Challenge Intraday Updates

Archives Challenge Run One
61

Challenge account nearing 75% account wide gains since the beginning of the challenge a little under a week and a half ago.

8 Likes
62

Took one more LMT 25 FEB 390C cost basis 3.50

3 Likes
63

Took 1x SPY 16 FEB 443 CALL for FOMC

1 Like
64

Out of BKKT at 1.35 46% gain

5 Likes
65

LMT is still very much a war bet. Its tracking up as it looks more and more like Russia will be attacking, but the stock is overall still trading sideways.

3 Likes
66

Took one more LMT call, 2.85 fill, cost average is 3.30

2 Likes
67

Thinking out loud, the SPY call we took earlier is a perfect example of why FDs are not meant to be held long term, especially on SPY. Our buy-in was flawless absolute bottom of almost the lowest red candle of the day… HOWEVER we’re just barely clinging onto profitability despite SPY trading almost a full $1 above where we acquired it. This is purely theta working its magic on our option.

Keep this in mind the next time you take a SPY FD.

21 Likes
68

Stream VM is locked up. Trying to get it back up.

3 Likes
69

Took 1x BKKT 18 FEB 8 PUT, cost average .71

5 Likes
70

Sold one LMT call @ 4.10, holding 2.

4 Likes
71

Trimmed one more at 4.00

5 Likes
72

Cut my last LMT call there for 4.50. Phone internet is laggy af and I don’t want to catch a SPY pullback.

6 Likes
73

Bought one more BKKT put, new cost average is .68.

3 Likes
74

Keep in mind, everything is basically 1:1 SPY right now.

2 Likes
75

Took a XOM 25 FEB 79 CALL here, cost $1.20

5 Likes
76

This was a bad entry, I’m going to hold the position and risk it getting worse so I can get a way better cost average if the downward momentum continues.

6 Likes
77

Took one more XOM, 1.00 cost, new basis is 1.13. Fully in.

4 Likes
78

I’m currently holding 2x XOM calls and 2x BKKT puts. I haven’t made a re-entry into LMT because this price point is incredibly dicey for that play. Better to take something that’s potentially a deal which can benefit from a similar boost than to play the main thing which could be potentially too elevated to be profitable.

12 Likes
79

Sold one BKKT put letting one ride.

5 Likes
80

Stream is up Valhalla - YouTube

4 Likes