This week's trades (Apr 3 - 7, 2023)
Here are the trades I made over the past week and a bit.
I've included a few trades from March, because I forgot to write a post for last week.
In total, I opened five trades, and closed none so far.
Four of the trades are Bear Call Spreads, and one is a Bull Put Spread.
Bear Call Spreads #
- ATVI
- Opened: 03/30/2023
- Expiry date: 05/19/2023
- Sell call @ 90
- Buy call @ 95
- Premium collected: $100 / contract
- Volume: 3
Notes: I looked at the chart wrong, and didn't notice the huge gap up 😅. I probably shouldn't have entered the trade in the first place, but we'll see how it goes. I'll cut losses according to my trading rules if things go wrong.
- IBM
- Opened: 03/30/2023
- Expiry date: 05/19/2023
- Sell call @ 140
- Buy call @ 145
- Premium collected: $73 / contract
- Volume: 1
Notes: Took this trade idea from Gin at passiveseeds.com
- GILD
- Opened: 04/04/2023
- Expiry date: 05/19/2023
- Sell call @ 90
- Buy call @ 92.5
- Premium collected: $35 / contract
- Volume: 4
Notes: Realized I should have doubled the volume on this, because the buy/call spread is only 2.5 instead of 5. Also premium collected is only $35 per.
- AMZN
- Opened: 04/04/2023
- Expiry date: 05/19/2023
- Sell call @ 115
- Buy call @ 120
- Premium collected: $78 / contract
- Volume: 2
Notes: Amazon has been in a slow and steady downtrend for awhile. Hoping the trend continues, although looks like it may be reversing or flattening out a bit. Make sure to exit position regardless before earnings announcement April 27.
BULL PUT SPREADS #
- COIN
- Opened: 03/30/2023
- Expiry date: 05/19/2023
- Sell call @ 40
- Buy call @ 35
- Premium collected: $67 / contract
- Volume: 2
Notes: Wasn't so sure about this trade, but wanted a bullish position to balance out the bearish ones. COIN was oversold with bunch of support levels nearby. Only took small position.
Notes: #
It seems I have too many bear positions right now, but there were not many stocks that were oversold this past week. Maybe I need to start looking at some other indicators besides stochastics?