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This is what is to be expected from the 14Jun/17Jun 283/282 Put. Purple line is today and the green arrow is where current price was when I took the screenshot. Both profit and loss are limited.

My first attempt to trade diagonal spreads. I took these trades last tuesday when SPY was ~278.50 so the 282/281 & 283/282 were both OTM. I didn't posted the entry since it was just a test. But they are live trades so might as well post them for the exercise and thoughts behind it. Real trades...

Very true. An important reason for me to stop daytrading. Such <15 periods can go on for months.

Some thoughts on trading options. This is a relatively new instrument for me. (trading it for less than a year and not very actively) There are several reasons why I prefer options (now) over futures as a leveraged instrument. The idea of this journal was to just go long calls or puts. Only...

Another month has passed. And there's good and bad news. The good news is that my sytem works. The picture above was a prediction for the stock indexes two weeks ago and how it worked out so far. It's a very good example of what I'm trying to accomplish. Purely a TA approach. I don't trade...

Sold this @3.74 (underlying was ~284.07) P/L on this position: +6% Open positions are PM and FB and both rather red. JP

SPY - long Jun21'19 282 PUT @3.52 (ETF was ~285.40) Shorting the index instead of a stock... JP

Yes, please do. I'm using options myself as a directional trade. Just buying calls or puts. But I'm very interested in the mechanics of those multi-legged positions. JP

I really need to pick up my homework again during the weekend because there is a clear correlation between actually doing it and my results. As for the indexes this week. Stochastics on the weekly is making a sharp turn downwards from very high. (started last week already actually). For me this...

Concerning the PM trade: V-shape reversal on the weekly. The top was around 92.70. Meanwhile we had a retrace back to ~82.50, which has been tested 3 times now. Ideal place to risk a long. First target is prev high of 92.7. If it actually completes a cup & handle formation, could go a lot...

Facebook (FB) - long Jun21'19 190 CALL @4.60 (stock price was ~186.76) Not exactly a bargain right now. But... this signalled yesterday. Should have bought it yesterday near close but was unfortunately not able to at that time. Still looks like it has potential. JP

Philip Morris (PM) - long Jun21'19 87.5 CALL @1.15 (stock price was ~85.34) JP

Throwing this out. Not going as expected. Sold DIA @$2.43 (ETF price was ~254.80) P/L on this position -35% JP

DIA - long Jun21'19 262 CALL @3.70 (ETF price was ~258.80) Seems like an interesting place for a push up on the daily chart with the double tails (unclosed bar at the moment). The weekly graph looks a bit ugly and might start a downswing. We'll see how that works out next week. I would have...

To elaborate a bit on the inactivity: I'm a great fan and user of cycles in stock charts. Some years ago I did some testing with Fourier analysis. It's supposed to be a possible way to find (dominant) cycles in stock prices. But I got a bit stuck in my research since I didn't had good tools at...

Monthly P/L: +15.96% (on account) No new trades were initialised in April. So this is all the result of the seeds that were planted in March. I'm just posting this for continuity reasons. But I'll probably stop posting this graph since I don't think it's very usefull. The P/L starts to look...

Sold GS @$3.60 (stock price was ~202.57) P/L on this position +28% I was hoping that this would break out of the sideways zone to the upside. Which initially seemed to be happening (19th of March) until … it didn't anymore. I had a good monthly upswing with still some power in it so I waited...

I've put in a stop order on GS @2.85. It's not my habit with options, in fact it's the first time I do this in this journal. But I have to go for a while and don't want any ugly surprise after all this trade has gone through. GS seems on fire today:) I plan on selling it at close or maybe...

Sold MMM @7.30 (stock price was ~213.79) P/L on this position +82% Broke out of it's triangle. Monthly is still up for me. But since it's running into resistance and also the option is running out of time, better to sell at this time. JP

Monthly P/L: +0.28% (on account) Month started ok and ended horribly. On the 8th of March many stocks started an upswing. Should have played that more. Intentions for next month: Choose more wisely between different candidates that move more or less the same. Perhaps more allocation of...