JP's options journal

[jamespond]

Bought T Oct11'19 38/37.5 Bull Put for a credit of -0.31
= (Sold T Oct11'19 38 Put @0.89 / Bought T Oct11'19 37.5 Put @0.58)

Stock price was ~37.78

JP

 

[jamespond]

Bought (again) SPY Oct7'19 295 PUT. @1.70 (SPY was ~296.10)

I need some short in my port. Don't like this downthrust today. The daily graph still looks vulnerable to more down today.

JP

 

[jamespond]

Bought (again) SPY Oct7'19 295 PUT. @1.70 (SPY was ~296.10)

Sold again @2.45 (SPY was ~294.40) since we're at the level again I posted on Saturday.
P/L on this trade: +42%

All my positions are red today but this one makes more then up for it today.
(Though I shouldn't daytrade)

JP

 

[jamespond]

...
Meanwhile the weekly S&P graph has this ugly rollover down kinda look.

The weekly graph is continuing to the downside. Looks like a bit of a panic on the daily even.

JP

 

[jamespond]

Bought WFC Oct18'19 49.5/48.5 Bull Put for a credit of -0.37
Stock price was ~49.45

sold @-0.695 (stock price was ~47.57)

Long KO Nov15'19 55 Call @1.17 (stock price was ~54.38)

sold @0.66 (stock price was ~52.86)

Bought HD Nov15'18 235 Call @4.60 (stock was ~230.69)

sold @2.40 (stock price was ~2.40)

Taking my losses on those...

JP

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[jamespond]

Looking back in hindsight to yesterday. Those trades triggered stop loss levels, which somehow made me sell at the worst possible time. Only to recover above those levels at the end of the day.

Anyway, it's more a daytrader kind of market now (imo). Daily swings are great.

JP

 

[jamespond]

as a follow up:
stoploss levels for HD / KO / WFC

HD sold @2.40 (stock price was ~2.40)

-48% on that position
Broke through stop level and the daily bar closed back above it. Was sold prematurely.

KO sold @0.66 (stock price was ~52.86)

-45% on that position. Stop was clearly breached.

WFC sold @-0.695 (stock price was ~47.57)

-57% on that position. (not 100% sure this calculation is correct but I take .63 as maximum loss)
Looked like going straight to hell at the time, only to close above the stop level.

A bit of a bummer but no big harm was done.

Meanwhile last week was a great daytrading environment. It has motivated me to pick up again a sideproject. Something I want to automate with futures.

JP

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