Want to know what's moving up next?

Closing the trade at end of day, how did the paper trade work out.

SHOP opened at $616, high low of $603.48 to $635, ending $626.

The last price on the $620 strike ATM straddle trades were $27.80 on the call, $17.90 on the put for total of $46.70.

The start of day investment was $58, making this day trade 3 days to option expiry a losing trade of approx $11.30.

On the May 1, 2020 expiry options, the $620 straddle, at the open the total combined cost of $90.68

The option range on the May 1 straddle - call $33-$51 on the put $29.60-$66.

As always it’s impossible to time the market, or guess direction.

The SHOP straddle yesterday made money.

It’back to the drawing board for next weeks options expiring May 1, see if a trade on Monday can make money.
 
While there has been amazing strength in some IT companies lately, it's not a one way trade there exists significant risk both directions. I think gold miners in Canada have been a more reliable trade in recent weeks that may continue 6 more months. And in recent weeks, some small Canadian natural gas related companies are doing really well off rock bottom prices.

Sometimes the best opportunities kind of sneak up on everyone. Seen this gold mining play before; by the time the analysts catch up to it the companies have already appreciated a ton. But the fresh money tends to drive them even higher, subject of course to no big sudden weakness in Gold itself. We are at that point now.
 
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greeneveryday said:
Are you serious? I don't just hold bags... I am day trader. I'm in and out in minutes. Today? 28K in SHOp put.
Profit.
More...
greeneveryday said:
No more than 5/day...Sometimes I only take 1 trade a day and shut down computer if it get a big win or loss.
More...

How much money did you finally make in this long SHOP Put trade?

You would have done very well if you took profit on the day you posted the screen shot.
 
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