $50/41 put spread to December $50/41 Put spread for .60 credit (net 53.02) Total net credit = $412.56; adjusted max loss = 487.44
NASDAQ:SUPN
by JLJ002500
SUPN - Collar for protectionBought SUPN at $5.65 as an investment, not a trade. In the past I have used collars to provide downside protection. Last collar expired last December. Collars should only be used in limited situation and timing them correctly is very important. It's only truly in hindsight that you can determine if the collar was a good decision. Last two collars worked out well. They cost me nothing and I didn't need to use them. I felt the urge to put a new collar in place. Look at the wedge patterns on the chart (2 past and possible current formation). Could be a potential move down. My limited order was executed. Sold a Sept $37 Call and bought the December $26 Put for .25 net credit. That's a pretty good credit especially considering SUPN would need more than 11% growth from current price for the Call to be in the money and expires 3 months before the Put protection. If SUPN grows 20% in the next few months, I won't be looking at this decision so favorably. Previous Collar - Expired in December 2016 Growth since last purchase
NASDAQ:SUPN
by JLJ002500
SUPN - Expect further downward pressure before continuing higherSUPN LH/LL since peaking at 23.30. From the chart, I don't see any evidence indicating this pattern has changed. There is convergence on the RSI. For now, I expect this pattern to continue. I have been long since 3/21/2013. My average share price is $5.65. Hindsight...it would have been wise to have sold 1/2 of my position when price was over $20 at 300% gain. I have a collar in place (insurance), but it is set to expire 1/15/16. I like this stock long-term and do not plan on selling at this price. I am evaluating rolling my collar out further. I am also evaluating at what price i would consider adding to my position. Unfortunately, this stock is NOT a good candidate to sell covered calls and I don't expect that to change anytime soon.
NASDAQ:SUPNLong
by JLJ002500