It started out such a good week!
I finally cracked $2,000 on Monday morning so I had screenshot.
Shortly after the market opened, Canopy Growth ran up to $28.58. Around the same time, Yeti also inched its way up to $30.18.
Microsoft and Tailored Brands both largely held around even early in the week. But it was such a nice feeling to barely reach above $2,000 on the ol’ account balance.
As the day progressed, I saw TLRD was trending further lower so I picked up another 20 shares at $4.81 per share. This trend has continued throughout the week. I added an additional 20 shares on Tuesday at $4.56.
Seeing Tailored Brands sitting at $4.34 per share right now is making me strongly consider adding more to my position to further lower my average. Right now, I’m sitting with an average of $4.92 per share.
Tuesday afternoon I decided to also finally sell my one share of Microsoft. I ended up getting $137.03 for it, which was unfortunate timing considering it ran up to $141 and up over $142 in the following days. Not a significant difference in the end. Including the dividend, I made a whopping $1.10 on the trade.
Not sure what I was really expecting on Microsoft. I definitely think it is an amazing company and a solid long term hold. But in this account with an aggressive bend, I don’t think it’s the right fit.
Today’s Positions
- Canopy Growth Corp. (CGC): 40 shares @ $26.42 (-8.51%)
- YETI Holdings, Inc. (YETI): 10 shares @ $28.85 (0.21%)
- Tailored Brands, Inc. (TLRD): 80 shares @ $4.31 (-4.41%)
Up until today, things had been fairly flat for the week. But wow, that was a huge drop off this afternoon. CGC dropped over 8% today and TLRD is down almost 4.5%. This has brought my account value down to $1,867.
I still have $177 sitting in cash. Like I mentioned before, I’m debating on adding more to position in TLRD, but also considering picking up some shares of Sportsman’s Warehouse (SPWH) now that it has dropped down to $4.46.
OptionAlpha Paper Trades
Checking into my vertical spreads in ADPT and TLRD, they are both sitting in the green! Overall profit on ADPT is currently at $14.49 and TLRD is sitting at $19.91 (almost max profit on the trade).
FNMNY 