Optionsinvestor's trading principles/philosophies were embedded in all the posts.
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My trades
- Thread starter optionsinvestor
- Start date
My trading strategy is sort of explained through each trade. I did that for every trade in case I start diverging from my strategy and need to come back here to read it.
I also did add a call position on JWN. The news came out late on Friday just a hour or so before the close, but rumors swirled that the Nordstrom family might have secured enough to take the store private. I'm looking for a $60 buyout price. It could be more and it could be less, but I've used the Mar 55 calls for this position. For today, some of those puts are starting to test my stops (about 50% of original prices).
I also did add a call position on JWN. The news came out late on Friday just a hour or so before the close, but rumors swirled that the Nordstrom family might have secured enough to take the store private. I'm looking for a $60 buyout price. It could be more and it could be less, but I've used the Mar 55 calls for this position. For today, some of those puts are starting to test my stops (about 50% of original prices).
Took the loss on ANET puts. Added AMZN Mar wk1 1540 calls. I'll also hold NFLX through and see how far NFLX could run.
*I said I wanted to let NFLX run, but the options have run from 4.20 to over 10 now. I'm going to close out 1/2 my position now and play with the house money on the other half with a loose stop loss.
*I said I wanted to let NFLX run, but the options have run from 4.20 to over 10 now. I'm going to close out 1/2 my position now and play with the house money on the other half with a loose stop loss.
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We'll know for sure by end of day, but this feels like that second move down. I wanted to see the market test the lows, and hopefully this is it. Unfortunately, I've closed out all my puts this morning, taking losses on W and SHOP puts. I also closed out AMZN calls for a small loss. NFLX is also all out this morning, and I've also locked in most of DPZ calls taking a smaller gain on that trade.
I'm still holding JWN, those are taking a hit here on this market swing. This position is no more than 3% of the account, so I am setting up the trade as a potential total loss. I also added SQ Mar wk1 47 call ahead of its earning report tonight. I love that chart. It is setting up as a nice cup with handle base. This is a short term trade, so my risk was about 3% where my stop loss will be the entire risk.
OI, I wish you all the best!
Well, SQ didn't go as planned. Yesterday before logging off all day, I took off some of DPZ. I closed out SQ this morning at a loss, I was expecting full loss, but decided to close it out. I still have JWN and that's at a loss too (small position). I also added some X today on Trump's tariff news. Used X Mar wk1 46 call avged at 1.20 throughout the day Position isn't too big at about $600 risk only. Very limited risk for me right now with this market all over the place. I want to see if we get a Friday repeat where it opens lower and rallies into the weekend. If that set up occurs, then I'll look to take some positions over the weekend. Again, very short term in this correction.
added JWN mar 52.5 calls this morning to the 55 calls I still hold. Weak earnings, but it looks like traders are looking at the next news, and that's the takeout target of $60 range. Also added NFLX and NVDA Mar wk 2 calls this morning. Looking for a repeat Friday. Last 2 Fridays, I've noticed the market making a low in the morning before rallying into the close and part of Monday morning. Just going to test and see if that's true today too. We're still in a correction, and that just seems to be a pattern within this correction.
I did take a loss on X calls.
I did take a loss on X calls.
I took some losses this week. That hit on X was -667, and the SQ position took a loss of -503 along with a -346 on AMZN weekly calls. The account was down to $25K before this bounce back.
Those positions I took this morning are starting to payoff. I added JWN Mar 52.5 calls to start, and then jumped into the 50 calls later in the morning. I started with the NVDA 230 calls and then also added the 235 calls. As for NFLX, I liked the Mar week 2 295 calls when NFLX was trading around 287-288. I was looking for the same pattern to play out today and into Monday where the market makes a low sometime in the morning before a strong rally into the close along with a follow through on Monday. So far, the flow is going just in that direction. Even though the market is generally lower this week than last week, I do see divergence among leading stocks and those that I consider to be leading like NFLX and AMZN were able to stay within their record levels. I'd say NVDA is a bit below its target, but that rally today is going to give it a set up to breakout soon too if this divergence continues.
The market is playing it very smooth giving shorts and longs an opportunity to make money. I'm biased towards the long side, so I'm sticking to the leading stocks, but there are some leaders that are turning down like CAT, BA, and DE. That -40 point drop on BA when it was under $340 was wild considering BA used to be a low volatility stock before it's breakout last year.
I am closing out the week good though, and just above 30K at 30,058. I mentioned $35K as my target, but I know that last $5K before this quarter ends is going to be the hardest one to earn.
Those positions I took this morning are starting to payoff. I added JWN Mar 52.5 calls to start, and then jumped into the 50 calls later in the morning. I started with the NVDA 230 calls and then also added the 235 calls. As for NFLX, I liked the Mar week 2 295 calls when NFLX was trading around 287-288. I was looking for the same pattern to play out today and into Monday where the market makes a low sometime in the morning before a strong rally into the close along with a follow through on Monday. So far, the flow is going just in that direction. Even though the market is generally lower this week than last week, I do see divergence among leading stocks and those that I consider to be leading like NFLX and AMZN were able to stay within their record levels. I'd say NVDA is a bit below its target, but that rally today is going to give it a set up to breakout soon too if this divergence continues.
The market is playing it very smooth giving shorts and longs an opportunity to make money. I'm biased towards the long side, so I'm sticking to the leading stocks, but there are some leaders that are turning down like CAT, BA, and DE. That -40 point drop on BA when it was under $340 was wild considering BA used to be a low volatility stock before it's breakout last year.
I am closing out the week good though, and just above 30K at 30,058. I mentioned $35K as my target, but I know that last $5K before this quarter ends is going to be the hardest one to earn.