Jjcox82 accountability to 1 million

[jjcox82]

Decided to do one of these as I was inspired by a lot of you and reading them and the challenge updates. Gonna use my options account for this. First I want to say this account was roughly -30k last year and ESSC January. Not because I made bad plays or FOMO but mostly because I didn’t take the profits when I should have. When I looked back at the year I had unrealized gains I could have ended the year close to 6 figures in gains.

I stared the day with 3600 approximately with nothing open except some garbage I just wanted out of my port about 150 dollars worth with the exception of 1 AMD March 18 125c that I picked up end of last week. More to follow as this was one of my proudest moments today.

AMD

so as I had mentioned AMD was one of my best moves of the day was able to average down with 4 more the one single call I had to the point when it ran up I sold damn near even. With shaky market I don’t have hopes of a nearly 20 percent increase by the 18th. I also at same time picked up 2 105c March 18th I sold one for 100 percent to cover my cost basis. And the sold the other for nearly 100 percent as well. This is something I wouldn’t have done in the past that I have learned from here.

SCO

I misread the challenge alert and picked up 5 March 18th 5c as I was a little busy at work at moment and had just popped in. But worked out

Sold those for 25 percent gains.

BBBY

got in this based on the challenge thread again. However I wasn’t comfortable with the March 11s so I went with March 18th 26c

Took some early gains on a bounce and then cut the others before the end of day drop. Overall worked out okayish.

Now on to the bad.

DOCU
one other thing I’ve learned on here is the most unknown of playing the IV gains leading up to earnings and have done okay with in recent terms. This one not so much. I did the one thing I didn’t want and that was to have significant drop or I got wrong entry

I am still in possession of these with hopes of picking up tomorrow to sell before earnings

And last but not least my collassal screw up of the day.

ZIM

I like this ticker a lot as I am well aware of shipping costs and transportation issues in general and do think it’s genuinely undervalued

Also still holding this one on accident it was about 20 percent green today and should have cut it but mistakenly thought earnings were AH tomorrow not premarket. But it’s not terribly far OTM currently.

Sorry that was long winded to anyone who reads but was first entry will keep it simple next one.

Overall ended the day up 17% I credit fully to this place and the things I’ve picked up on. Thanks to all. And any constructive criticism is appreciated and wanted.

[jjcox82]

As promised not as long today. Was just one of those days. I managed to basically hover with roughly 8 percent gain which I’d take every day really.

ZIM 75c I accidentally held through earnings sold near open for about break even after IV

Picked up 3 ZIM 80c for March 25th because of dividend play 2.00 down about 20 percent but have some time.

AMD

Grabbed 5 what I meant to be March 18th 110c but apprently was March 11th. Fill 1.49 stopped out at 2 not terrible had I not have been slightly busy this could have been played better

DOCU

My bad play from yesterday turned into the best play today. Playing earnings IV
120c 5 of them fill 2.06 sold 2.60. Was deep red yesterday on these.

Still holding 1 110c
4.20 fill sitting at 4.47 at close will hold through day tomorrow and hope IV pumps then sell toward end of day.

BBBY

Did okay on this yesterday today not so much.

5 29c March 18 1.20 averaged down with 2 more at .93 cut them all at .85 bad play thought may see some FOMO on green market day.

WEAT

4 11c I grabbed at .80 stil holding

EOD balance 4566 +22 percent since journal start.

Sitting with 3300 in settled cash tomorrow will mostly be eyeing puts up to FOMC and if get the already priced in .25 rate hike confirmation will look to calls for second part of the day. Hope everyone makes some money!

[jjcox82]

Had to do a lot of work today. Was rough day.

ZIM

Took the morning dip opportunity to average down some picked up 3 more 80c at 1.20 and then again 2 more at .99 now have cost down to 1.44 now holding 8 will most likely start to trim these next week leading up to dividend.

Spy

2 420p sold these relatively quickly for a sold for a loss of 117 bucks as didn’t like the way it was moving.

DOCU

Sold the 110c for loss off 208

WEAT

Got out completely loss of 170 bucks

MOS

Followed challenge callout and netted a quick 90 bucks

RIVN

2 40p sold one at EOD for about 8 percent gain. 31 dollars held other through tomorrow

ORCL

2 80c March 11th 1.38 fill sold 1 at 1.80 held one on accident thought had sell order set for both oops

1 76c March 18th still have

EOD Balance 4787 up 180 bucks

Hopefully we all have better day tomorrow!

[jjcox82]

I have failed big fly at updating this for few days. Got busy with work project through the weekend. So gonna be rough summary really hard to back track gains and loses per day on E*trade so my apologies to any who reads.

Friday

Ended up -65 dollars

Monday

Ended up +63 dollars

Tuesday

Got back on the old horse per say and. Increased a whopping 175 bucks

Most of this was thankful to ZIM calls that offset my terrible (I thought at least ) decision to pick up 110c AMD last week unbenounced to me the market was gonna go goofy this week.

Now today.

Started with

1 ACN 340c. Playing IV gains up 70 percent as of now

2 FDX 250c pick up one yesterday averaging down. Up 50 percent on these will get punted tomorrow.

4 AMC March 25 13p. Picked up few more today to get cost down. Gonna hold for a bit. -42 %

1 RIVN 36p March 25. This thing got retard strength and thought I got this at the top not so much. -34%

Dipshit trade of the day

5 WSK 195c cheap and thought I’d try to get some IV gains and was down so just held them. Probably gonna come out of this red.

