Looking to re-enter SHLD
The market opened up this morning. My gut feeling is there’s downside to the market but not a whole lot. I did not want to hold SHLD puts through a market bounce. I sold my SHLD puts when SHLD was $109.80. It immediately dipped afterwards so I was a little regretful but looking at SHLD now (>$112) I don’t feel so bad. I turned to First Solar, Inc (FSLR) for a daytrade. It was down over 8 points so I looked at the Dec 07 Calls $210. There was a $1 spread between the bid/ask. I did not want to miss the bounce so I ended up trading the stock.
Trades:
Sold SHLD Dec 07 $110 puts (KTQXB) - 1 put @ $6.80, 2 puts @ $6.50
Entered at $7.10 on 11/26
-$156.00 loss
stock price when exited: $109.80-$110
stock price when entered: $109.28
Daytrade:
Bought 10 sh FSLR @ $203.44
Bought 2 sh FSLR @ $202.95
Sold 12 sh FSLR at $205.55
$23 profit
I am all cash but out of buying power for the day due to pattern daytrader account rules. Today was about preservation of capital.
Total Account Value: $4998. All cash.




