Options scalping

NFLX 555 calls
Entries: 6.20
Exits: 5.95
Time to scale: n/a
TiT: 2 mins
-4%

AAPL 127 calls
Entries: 1.70
Exits: 1.85
Time to scale: n/a
TiT: 59 mins
8%

SQ 190 calls
Entries: 3.68
Exits: 4.12
Time to scale: n/a
TiT: 7 mins
12%

TSLA 460 calls
Entries: 5.10
Exits: 5.40
Time to scale: n/a
TiT: 23 mins
6%

CLDR 13 calls
Entries: 0.28
Exits: n/a; swinging/lotto
Time to scale: n/a
TiT: n/a
[swing/lotto, about -65% as I write this]

Stray thoughts:
  • CLDR was a news headline scalp that didn't work out. I always size these relatively small (about 1/4 typical size). I'm stubbornly holding onto this in case more news comes out later this week.

  • NFLX faked me out so I took the small loss. I resisted the revenge trade, even though I noticed a decent bounce spot around 542 that would have worked out (in hindsight). For psychological reasons, I try not to trade the same name more than once per day, even though I might continue to monitor/analyze it.

  • AAPL moved up slowly, and my thesis was correct, but its premiums dried up, so I just got out of it.

  • I had my eye on ZM off the open, but whiffed on it by hesitating and focusing on the wrong names instead. Oh well.

  • Not the most constructive day for my P&L, but I view today as more of a warm-up day because I took yesterday off.
 
NIO 24.5 calls
Entries: 0.81
Exits: 0.88, 1.00, 1.06, 1.12
Time to scale: 2 mins
TiT: 5 mins
21%

Stray thoughts:
  • CLDR lotto swing basically dead to me. RIP.
 
SPCE 21.5 calls
Entries: 0.30
Exits: 0.35, 0.39, 0.44
Time to scale: 1 hr, 5 mins
TiT: 1 hr, 41 mins
31%

NET 60 calls
Entries: 0.62, 0.60
Exits: 0.55
Time to scale: n/a
TiT: 8 mins
-11%

AMZN 3460 calls
Entries: 6.95
Exits: 6.05
Time to scale: n/a
TiT: 5 mins
-13%

Stray thoughts:
  • Those breakout plays on NET and AMZN were way too aggressive. I need to be more patient off the open.
 
FB 270 calls
Entries: 1.50, 1.38
Exits: 1.73, 1.84, 1.96, 2.04
Time to scale: 21 mins
TiT: 25 mins
30%

BA 175 calls
Entries: 0.45
Exits: 0.21
Time to scale: n/a
TiT: 15 mins
-53%

Stray thoughts:
  • Way too slow to cut the BA fake-out. It baited me hard and I cut it too late.

  • Completely whiffed on a KODK scalp. I literally stood still and watched the 9.5 calls go from 0.25 x 0.30 to 0.40 x 0.45 in 10-15 seconds.

  • Edit: I also whiffed on TWTR puts that I was watching. I had an entry order pulled up at around 0.20, but doubted myself because of that market rally past the big century numbers. That really shouldn't have been relevant, because TWTR had zero relative strength. Anyway, they ended up hitting my target of 0.27 without me (I see now they're 0.31 x 0.33).

  • I have to head out early for non-trading stuff, so unfortunately I won't be able to try any fun Friday afternoon plays.
 
NKLA 20 puts
Entries: 1.12
Exits: 1.25
Time to scale: 14 mins
TiT: 14 mins
12%

AMD 84 calls
Entries: 1.88
Exits: 1.73
Time to scale: n/a
TiT: 3 mins
-8%

SPCE 23 calls
Entries: 0.88
Exits: 1.00, 1.05
Time to scale: 2 mins
TiT: 5 mins
16%

Stray thoughts:
  • Very happy that I had my discipline to cut this AMD. "Either you're right, or right out." Good to keep practicing that muscle memory or reflex or whatever you want to call it.
 
FB 265 calls
Entries: 3.85
Exits: 4.45
Time to scale: 15 mins
TiT: 15 mins
16%

IBM 120 calls
Entries: 1.10
Exits: 0.90
Time to scale: n/a
TiT: 4 mins
-16%

MSFT 217.5 calls
Entries: 1.95
Exits: 2.25
Time to scale: 6 mins
TiT: 6 mins
15%
 
TLRY 7 calls
Entries: 0.17, 0.17
Exits: 0.20, 0.24, 0.28, 0.27
Time to scale: 28 mins
TiT: 44 mins
41%

NIO 30 calls
Entries: 0.31, 0.27
Exits: 0.25
Time to scale: n/a
TiT; 8 mins
-16%

Stray thoughts:
  • Glad I cut this NIO fake-out. It can run back to HOD for all I care, but it didn't fit the play I was making.
 
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