Week in review (Jun 26 - 30) - too many trades
To make up for my lack of trades last week, I entered a ton of positions this week (11).
Probably too many.
I also decided to hold through earnings for a couple positions (GIS and MU). Both backfired. GIS had poor earnings, and tanked. MU had good earnings, but still tanked a day later for whatever reason. Bleh 😩
Also testing out a new strategy with MSFT that I found on Options Alpha. Basically, selling super far out, and high probability put credit spreads (90 days to expiry, 0.15/0.05 Delta).
Opened: #
- MSFT
- RUT
- SQ
- TJX
- TSLA x2 (iron condor)
- ATVI
- XLE
- PDD
- BAX
- EMR
| Ticker | Action (open/close) | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2023-06-28 | 2023-09-15 | 295 | 265 | 2.2 | 1 | 1.4 | 218.6 |
| RUT | open | BPS | 2023-06-28 | 2023-07-07 | 1780 | 1775 | 0.35 | 1 | 2.4 | 32.6 |
| SQ | open | BPS | 2023-06-28 | 2023-08-18 | 57.5 | 55 | 0.63 | 1 | 1.4 | 61.6 |
| TJX | open | BCS | 2023-06-28 | 2023-08-18 | 87.5 | 90 | 0.45 | 1 | 1.4 | 43.6 |
| TSLA | open | BCS | 2023-06-28 | 2023-07-07 | 285 | 290 | 0.56 | 1 | 1.4 | 54.6 |
| TSLA | open | BPS | 2023-06-28 | 2023-07-07 | 220 | 215 | 0.24 | 1 | 1.4 | 22.6 |
| ATVI | open | BCS | 2023-06-28 | 2023-08-18 | 92.5 | 95 | 0.72 | 1 | 1.4 | 70.6 |
| XLE | open | BCS | 2023-06-28 | 2023-08-18 | 82 | 83 | 0.37 | 1 | 1.4 | 35.6 |
| PDD | open | BPS | 2023-06-29 | 2023-09-15 | 60 | 55 | 1.3 | 1 | 1.4 | 128.6 |
| BAX | open | BCS | 2023-06-30 | 2023-08-18 | 47.5 | 50 | 0.6 | 1 | 0.6 | 59.4 |
| EMR | open | BCS | 2023-06-30 | 2023-08-18 | 95 | 97.5 | 0.55 | 1 | 0.6 | 54.4 |
Closed: #
Only closed 1 position, which was a short term position anyways.
- RUT
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RUT | open | BPS | 2023-06-28 | 2023-07-07 | 1780 | 1775 | 0.35 | 1 | 2.4 | 32.6 | 15.2 |
| RUT | close | BPS | 2023-06-29 | 2023-07-07 | 1775 | 1780 | -0.15 | 1 | 2.4 | -17.4 |
- Closed Net Profits/Loss: $15.20
Notes and Lessons #
I've realized that I have completely abandoned my original trading rules -- mainly cutting losses, and exiting before earnings. Things have not gone so well since I have.
It may be time to reset, and just ignore whatever exisiting profits/losses I have accummulated.
I have a bunch of positions that are just sitting at big losses. And they all expire in July. So, I'm probably going to be reset anyways hahaha.
I've also realized that I make profits everytime I trade RUT. I should really figure out what I'm doing right, or is it just luck?