Stock Trades for the Week Ending April 15, 2022

by | Apr 16, 2022 | Naked Puts, Stocks Purchased

April 11

The Greenbrier Companies (GBX) – Shares Purchased (1/2 Position)

I bought shares of GBX and set up an 8% trailing stop.Greenbrier Companies Price Chart

 

Nvidia (NVDA) – Put Purchased to Close Trade

I’m guilty of letting this losing trade run too far before I closed it. I sold the put for $5.95 on April 01 and bought it back today for $21.98.

 

April 14

Pan American Silver (PAAS) – Tightened Trailing Stop

The share price of PAAS is up by more than 10% since my purchase just 8 days ago so I tightened my trailing stop from 8% to 6%. Remember that we never want a trade that has achieved a minimum acceptable profit to turn into a losing trade so it is important to take the necessary actions to close out a trade profitably should the price start to decline. For buy-and-hold positions, this isn’t a consideration but I buy stocks with the intention to sell them usually within 30 to 60 days.

Pan American Silver Price Chart

 

Asset Class Allocations

My asset class allocation models continue to collectively have a high allocation to cash.

Asset Allocation Table

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