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: #
- TSM
- WMT
- SPY
- MDT
- MSFT (x2)
- NFLX
- UAL
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 |
- Closed Net Profits/Loss: -$70.69
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.