Weekly Market Recap
Catching you up in less than 5 minutes.
The LongVol Report. Weekly recap for the week ending Friday, March 1.
Headlines of the week
Carvana is still a complete piece of $hit. We’re going to be trading that lot.
Some names in Swing Monitor (AST Alert Portfolio) Fired off.
DeltaOne had a combined +$42,000 in gain (myself excluded!/and those who shared) this week (Swings and intraday strategies)
Notable Trades for The Week
Each week I plan to highlight a few trades from The Full LongVol Report and trades that our DeltaOne group takes.
We focus on long/short strategies across different time frames and different trade structures so this will help to give free readers a look at our approach.
This was as week for intraday strategy - only one Swing trade triggered and was alerted in the AST $100K Portfolio.
HIMS LEAPS from November/December +500%
DeltaOne - Long Intraday Strats + Valero Swings from Swing Monitor
MSFT was on radar all week. It ranged throughout the week which makes sense given the end of month then broke out Friday into a new monthly candle. Targets were +$510 on this. But again, execution matters - if you’re the degenerate using weekly options on everything you missed it. You can see the TLV Report notes on it - the stock is vertical/extended but $470 had to break to even consider it.
Great move for those in it.
VSCO Longs - discussed back in fall; still long equity and LEAPS
They report earnings next week. Spotted in the report last fall and had a great initial move, trimmed some + added some. Longer-term value play, not a trade. Ideas like this are harder to come by especially when you catch them at an inflection which this was. The rest of the time it’s just active trading in the books to generate returns and if there’s a lesson to those reading it’s this; it’s one thing to be “buy and hold investor” and one thing to actively take money out of the markets as a trader but there’s no rule that says you cannot do both.
In fact, you should be if you want risk-adjusted returns and simply put, you’re not going to get that just day trading or putting all your account into 2 or 3 ideas hoping to hit it big which I think is the general perception for many.
Weekly Recap Thoughts:
Last week was solid for a lot of energy and swing-monitor names that triggered. I put out a special members post for the AST $100K Swing Alerts Portfolio. There are a lot of names in this market right now with buybacks that have triggered the Swing Monitor to come alive. For those new, when I look at longer duration (60-120 day) ideas I want names with lower beta/correlation to the market and some type of fundamental tailwind - could be share buybacks or like in the case of Victorias Secret a change in corporate policies that shift their path. But, there has to be some type of catalyst to drive price then there is a technical overlay.
That’s the Professional Top Down Approach in action. Some ideas are short-duration (1-10 days) some longer - it’s case by case.
Company Updates
As I bring back Landshark Capital into full swing I’m adding new mentors to help. One of those is Mathieu Hutin - a former Fixed Income trader at Credit Suisse and Merrill Lynch for over a decade before leaving after Volcker.
The Foundations of Professional Trading will release at the end of next week as well, you can see the syllabus here.
The Professional Options Trader Training will also be released in mid-March and I am anticipating a 4-day trader retreat this Summer either in San Juan or Vancouver, BC.
Issue 10 of the report will be out Sunday.
Best,
Dan
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