IronFist's beginner option trading journal

Buy orders at .85 and .80 activated.

Trade cost now 1.31.

Price is too low to sell covered calls yet.

Have any sell orders in or shooting for the moon? :-)

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Still holding. I have a decent size for me position with an average cost of 1.17 which is really 1.02 but I messed up and had a wash sale on a put I didn't close out.

In the mean time I have made a few dollars (not an exaggeration) selling puts and closing them out for a buck or two profit.
 
In the meantime, I have had other options expire worthless. Mostly I see what gets pumped on wsb and then buy puts after the spike, but price generally doesn't come down far enough, like my $10 put on WISH expiring tomorrow.
 
Exit strategy is likely selling some $1.50 calls when price rises enough to make it worthwhile. $2.00 would be better.

I don't want to sell them too far out into the future because I think price will be way above $1.50 in the future. So I desire to wait until I can get a good price at one or two weeks out.
 
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