Month: February 2016

We decided to utilize more of our capital for long run investments, this time in the biotechnology sector with the iShares IBB ETF. We did the following:

• Buy 4 shares of IBB at $258.78.

Our long term thesis is that biotechnology is a sector that will see tremendous advances. Biotech has pulled back and we see this as a buying opportunity.

– Michael and Nolan

Today we placed a trade on XLU, this time with a bearish thesis. We did the following:

• Sold 5 of the March 18th 48 CALL for $0.34
• Bought 5 of the March 18th 49 CALL for $0.12

This led to a net $0.22 credit, for a maximum profit of $110, and a maximum loss of $390. Our thesis is that XLU remains BELOW $48.22 by March 18th.

– Michael and Nolan

Today in finance club, we also purchased 6 SPY shares for 192.87 each. This is for our long term portfolio.

This trade is for Michael, Nolan, and Aabhash.

Today in finance club, we sold a put spread on XLE. The details are as follows.

• Bought 6 of the March 18th 2016 52 puts for $0.73
• Sold 6 of the March 18th 2016 53 puts for $0.95

Thesis: This Energy ETF will be above $52.78 by March 18th for maximum profit.

This trade is for Michael, Aabhash, and Nolan