Bought an AFRM put on the (predictable) morning pump. It wasn’t much of a pump and I waited til after it looked like it was faltering out.
Sold that put later for +10%. Was planning on scaling into this position but I don’t really like averaging up so I watched it for a while hoping for better entry that didn’t come today. Once I hit 10% I was comfortable selling.
No telling what tomorrow’s gonna look like so I’m cash gang heading into CPI.
Ended up buying a single AMC 8/19 20p near close. I MIGHT average down once depending on how things look – if not I’ll cut it if AMC goes nuts. I got burned last year spending way too much cash to average down an AMC put position while it rocketed to $72.
Ended up selling that AMC put the next day for a little profit.
Following that, bought another AMC put later last Thursday. Averaged down Friday with 2 more and held those over the weekend. Sold all three for a loss on Monday once I could see the stock wasn’t doing what I needed and in the meantime theta and IV bleed was killing them.
Scalped a WMT put with meltedcrayon on Monday, sold at +10%.
Scalped AMTD shares with JB Tuesday morning for +10%.
Scalped another WMT call Tuesday for +10% after earnings.
Scalped IWM, AAPL, and SPY puts Tuesday afternoon, all sold for 5-15% profit.
Bought an LMT call and held an IWM put into this morning. Sold both of those after open for a net gain. Could’ve held both and both would have been much greener, but I was happy securing the cash.
Played SPY calls into FOMC. Was able to scalp one before 2:00 for +5% and bought 2 at 1:58 and sold them two mins later for +10%. I was busy today but was happy I could carve out a little time for that.
Account sitting at a recent-memory high right now and I’m very pleased with how the past 1.5 months have been going 
Scalped COST calls twice for +25% and +40%. Small positions but market has been flat since then and I’ve got shit to do some I’m done for today.
Been at work all day.
Took 1 RAM 9/16 10c @ .45.
Wife came home early yesterday with Covid. Only think I did was add a RAM 10c @ .3, giving me two at a basis of .4.
Took care of her all day today and sold those 2 calls @ .7. Entirely cash right now. Gonna try to squeeze in an earning play at open.
She’s got 10 days off work and right now it looks like she’s gonna need all of them. But she’s stubborn so she won’t be dying anytime soon.
Didn’t trade Wednesday.
Managed to get a good fill on DG 250c Thursday morning and sold them for over 110% seconds later. Wish I’d bought more but profit is profit.
Bought a 9/16 ARKK put at EOD to kinda play AFRM earnings.
Friday premarket was hella green and I was at work so I set a limit sell for a slight loss befire open because I couldnt watch it. Naturally the market reversed course and my order filled before that out proceeded to go 70% green. Situations like that are why position sizing matters. What was a $15 loss would have been hundreds if I was still jumping into shit like I used to.
Wife is still pretty sick but slowly getting better thankfully. I start school Monday so here’s to a year of being booked solid between school and work.
Been pretty busy last couple weeks. Between taking care of my wife, then getting Covid myself, then return to class I haven’t had much market time. Past few days been trying to squeeze out a few mins here and there to make a trade or two.
Made like 3 SPY trades over the last week for +5% each. Only 1 contract though.
Bought 1 FEZ 10/21 32P yesterday for .8 and a DAL 9/16 32P for .77. Sold both fhis morning for 1.00 and 1.03 respectively - 25-26% gain on each. Been busy in class so I haven’t really looked at the market other than noticing Jpow didn’t kill it and we’re going up.
Hope everybody’s been green lately, looks like y’all have been.
Now seems like a good time to dust this off. School is keeping me much busier during the day than I expected so “active trading” and scalping is damn near out the window. This week I started reading more TF & stuff on the forums and planning longer trades. Checking in on TF & the market to try to time entries basically and get into positions I don’t need to watch like a hawk.
Yesterday I entered SPY 11/18 360p @ $7.75, HYG 11/18 72p @ 1.48, and QQQ 10/14 176p @ 3.90.
Saw the QQQ was up 25% at open and sold it without looking back. The others were just green and longer out so I let them ride through the 10am data drop.
After 10 the market knifed down so I sold both. The HYG were only up $10 each but I had 3 of them and they weren’t really reacting the way I’d like so green is green. The SPY put was up $100, or about 13%. All that combined I was happy with the day’s profits.
SPY ended up rallying so later in the day I grabbed another 11/18 360p. If we continue to rally a bit I’ll scale into this but will be happy to sell green if we don’t.
Sold that SPY 11/18 360P this morning for around 11%. Secured 2.29% port gains which is fine with me.
Spent all day and am still waiting for 378 to get back in.
Nvm lost $7 on an SLB call (that immediately reversed when I cut it) and made it back on a SPY call taken @ 374.50. Sold it on that 375 touch and damn glad I did after checking back in.
Done for the day unless we see 372 (calls a few weeks out) or 378 (november monthly puts).
In following with my “take researched, longer trades” philosophy instead of scalping, I haven’t done shit today. Was all cash this morning, we’re definitely not hitting my puts target price, and I’m not holding calls over the weekend given how this rally has been hamstrung.
Might not end up doing anything until Wednesday.
Somebody ping me if we rocket to 380 so I can grab some puts.
I didn’t trade Monday.
Yesterday I made a few bucks by scalping small positions in AAL calls and RBLX puts off JB’s callouts. I paper-handed for small gains, but I’m happy with my entries as well as where I averaged down on the RBLX (and then I saw JB did the same right around where I did).
Gonna be busy all morning but planning on being free by 1:30 to get ready for the minutes drop.
Ended up swinging a 12/16 340p into today and was looking to average down when I saw PM. However, I got busy at work and around 11 I saw I was green and I sold. Could’ve made more by holding through the day, but when I can’t watch it I don’t mind taking the money on the table – especially on a Friday.
Can always reposition.
Taking small profits when I see them have kept me consistently green lately and eliminated all the stress I used to have holding overnight. And when THAT play shows up I always have cash available.
So last week I made a few bucks scalping 12/16 340p, and ultimately ended the week holding one I had purchased around $372.50 @ a cost basis of 5.60.
Obviously we’ve rallied since then without the pullbacks I had been playing.
Added one more yesterday @ 3.8 giving me a basis of 4.70.
We have continued to rally.
Looking at optionsprofitcalculator, I need a healthy drop by the end of next week to breakeven. Earnings have not been as bad as expected & we got bullish housing data this morning. Ultimately, I’m not convinced we get the drop I need in the timeframe I need.
And while I was typing this we keep breaking through resistances haha.
Will likely make the decision to hold or cut by EOD. No other open positions.
Cut those puts. A loss for sure but not devastating. Easy enough to make back by being smarter about the current trend and following the market.
Lost some cash yesterday on WOLF calls. Lost cash today on a put taken this afternoon that was misguided.
All in all I’m back to where I started essentially, giving up the gains I made recently.
On to research this weekend and the opportunities of next week.