Thursday, March 8, 2018

Trades of the week! MU, TWTR, GOOGL

The market continues to swing back and forth, there are a few stocks that have been very good to us here at Options Harvest.

TWTR had its earnings early February when it spiked up to around 35.  Since dropping with the market volatility it has recovered into the 35 range.  We bought around 32 and continue to add to this position.  We are around 78% returns now.



MU has earnings coming up in 2 weeks.  And as it battled around the 40 range two weeks ago, it has since broke free of 50 and into 55 target, breaking a new high that hasn't been seen since 2000.  18 years ago, right at the tech bubble, MU hit 60, and then 70, 80, 90 all within the boom of 2000.

We are approaching this bubble, but earnings are coming up, so we shall see if it continues.




Last but not least, I have been day trading GOOGL.  Despite the 10-20 point swings with GOOGL,  I have become comfortable trading  $30-50 options.  This year I have gained and lost over $15k with GOOGL, but learning the ins and outs of this company.  I don't recommend day trading unless you want to spend all day glued to a computer but if you do day trade, I recommend a stock like GOOGL.  It drops really fast, but when it reverses, it is slower than most stocks because of its size.