Alice in Optionsland

Your premise is TSLA trades sideways till earnings so you are going long a straddle????
Sorry for confusion. TSLA trade is pretty much done. It will most likely scratch. I am trying to set up earnings plays for ROKU and CRM with long straddle/strangle expiring in March. I already bought the puts and now waiting to buy the calls on a down day.
 
Started following your journal qlai :)

Few queries:
- Is this live or simulated?
- Whats the account size?
- How much did you make last year?
 
It’s live.
Account size does not matter because this are just R&D trades. I just trade one lot to see what happens. But obviously my account is large enough to take these hits.
How much I made or lost is also irrelevant. I am obviously experimenting here and don’t recommend this as a strategy or even a valid way to trade.
This journal may actually be a good one to see what NOT to do :)
 
BTW, I had orders out today to sell weekly puts on CRM and ROKU. I wanted too much for them (50% of premium I paid for longs), so naturally I didn’t get filled :) Maybe if we have a down day where volatility actually spikes!?
 
It’s live.
Account size does not matter because this are just R&D trades. I just trade one lot to see what happens. But obviously my account is large enough to take these hits.
How much I made or lost is also irrelevant. I am obviously experimenting here and don’t recommend this as a strategy or even a valid way to trade.
This journal may actually be a good one to see what NOT to do :)

Everybody has a different way to learn :)

Suffering through a bad trade for learning, is something that I do too. Don't recommend it obviously.
 
Did you follow this trade from inception??

It started with a bad leg that he turned into a calander and was dead right,then dead wrong and consequently looking break even -ish...

Along the way he made some great calls and stuck to his guns. It was more punting than anything else..I would have traded it much differently,but I also would Never have been up as much as Q...

Good thread



Everybody has a different way to learn :)

Suffering through a bad trade for learning, is something that I do too. Don't recommend it obviously.
 
Sold weeklies against long legs:
upload_2022-1-5_10-15-20.png


upload_2022-1-5_10-15-53.png
 
Account size does not matter because this are just R&D trades. I just trade one lot to see what happens. But obviously my account is large enough to take these hits.
Oh important disclaimer - I assume I may get assign shares, so account size is large enough for that.
 
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