Skip to main content
Options 1k

Cutting Losses; Taking Losses - Week in review (Aug 14 - 18)

The good news is that I have been fairly disciplined cutting losses.

The bad news is that I have basically ONLY been taking losses recently.

My account is slowly deteriorating; death by 1000 cuts.

Here's my trades from last week:

Opened: #

Ticker Action (open/close) Type Date Expiry Sell Strike Buy Strike Premium Qty Fee Net
CRM open BPS 2023-08-14 2023-09-15 190 185 0.8 2 2.1 157.9
PM open BPS 2023-08-14 2023-10-20 90 85 0.7 2 1.4 138.6
SPY open BPS 2023-08-14 2023-08-24 436 425 0.68 1 2.5 65.5
MRK open BCS 2023-08-17 2023-10-20 115 120 0.88 1 1.4 86.6

Closed / Expired: #

Ticker Action Type Date Expiry Sell Strike Buy Strike Premium Qty Fee Net Profit/Loss
TSM open BPS 2023-07-25 2023-09-15 95 90 0.94 2 1.32 186.68 -$336.14
TSM close BPS 2023-08-14 2023-09-15 90 95 -2.6 2 2.82 -522.82
SPY open BPS 2023-08-11 2023-08-21 434 423 0.76 1 2.1 73.9 $21.80
SPY close BPS 2023-08-14 2023-08-21 423 434 -0.5 1 2.1 -52.1
PM open BPS 2023-08-14 2023-10-20 90 85 0.7 2 1.4 138.6 -$85.59
PM close BPS 2023-08-18 2023-10-20 85 90 -1.12 2 0.19 -224.19
UAL open BPS 2023-08-01 2023-09-15 50 46 0.63 2 2.8 123.2 -$196.28
UAL close BPS 2023-08-18 2023-09-15 46 50 -1.59 2 1.48 -319.48

Notes and Lessons #

I possibly took too many bullish positions, and the market has been downtrending the last couple weeks.

The problem with my main strategy right now is that when the market is bullish, I end up entering more bearish positions because stocks are all overbought (stochastics / RSI). When the market is bearish, I enter too many bullish positions.

Need to think of some way to balance that out.