Skip to main content
Options 1k

Taking it slow - Week(s) in review (July 24 - Aug 4)

Trying to take it slow the last couple weeks.

Trying to be more selective with my trades.

I only opened 8 positions over the last two weeks (and just 2 positions this past week).

Previously, I had been entering 8-10 positions per week.

Opened: #

Ticker Action (open/close) Type Date Expiry Sell Strike Buy Strike Premium Qty Fee Net
TSM open BPS 2023-07-25 2023-09-15 95 90 0.94 2 1.32 186.68
WMT open BCS 2023-07-25 2023-09-15 165 170 1 2 2.1 197.9
SPY open BPS 2023-07-25 2023-08-07 444 435 0.52 1 1.4 50.6
MDT open BCS 2023-07-26 2023-09-15 95 97.5 0.33 4 2.81 129.19
MSFT open BPS 2023-07-27 2023-10-20 295 280 1.33 1 2.81 130.19
NFLX open BPS 2023-07-27 2023-09-15 385 380 1.05 2 2.12 207.88
MSFT open BPS 2023-08-01 2023-11-17 290 275 1.69 1 1.41 167.59
UAL open BPS 2023-08-01 2023-09-15 50 46 0.63 2 2.8 123.2

Closed: #

I also closed a few trades. Messed up the order on one of them (EEM), and only made $0.19. 😅 (still better than losing money though)

Ticker Action Type Date Expiry Sell Strike Buy Strike Premium Qty Fee Net Profit/Loss
TJX open BCS 2023-06-28 2023-08-18 87.5 90 0.45 1 1.4 43.6 -$57.50
TJX close BCS 2023-07-27 2023-08-18 90 87.5 -0.99 1 2.1 -101.1
XLE open BCS 2023-06-28 2023-08-18 82 83 0.37 1 1.4 35.6 -$46.50
XLE close BCS 2023-07-25 2023-08-18 83 82 -0.8 1 2.1 -82.1
EMR open BCS 2023-06-30 2023-08-18 95 97.5 0.55 1 0.6 54.4 $3.10
EMR close BCS 2023-07-28 2023-08-18 97.5 95 -0.5 1 1.3 -51.3
TSN open BCS 2023-07-06 2023-08-18 55 57.5 0.6 2 0.2 119.8 -$130.70
TSN close BCS 2023-07-28 2023-08-18 57.5 55 -1.25 2 0.5 -250.5
EEM open BCS 2023-07-19 2023-09-15 43 45 0.28 1 1.41 26.59 $0.19
EEM close BCS 2023-08-02 2023-09-15 45 43 -0.25 1 1.4 -26.4
GLD open BCS 2023-07-20 2023-09-15 190 192 0.44 1 1.4 42.6 $18.50
GLD close BCS 2023-07-27 2023-09-15 192 190 -0.22 1 2.1 -24.1
MDT open BCS 2023-07-26 2023-09-15 95 97.5 0.33 4 2.81 129.19 $43.58
MDT close BCS 2023-08-02 2023-09-15 97.5 95 -0.2 4 5.61 -85.61
NFLX open BPS 2023-07-27 2023-09-15 385 380 1.05 2 2.12 207.88 $98.64
NFLX close BPS 2023-08-01 2023-09-15 380 385 -0.54 2 1.24 -109.24

Notes and Lessons #

Cleaning out some old positions.

Successfully cut my loss on TSN, as it broke through restistance levels.

Although, now I'm second guessing if I got out too early or not. Best not to think about it.

Took profits too early on MDT (about 30%). If I had let it run its course, would've easily made the full target 50% profit.

The last month scarred me a bit so now I'm scared of letting any profits slip away.