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WDIS: Top DogsClosing Positions & Rebalancing a Portfolio | Jun 15, 2018
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    WDIS: Top DogsClosing Positions & Rebalancing a PortfolioJun 15, 2018

    Tom and Howard kick things off by discussing closing trades and when they would look to take something off. When stocks make deals (like with Comcast and AT&T), it's not longer worth it for retail traders to be involved. Therefore, Tom encourages Howard to look at higher probability trades elsewhere. Both CMCSA and T were "wash" trades, meaning they were neither winning nor losing positions.

    From there, they talk about Howard's "homework" and walk through global plays or concepts that may interest him. Ultimately, he doesn't feel attracted to any assets in metals, energy or currencies.

    While assessing the rest of his portfolio, Howard decides to cover (close) his Netflix position for a winner. With the capital that he has freed up, Tom walks him through how to add to his Facebook (FB) position with a Covered Put strategy.

    Judging by his portfolio's Beta Weighted Deltas, Howard buys back some stock in QQQ to neutralize his position and make his portfolio have a directionally bullish bias.

    Next week, Tom hopes Howard will consider adding some commodities, indices or ETFs outside of Nasdaq-related stocks.

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