Probs gonna buy some July calls.
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took 1x 4/22 38c on snap
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Overall great morning! Closed Snap calls for +20% this morning. Just taking advantage of the fact this is probs sentiment off twitter.
I also had FB calls I failed to disclose (picked them up after writing my DD Friday - that’s on me I forgot to update this). I closed those for a massive gain as it look like FB is clearing the 225-230 gap easily this morning. Will wait for a pull back before re entering.
No updates recently as I didnt trade much this week, I followed a few low flat (lookin at you THICCA) and still have a position in that.
In a harsh lesson on pressing the fucking sell button, I didnt realize gains on 50 SST 55c FDs (they were 10 cents a piece, Im not a whale) and missed the pump this morning while driving (woulda been a 130% profit). Sad, but at least we’re green for the week as we wait to see what happens with THIKKA!
Onwards and upwards my friends.
Got stopped out of THCA today for a decent loss. Yay! Betting CPI numbers wont be fantastic primarily due to food increasing in price (hello WEAT). While Oil isnt reflected in CPI report, consumers are getting squeezed in other areas.
Because of this, I took 10 4/13 SPY430s
And, closed the puts! Not sure what’s going to happen overnight so didn’t want to hold green. Ended up having to average down a bit, but saw vix staying high while Spy struggled to break PM highs so maintained the put position through the day.
Semis got fuckin rocked, so I’ve started a small AMD position picking up a 4/22 105c. One for now, will average if it goes lower. If SPY rallies, it will take AMD with it in a big way.
SPY recovering, it was a good put exit.
I like this movement going into close for the rest of the week, I’ve added to my AMD position. Currently have 11 contracts of the 4/22 105c
Offloaded 6 of the 11 amd calls for 1 cent above break even for a 3% gain this morning. Holding the rest to see how the day plays out.
Leaving runners turned out to be a great call as they’re now up 15% on the day. I also just took an AMD 4/22 100c. Amd has room to go and @Jekyll_and_Hyde is crushing the analysis (when he’s not being a bitch).
Currently my only positions.
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this article just reinforces your “guide to tech” but thought i’d post it here so as it won’t get stale: