Sasol SSL Website
Seems like Sasol SSL chart became very compressed, also daily volume has been going on for last 12 days below 5 million shares a day, even on a days when stock lost more than 12% and went below $4.00 a share.
I think, SSL will start to move up pretty soon.
I am long another 10 contracts on June 19th @$7.50 at $10 per contract for total $100.
Hey Folks, No more taxi driving for me, instead I decided to become apprentice Index and stock option trader. You can follow my trades online, your comments will be more than welcome, if you have experience we might learn from each other how to make money in stock market. :) ... Thank you
Showing posts with label options. Show all posts
Showing posts with label options. Show all posts
Sunday, May 24, 2020
Sasol SSL Call Options June
Saint Petersburg, FL
Florida, USA
Sunday, May 17, 2020
Upwork UPWK Company I like, Call Options
Upwork's Website
First time in a while I found company with great growth potential and fair valuation. Probably I wouldn't notice UPWK as a stock worth interest, if not for high volume day and substantial jump in price, because, usually I don't look for companies with valuations over 1 P/S. So I checked fundamentals, and I realized UPWK has market cap of less than 1.5 billion which is very unusual in technology sector, it doesn't make any profit, has revenue growth +20%, that's still nothing special to get excited about, until you read some more to find that Upwork is a leader in the field of remote hiring, it has been around since 1999, much longer than any competitor and has new CEO (Hayden Brown) in place with vision to execute growth at higher rate, possibly at +50% pace.
So, the very next day I bought 2 call contracts with expiration June 19th and strike $12.5 at average price $1.55 per contract. Now, let's hope that Upwork continues on it's uptrend to make me some money :)
Upwork's weekly charts since it's IPO in 2018
Upwork Inc UPWK CEO Hayden Brown on Q4 2019 Results.... video.
Saint Petersburg, FL
Florida, USA
Sunday, May 10, 2020
ADM is ready to bounce up
ADM - Archer Daniels Midland Co. is one of world's major traders in agricultural commodities. It's a stable company with good valuation and solid dividends not like some tech high flyers with outrageous P/S, propelled to the upside mostly by hype, short squeezes and institutional buying.
Also, what I like about AMD it's high liquidity of options.
On 05/07/2020, Thursday, I went long on May 22nd $36.5 strike call options with average price $40 per contract after I realized that this stock short term oversold below $35 and is ready to bounce to the upside and hopefully start it's bull run toward ex-dividend date which is on 5/19/2020 .
My risk is pretty low and limited, even if I will be wrong with my prediction, but if I am right, reward could be substantial in range of 100-300 % or even more, if ADM "decides" to go on "rocket ride" for some reason, like interest from institutional buyers ...?
Screen shot from bigcharts.com
Labels:
adm,
Archer Daniels Midland,
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ex-dividend,
options,
oversold,
stock,
strike
Saint Petersburg, FL
Florida, USA
Saturday, April 25, 2020
Stock Watch List Cabot Imdustries CBT
Cabot Industries (CBT)
Solid chemical company with local manufacturing plants allover the world, it is trading around 0.5 P/S,
It's debt is around 1 billion dollars,
yearly sales are about 3.2 billion,
outstanding shares 56.68 Million
short interest around 1.3 %
CBT options are thinly traded, but could be worth the risk to open long position for earnings and dividends towards end of May ? or buy the stock out right and sell covered calls ?
The other way to make money is to sell out of the money puts for premium.
Question: How badly sales will be affected by Covid 19 in next Q's ?
Saint Petersburg, FL
Florida, USA
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