Best trade of day

ZIM March 25 85c grabbed 10 at 2.50 and 2 at 2.40 yesterday. Sold them all near close today at 4.30. Gonna look for a re-entry tomorrow and keep riding the hot hand up to divi.

Todays gains

+2248

EOD balance 7108

Double up since starting this journal.

[jjcox82]

I have Slacked in updating. Mostly because I got busy with life.

Thursday and Friday last week essentially got wrecked by ZIM and AMC

Grabbed ZIM 91c when it was ATM and knifed later in day spent rest of day and Friday trying to average down ended up out Monday with big old -75 %. Went back to well one to many times. Got way to deep in this and knew better

kept averaging down on AMC puts and got destroyed here as well. Was the right play. It sometimes things don’t always go as they should.

Ended up -65 percent at end of last week.

Took few days off to reflect today was day back and much better

Decided to try GME 200c with anticipation of FOMO and Premium gains alone. Grabbed 3 200c April 1 at 2.20 sold them at 3.60
4 and 5 respectively.

Also picked up 2 CVNA 110p April 8. Currently up 10%. Still riding these.

AMC

1 20c April 1 1.51
1 22c April 1 2.05

Still holding

Uvxy

1 15c .92

2916 EOD

[jjcox82]

Alas I need to update Also have been easing into brokerage switch from E*trade to TD with active trading account. I’m not messing with my long boomer account as I refuse to look at it currently for lay several months. So have been trying to get used to TD slowly. So far seem to get much better fills. Really just started trading more with it. Really does help me to do this and write out my thoughts. So gonna do better to daily updates this.

Open today with

10 CVT July 2.5p @ .12c holding

2 DTC June 17 7.50 @.12c gonna let these die probably.

1 Veru June 17 15c @ .96. Added 3 more for average of 1.12

Bought today

4 VERU June 17 15c @1.12 sold 4 @1.83

1 TGT June 10 155c @ 2.21 sold 1 @ 3.35

1 SPY June 8 410c @ 2.28 sold 1 @ 5.00

3 GTLB June 17 50c @ 1.66 sold 2 @ 3.50 letting one ride to see if keeps running

Took 1 SPY 415p before close @ 1.59 for open profit taking. Will cut these early and let market decide which way it’s going

Also holding 1 NIO June 10 20.5c will cut this for IV gains. Good day today green on everything hasn’t happened much lately.

+$1380 on day.

[jjcox82]

Went out of state end of last week for kids baseball tournament in Wisconsin. Little did I know I’d have about zero cell service. Had several spy 411c June 10 taken Thursday mid morning when was near the money. And 3 Amazon 125c June 17th that pretty much collapsed on my drive when market fell off a cliff and i couldn’t even get my TOS app to load. Did make up for most of the loss on Spy Friday with puts so came out virtually even.

Bagholding

3 AMZN June 17 125c to the grave. Unless JPow whispers some really sweet nothings to the market this week.

Sold today from Friday

5 RDBX June 17 12c 1.03 sold at 3.44. Dumped these at open in the knife to take profit could have been substantially more profitable. But oh well.

1 SPY June 13 380p .81 sold 2.53

Today buys

5 ORCL June 17 63p 1.85 sold 2@1.87 1@2.50 1@2.75 held one because I’m degen and was even on trade if it goes worthless

5 RDBX June 17 20c for fun to see how far these morons pump this thing. Fully expect these to go to shit. But will take puts on dump to even this out and green on RDBX already so this is house money.

3 SPY June 13 379p 2.43 sold @2.96
1 SPY June 13 378p 1.05 sold @ 2.00.

Most of these SPY outs were worth substantially more later but was happy to take the profits.

+1260 on the day.

[jjcox82]

Damn it I swear I did this last week anyways was about 2200 down last week. Today was a +2611

Sold near open from Friday

AMZN 2 June 24 105c 3.10 sold 5.75

AMD 6 June 24 85c 1.63 sold 1.69

SPY 2 June 22nd 375c 2.30 sold 2.48
SPY 1 June 24 370c 4.16 sold 7.50
SPY 2 June 24th 378c 3.17 sold 3.33

Bought and sold today

TSLA June 24th 750 5.80 sold 11.60

Was in this trade for 32 minutes saw some consolidation at the 705 mark and rest of market still moving up.

COST June 24th 460c 5.18 sold 9

Still holding

RDBX 5 July 1 8p this needs to die 1.80 cost currently .60.

AN 1 August 120c 3.60 cost current 5.60

ACN 1 June 24th 290c 3.10 cost 3.75 current

CVNA 1 June 24th 25p 1.10 cost current 1.48

CVNA 8 June 24th 23p .92 cost current .63 averaged down several times on this today my goal is to get green with any red days this tanks. And will.

BKSY 10 July 15 3c .20 cost current .18. This is strictly cuz I am degenerate. And was cheap after this morning drop.

LZB 1 July 15th 25c cost .75 should be ITM tomorrow had a good day so took this near close for ER again because I am degen and have to feed it. Only took this because of big Green Day and was simply a guess

SPY 1 June 22 375p cost 2.10 current 2.47. Took this near close SPY looked weak and in same spot for awhile. JPOW at open and big run today will probably cut on any downswing in morning.

Sorry I have failed to update this more regularly if anyone even reads. I don’t have time to do it after market close when I’m at work then get home and distracted.

Looking to enter JULY KMX puts tomorrow for their ER sitting a lot in cash currently and will watch for trends possibly TSLA puts after big time run today. And of course SPY puts if trending that way.

[jjcox82]

-724 on the day. Pretty much everything still open. Holding all overnight as I expected down and we went up. It happens I still have outs on every trade just didn’t get direction right. Live and learn.