Monday Prep

Going over the trades still open for this week I conclude the following.

• Taiwan Semiconductor Manufacturer is down by 34%. TSM we keep since it will play a huge roll in the Semiconductor supply, which is in short supply. I do not expect this company with such great fundamentals to break down now. The fundamentals always win over lines in charts, always. Expiration for the call position is 16th of July. Plenty time!
• GM Calendar Spread. The 4 Short Calls are up 1000% and about to expire. Great, I can keep the premium from the Calendar Spread. The 4 LONG CALL contracts for GM we also will keep even though it is sometimes hard to watch. BUT, I totally believe that this market only encounters a temporary dip and then will recover. We hope this position will be in the money by Expiration on June 18th.
• Fortinet Inc, FTNT, Nice little Profit of 3%. I closed it for VIX reasons.
• United Guardian is hoovering since a while. This short position is getting expensive. The spread is 60 Cents and I didnt know, When it starts on Monday it will be in a hole even though it is showing a slight gain of 1%. Will keep it for another day and hope the market will drop further. This Short should also drop if the market drops. See charts:
  
  
  
  
  
• Apple didnt move and triggered the hard SL. Rule! minus 10%
• American Tower Corp made a good run this month. Plus 3.6%
• Macy's made a good run but broke down in the end due to being a Cyclical Retailer going with the S&P. Plus 1.69%
• Despegar Com Corp, DESP, Another short Position with an south American Tourist Booking Service that didnt work out. More Research needed for those. Minus 38%
• Acceleware is the Winner this months with a 28% gain. We will keep it.

There are a few more positions that are not doing well but also did not trigger any major Stop Loss Orders. Most of them will be closed tomorrow since I believe the market might turn into a correction for a week or two. I will be looking into buying some PUTs for the SPY.

3 long contracts of 31st March, $380 PUT SPY.