Week in review (Jun 12 - 16) - SBUX, TGT, HD
Didn't do too last week. Just watched ADBE continue to climb uncontrollably along with my losses.
I did open a few new trades, and closed some to make a few bucks.
Here were my trades last week:
Opened:
- SBUX
- TGT
- HD
- ATVI
| Ticker | Action (open/close) | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | open | BPS | 2023-06-12 | 2023-08-18 | 90 | 85 | 0.65 | 1 | 1.4 | 63.6 |
| TGT | open | BPS | 2023-06-12 | 2023-08-18 | 110 | 105 | 0.75 | 1 | 1.4 | 73.6 |
| HD | open | BCS | 2023-06-12 | 2023-08-18 | 330 | 335 | 0.8 | 1 | 1.4 | 78.6 |
| ATVI | open | BCS | 2023-06-15 | 2023-07-21 | 87.5 | 90 | 0.5 | 1 | 1.4 | 48.6 |
Closed:
- DD
- NKE
- SBUX
- TGT
- HD
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DD | open | BCS | 2023-06-01 | 2023-07-21 | 72.5 | 75 | 0.45 | 2 | 0.2 | 89.8 | 9.6 |
| DD | close | BCS | 2023-06-15 | 2023-07-21 | 75 | 72.5 | -0.4 | 2 | 0.2 | -80.2 | |
| NKE | open | BPS | 2023-06-08 | 2023-07-21 | 97.5 | 95 | 0.43 | 1 | 2.1 | 40.9 | 14.58 |
| NKE | close | BPS | 2023-06-15 | 2023-07-21 | 95 | 97.5 | -0.25 | 1 | 1.32 | -26.32 | |
| SBUX | open | BPS | 2023-06-12 | 2023-08-18 | 90 | 85 | 0.65 | 1 | 1.4 | 63.6 | 17.2 |
| SBUX | close | BPS | 2023-06-14 | 2023-08-18 | 85 | 90 | -0.45 | 1 | 1.4 | -46.4 | |
| TGT | open | BPS | 2023-06-12 | 2023-08-18 | 110 | 105 | 0.75 | 1 | 1.4 | 73.6 | 32.2 |
| TGT | close | BPS | 2023-06-15 | 2023-08-18 | 105 | 110 | -0.4 | 1 | 1.4 | -41.4 | |
| HD | open | BCS | 2023-06-12 | 2023-08-18 | 330 | 335 | 0.8 | 1 | 1.4 | 78.6 | 11.2 |
| HD | close | BCS | 2023-06-16 | 2023-08-18 | 335 | 330 | -0.66 | 1 | 1.4 | -67.4 |
- Closed Net Profits/Loss: $84.78
Notes and Lessons #
A decent profit of $85. It is all going towards paying off my huge upcoming future loss though. So, not that much to be happy about.
I have another couple losing positions (MU and GIS) that have earnings next week. I will probably take my losses on them soon.
Four of the closed trades this week were positions opened just a few days earlier (NKE, SBUX, TGT, HD). I took profits earlier than the usual 50% target. It makes mathematical sense if you can take like a 25% profit after a couple days compared to 50% over a couple weeks. I think.
I need to start keeping track of the Probability of Profit that I enter at, as well as the delta.
Then, I can see if my new strategy of just relying on probability is working out or not. Keeping track of delta can help me know when to adjust or cut losses better.