Good morning,
As I mentioned last week, oil would be tricky. I ended up cutting all short exposure. This morning I have entered a short in CL @ 116.00 with very tight stops. Crude vol is entering its normal range of 30-40 however it remains at the upper end of the range. This week I expect a move down to 110 with the potential to explore lower.
ES I was wrong. We did explore the 38xx handle however we did not venture below 3800. The 4000 was met with an aggressive rally which took us above 4100 in a few days. I trimmed lots of shorts and cut TSLA completely. In fact I flipped long TSLA @ 650 which I cut for ~10% gain. Friday despite being net long I was offside as I added short to ADSK and ULTA after their earnings. WDAY a short position I gave on here I cut for a nice gain and also I cut DDOG @ 86.
Recapping some of the long positions I have given;
IEP now trades @ 51.93 (I indicated to buy it post ex-div) it was +2.71% last week. (15.41% div yield)
VZ has been very strong for a defensive stock, even with the rally last week it closed the week +3.78. (4.98% div yield)
DKNG which was given @ 13.7 which was a super long term position now trades @ 14.72 (+7.45%). It closed the week +4.92%.
Buzzi Unicem (BZU.MI) (ISIN IT0001347308) the main position I gave in “The Week, Month and Year Ahead” which was an ok write-up (if I say so myself), traded @ 17.72 EUR. It now trades @ 18.22 EUR and has paid a 0.40 EUR dividend since it was given.