My trades

jeffalvinson said:
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Your up to $28,600 from the original $2k account on Nov 14, 2017 and haven't you been drawing some money out now and then?
"That is truly amazing! I applaud you."
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Thanks, I wasn't even thinking about back in November anymore. I did reset at about $5K (including the PYPL calls I held over from last year). I got lucky, the market was moving very fast higher in January and I just happened to catch the ride. I'd say the law of large numbers also played a roll, because of the 4 trades I started with on Jan. 5th, I had 3 winners locking in long runs in BA and NFLX that pushed me to 10K within a week. I ran with NFLX again with shares going from 255 to 280, and locked in 2K from that along with the AMZN call spread I legged out with a 4K gain. Overall, these few big winners really helped me. This market isn't out of the woods yet, and that 20-day moving average you put up is holding.

I added an ANET Mar 240 put to test out the downside of the market. ANET was also a big loser that I believe will have momentum to the downside. I'll also look at WMT with that huge reversal with a 90 target. No position in WMT yet though.
 
Again, I'm going light this morning to the short side. I added SHOP Mar 135 put looking for shares to fall back to $125. Shares were just well ahead of themselves at $145, and this morning's heavier volume selling suggest a retest of support below.

*Guess I'm a bit more active. Added AMZN Feb wk4 1500 calls just now. Using it as a partial hedge on my puts. If the market blows up, AMZN should be a big winner.

*Just adding one more positions here. Added NFLX Feb wk4 285 call @ 3.45. I guess I basically rolled up my positions from yesterday. Again, just another smaller position with a few calls only. Nothing over $1000 in any of the 4 positions I'm in now.
 
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After a lunch research on DPZ, I took a position using DPZ Mar 230 calls. This is considered a longer hold for me (about 3 weeks time). I'll roll it over if the rally continues. I like the chart. I took some losses on this one back in July 2017 trading ahead of earnings thinking it was going to hit 240 on a strong report. The report was good, but international sales were weak. In October 2017, I watched DPZ fall again after trying to break 220. That time, I took a momentum put position and took some profits as DPZ continued lower in October down to 180. Earnings for DPZ came in yesterday and it was a wild ride on the charts.

DPZ opened at 215 yesterday and fell to 208 in what looked like another fall back to the 180-190 level, but something happened and shares rallied back to close above 220 and this could be the sign of a momentum rally higher for DPZ. Of course, there's also rumors of a potential takeover that should keep it higher.
 
OI, notice from the first topping tail 3 days ago (Feb 16), each subsequent candle has a lower close. Typical retracement are -40% to -60% of the total range of the Feb 16 (peak) to
Feb 9 (trough) decline of -225 points.
That would put the retracement possibilities of 2665 (-40%) to 2620 (-60%),
average 2642.5 (-50%).
Of course markets do not always follow typical technical patterns, particularly if a trend is extremely strong, or changing direction completely.

sc
 
That's a beauty there Jeff. I am looking for the market to pullback into a 2 month grind near the bottom of this recent correction. If your chart holds, then we could see 2600 again soon.

I closed out NFLX calls and AMZN calls this morning. The market popped higher, but is struggling to hold. I'm closing out my hedges, and will keep the short positions I have on SHOP and ANET. I do hold 10% account size of DPZ calls now, but I think that play is on DPZ being bought out at this point. Shares of DPZ should hold higher even if the market sinks over the next few days.
 
It looks like the SP500 ran right up to 2732 and then failed again. Had closed out AMZN and NFLX calls this morning, but the puts weren't taking advantage of this at all. I added an earning trades using TTD Mar 45 puts with earnings due out after hours. FSLR is also due out after hours and I'm looking at the Feb wk4 67 calls for this trade.
 
Added FSLR calls to the account. I'd say about 5% account risk for each, TTD and FSLR. Looking for a rally in FSLR following a good report last time around and Trump's tariffs on everything not made in USA.
 
Took a -1500 loss on TTD calls and FSLR puts. Gave back a chunk of what I made from earlier this week. I'm still holding DPZ calls, ANET puts, and SHOP puts. Also added W puts. Playing W on a momentum swing down. We'll see if this market holds today.

I bought W Mar 75 puts for the W position. Looking for a target between $60-$65, where it should find support. Clear support is at $65, but I think W will overshoot it.
 
More of a slow day today. I've added another W put at this lower price. Just 2 contracts in play, but I'm still targeting below $65 by March 16. Also doubled my DPZ call position. This play seems to be more on the potential takeout from QSR. DPZ has come back down the past 2 days and I took the opportunity to add this morning near the lows. I also added a NFLX Mar wk2 285 call now looking for the Nasdaq to continue pushing higher.
 
OI, you are doing a great job! Could you do a recap of your philosophy of how you choose the roots (underliers), the mix of longs/shorts in your approach,and how you choose expiries and strikes. I really wish you well, and congrats again!
 
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