Henry Gambell Analysis: Position Update TLT, FB, BA, GILD & TSLA - TheStreet

Henry Gambell Analysis: Position Update TLT, FB, BA, GILD & TSLA

Today's Hot Topic updates expiring and existing swing positions, ideas around expiration vs longer term holdings and a few fresh ideas for next week.
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Henry Gambell stepping in for John Carter to finish up the week's analysis with a look at TLT, FB, BA, GILD and TSLA, plus some new setups. Thursday's action in the bond market gave us an opportunity to step out of our November expiry TLT calls. Recently, the 30-year has been trading strong in the morning and fading the rest of the day, so we used the morning strength to exit our position. We are left with December calls, which still look excellent as the TLT is setup for a squeeze. Our put debit spread in FB is materializing well, as the stock looks ready for further downside and our initial target is 71.68. Our BA put credit spreads expired worthless, and this stock is setup for long entries on pullbacks. For an expiry day-trade, GILD is well positioned for a straddle around the 100 strike. TSLA is a similar idea, as it's had trouble getting above 250. For longer-term strategies, we're anticipating a pullback next week, but as we constantly say, its most important to focus on setups that trade well irrespective of the market environment. PFE is a stock that is holding up well in that regard, as well as AA, and SLB to the downside.