Contrarian/ Buying the lows
- Thread starter arturo100
- Start date
The volatility of this week really helped my options and not only I recovered all my losses, but now I am up 10% from inception. Gee, I am outperforming destriero!
The problem is that if keep doing -10% -> +10% every other week, my Sharpe ratio won't be that great!
This week things didn't work out and I lost most of the gains of the previous week. Now I am up 3.3% .
-SOLD 1 PII Aug16'19 85 CALL @ 6.3: +70%
Also:
-BOUGHT 2 SHW (+7.2%)Jul26'19 477.5 PUT @ 1.75
-BOUGHT 1 NXST (-3.1%) Aug16'19 100 CALL @ 3.6
-BOUGHT 5 HAL Jul26'19 23.5 PUT @ 0.27
BA contrarian worked quite well. I made also other transactions:
-SOLD 5 HAL Jul26'19 23 PUT @ 0.15: -50%
-SOLD 1 TSLA Jul26'19 230 CALL @ 2.26: +50%
-SOLD 5 HAL Jul26'19 23.5 PUT @ 0.44: +57%
-SOLD 2 CAT Jul26'19 133 CALL @ 1.97: +124%
-SOLD 1 BA Jul26'19 365 PUT @ 15.9: +540%
-BOUGHT 1 TSLA (-14%) Jul26'19 230 CALL @ 1.55
-BOUGHT 1 PYPL (-5.2%) Aug16'19 116 CALL @ 2.2
-BOUGHT 1 BPMC (-3.4%) Aug16'19 105 CALL @ 3.4
Quite a busy day. I closed some almost worthless positions expiring today. I also closed the DVA CALL on downgrade by an analyst. I entered heavily into MHK today drop. Tomorrow, I'll post the usual weekly update.
-BOUGHT 1 MHK (-14%) Aug16'19 135 CALL @ 3.55
-BOUGHT 1 MHK (-18%) Aug16'19 130 CALL @ 3
-SOLD 1 DVA Aug16'19 52.5 CALL @ 6.9: +146%
-SOLD 1 EA Jul26'19 90 PUT @ 0.55: -75%
-SOLD 3 DISH Jul26'19 43 CALL @ 0.08: -90%
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This week contrarian play worked great. Now I am up 26.7%. Destriero, whose last report was +16%, is eating my dust again!
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Congrats on your $5K net liq.
1) I was up 16% for the month. Your "results" reflect over two months in the market.
2) I earned 5x risk.
3) Mine are legit production accounts. Not sim.
4) I've >doubled my net liq from September 2018 to date.
5) You have no blotter/statements proving anything you've posted. It may be sim or simply fantasy.