Bearish - Week in review (Oct 16 - Oct 20)
Bearish week.
Luckily, I had some bearish positions that worked out.
Unfortunately, also had some bullish positions that did not.
🙃
Opened #
Testing out new strategy (see summary), and continuing other weekly strategies.
- DIS
- MSFT
- TGT
- SPY
- V
- MCD
- PG
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| DIS | open | BCS | 2023-10-16 | 2023-11-17 | 90 | 95 | 0.85 | 2 | 1.37 | 168.63 |
| MSFT | open | BPS | 2023-10-16 | 2023-11-17 | 285 | 270 | 1.48 | 1 | 2.08 | 145.92 |
| TGT | open | BCS | 2023-10-17 | 2023-11-17 | 120 | 130 | 1.48 | 1 | 1.38 | 146.62 |
| SPY | open | BPS | 2023-10-17 | 2023-10-27 | 423 | 411 | 0.71 | 1 | 2.52 | 68.48 |
| V | open | BPS | 2023-10-20 | 2023-01-19 | 205 | 195 | 0.95 | 1 | 1.38 | 93.62 |
| MCD | open | BPS | 2023-10-20 | 2023-01-19 | 230 | 220 | 0.84 | 1 | 1.38 | 82.62 |
| PG | open | BPS | 2023-10-20 | 2023-01-19 | 135 | 120 | 1 | 1 | 1.38 | 98.62 |
Closed / Expired: #
Cut my loss a tiny, tiny bit late on SPY trade. Improvement over before though, which is good, I guess.
Forgot to put a profit taking order on ORCL trade, which ended up working out in my favor. By the time I realized, I was able to close it for around 75% profit instead of the typical 50%.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | open | BPS | 2023-09-26 | 2023-11-17 | 190 | 185 | 0.82 | 2 | 1.41 | 162.59 | $78.70 |
| CRM | close | BPS | 2023-10-17 | 2023-11-17 | 185 | 190 | -0.41 | 2 | 1.89 | -83.89 | |
| SPY | open | BPS | 2023-10-10 | 2023-10-20 | 421 | 409 | 0.57 | 1 | 2.48 | 54.52 | $43.15 |
| SPY | close | BPS | 2023-10-20 | 2023-10-20 | 409 | 421 | -0.1 | 1 | 1.37 | -11.37 | |
| ORCL | open | BCS | 2023-10-13 | 2023-11-17 | 115 | 120 | 0.8 | 2 | 1.37 | 158.63 | $116.57 |
| ORCL | close | BCS | 2023-10-20 | 2023-11-17 | 120 | 115 | -0.2 | 2 | 2.06 | -42.06 | |
| SPY | open | BPS | 2023-10-17 | 2023-10-27 | 423 | 411 | 0.71 | 1 | 2.52 | 68.48 | -$178.60 |
| SPY | close | BPS | 2023-10-20 | 2023-10-27 | 411 | 423 | -2.46 | 1 | 1.08 | -247.08 |
- Closed Net Profits/Loss: $59.82
Notes and Lessons #
Another small profitable week.
More happy that I was able to stick to my plan and cut my loss on SPY trade at around 200%.
Contemplating if I should stop using 50% profit taking orders on my basic selling strategy. Not using one worked out in my favor on the ORCL trade, but would've backfired had I done the same with CRM. Hmmm.
New Strategy #
Started to commit to another new strategy -- selling 90+ day put spreads on fundamentally sound companies that are in long term uptrends. For now, I have selected three stocks -- V, MCD, PG
Actually started testing the strategy out last month with Visa (V) and McDonald's (MCD). MCD has plummeted 10% since then, so not such a good start to my test. 😅
Will risk around $5k on this strategy for now.