ICICI Bank (IBN)-- Indian banking firm. Responsive to rising rates and macro pressures within India.Currently shorting this stock due to large block of put trading volume seen within Indian exchanges and more restrictive monetary policy.
Risk against trade: Indian macro picture improving, better consumer confidence and inflation numbers. Election surprises and magical recovery in the rupee.
Trade Setup:
20 IBN Oct 19 '13 $32 Put(IBN) @
$1.50
Trade Exit (Non-Ideal): Stock rides above $33 level back to its August highs.
Trade Exit (Ideal): Stock goes below $32 due to more news coming from India (although Oct 19th is very fast approaching).
Thursday, September 26, 2013
ICICI Bank Prior Trade
Currently focused on options trades for the month expiring in October and January respectively.
ICICI Bank (IBN)-- Indian banking firm. Responsive to rising rates and macro pressures within India.
Trade Reason:
Due to the falling Rupee eventually finding a base after hitting $69 level used ICICI Bank to profit from the upward move in the Indian stock market and Rupee stabilizing.
Trade Setup:
3 IBN Oct 19 '13 $28 Call(IBN) @ $1.5
Trade Exit:
3 IBN Oct 19 '13 $28 Call(IBN) @ $4.51
ICICI Bank (IBN)-- Indian banking firm. Responsive to rising rates and macro pressures within India.
Trade Reason:
Due to the falling Rupee eventually finding a base after hitting $69 level used ICICI Bank to profit from the upward move in the Indian stock market and Rupee stabilizing.
Trade Setup:
3 IBN Oct 19 '13 $28 Call(IBN) @ $1.5
Trade Exit:
3 IBN Oct 19 '13 $28 Call(IBN) @ $4.51
Thursday, May 9, 2013
Trading Strategy: NUGT & Gold Miners
I have been trading the 3x Gold Miners Long ETF: NUGT since the recent sell-off in gold.
Initiated a buy at the bottom. The stock moves fairly quickly on a day to day basis but if you can hang on during the swings it can pay off. Although this not a direct correlation to gold it will give you risk exposure to companies who are relying on the price of gold to stay steady instead of hedging
their expenses.
When gold did fall recently there was talk of miners getting credit downgrades although that may have faded a little bit, it is still a volatile sector to be in.
Initiated a buy at the bottom. The stock moves fairly quickly on a day to day basis but if you can hang on during the swings it can pay off. Although this not a direct correlation to gold it will give you risk exposure to companies who are relying on the price of gold to stay steady instead of hedging
their expenses.
When gold did fall recently there was talk of miners getting credit downgrades although that may have faded a little bit, it is still a volatile sector to be in.
Sunday, March 24, 2013
Techonology and Growth Stocks
First blog post since 2010 I am currently following an aggressive trading strategy focused on finding stocks with good earnings and in the high- tech field. My trades are also focused on companies who are taking advantage of cloud technologies, emerging chip technologies and part-suppliers for electronics.
Current positions:
8x8 Inc.
EGHT: Buy 420 @ 6.95
The company is a cloud-telephony provider and holds patents in the field and is a enterprise provider of virtual call-centers, hosted telephony and collaboration services. On a installed line basis the company does beat out the major telcos and providers like Vonage. Good company to watch as its trading below its P/E ratio.
Current positions:
8x8 Inc.
EGHT: Buy 420 @ 6.95
The company is a cloud-telephony provider and holds patents in the field and is a enterprise provider of virtual call-centers, hosted telephony and collaboration services. On a installed line basis the company does beat out the major telcos and providers like Vonage. Good company to watch as its trading below its P/E ratio.
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