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SFPC Trading Session: CROX, MRVL, DHI, CHWY, QS, BX

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Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session.

Action on Existing Positions

I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares.

CROX Feb Monthly (2/19) 75 Call

Current Stock Price: $79.68

Cost Basis: $71.55

Action:

  • Buy to close the CROX Feb Monthly (2/19) 75 Call for around $5.70
  • Sell shares at market

Profit: $2.43, or $243 per 100 shares

MRVL Uncovered Shares

Current Stock Price: $51.38

Cost Basis: $51.60

Action: Sell to open the MRVL Feb Week Two (2/12) 51.50 Call for around $0.82

New Cost Basis: $50.78

DHI Feb Monthly (2/19) 75 Put

Current Stock Price: $81.81

Cash in Hand: $2.25

Action: Buy to close the DHI Feb Monthly (2/19) 75 Put for around $0.25

Profit: $2, or $200 per contract

New Positions

TRADE ONE: Sell to open the Chewy (CHWY) Feb Week Two (2/12) 105 Put for around $0.79. You can go as low as $0.66, but please don’t start there and always use limit orders. (Current stock price: $110.37)

TRADE TWO: Sell to open the QuantumScape (QS) Feb Week Two (2/12) 40 Put for around $0.32. You can go as low as $0.25, but please don’t start there and always use limit orders. (Current stock price: $43.95)

TRADE THREE: Buy 100 shares of Blackstone Group (BX) at market ($71.22) and sell to open the BX Feb Monthly (2/19) 72 Call for around $0.77. (Cost basis: $70.45)

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