Contrarian/ Buying the lows

[arturo100]

Bought 2 PEP Jul19'19 131 PUT @ 1.1.
I took the idea for this trade from TheBigShort on his thread. However, I took one week later expiration and his strike price is 132.

 

[arturo100]

This didn't work. Sold @0.3: -85%. Actually I reversed my position by buying a Call 103, July 19 @3.9
I also bought 1 TWLO Jul19'19 145 CALL @ 3.7.
These transactions indicate that while I'll continue with my contrarian strategy, I'll also do trend following, if the trend is indipendently confirmed.

- Sold the ROKU call @ 4.2: +8%.
- Bought 1 DVA (-5.8%) Aug16'19 52.5 CALL @ 2.8

 

[arturo100]

Bought 2 ODFL (-2.7%) Jul19'19 145 CALL @ 1.2

 

[arturo100]

This didn't work. Sold @0.3: -85%. Actually I reversed my position by buying a Call 103, July 19 @3.9
I also bought 1 TWLO Jul19'19 145 CALL @ 3.7.
These transactions indicate that while I'll continue with my contrarian strategy, I'll also do trend following, if the trend is indipendently confirmed.

- Sold the TWLO @3.42: -8%.
- Bought 2 PAGS Jul19'19 42.5 PUT @ 0.75

 

[arturo100]

Bought Jul 19 Put 85 SWKS (+7.5%) @ 3.9

Sold this PUT @6: +54%

 

[arturo100]

Bought 2 HAL Jul 19 Put 22.5 @0.75.

Sold the 2 Call HAL @0.1: -80%
- BOUGHT 3 STNE (+8.6%) Jul19'19 34 PUT @ 0.65
- BOUGHT 1 ANTM (+4.1%) Jul19'19 295 PUT @ 1.9
- BOUGHT 1 CI (+10.3%) Jul19'19 180 CALL @ 1.7 (trend follower upon independent confirmation)

 

[arturo100]

Bought 2 ODFL (-2.7%) Jul19'19 145 CALL @ 1.2

-Sold 2 ODFL Jul19'19 145 CALL @ 4.9: +308%. That was a good yield contrarian play!

-Bought 3 PEP Jul19'19 133 PUT @ 0.75
Bought these PUTS because the IV is so damn low, i.e., 10%. The problem is that usually MM have very good reasons to keep it a these levels.

 

[arturo100]

This week ended roughly even, with only a few bucks gained. Now I am -7.8%.
I have still the problem that I have 4 short positions and none long. Somehow I need to cover this situation. Any idea?

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!

 

[arturo100]

BOUGHT 2 AMD (+3.7%) Jul19'19 35 PUT @ 0.95.
Only 4 days left to expiration.

 

[arturo100]

BOUGHT 2 AMD (+3.7%) Jul19'19 35 PUT @ 0.95.
Only 4 days left to expiration.

- Closed the AMD PUT @1.25: +30%
- BOUGHT 1 EA (-2.9%) Jul26'19 90 PUT @ 2.11 (trend follower trade triggered by indipendent confirm)