Lucky - Week in review (Oct 23 - Oct 27)
I got lucky.
Four weeks in a row of profit.
MSFT spiked up off of good earnings, so a few of my long positions closed for profits.
Other than that, not much happened.
I took a few new long positions. Market turned down, so they may all end up becoming decent sized losses next week.
We'll see.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2023-10-25 | 2023-11-03 | 410 | 398 | 0.95 | 1 | 1.38 | 93.62 |
| AMAT | open | BPS | 2023-10-25 | 2023-12-15 | 120 | 115 | 0.86 | 1 | 1.38 | 84.62 |
| NVDA | open | BPS | 2023-10-25 | 2023-12-15 | 360 | 355 | 0.8 | 2 | 1.38 | 158.62 |
Poor entry on NVDA. My order didn't get filled the previous day, then it bounced up. I got annoyed and chased it, worried that I would miss out on a run. Then, it collapsed down over the new couple days. 🙃
Don't chase stuff. There's always another opportunity.
Also, only opened 1 qty on AMAT trade by mistake (should've been 2 to stay consistent).
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2023-09-05 | 2023-12-15 | 290 | 280 | 1.15 | 1 | 2.11 | 112.89 | $66.65 |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 280 | 290 | -0.45 | 1 | 1.24 | -46.24 | |
| MSFT | open | BPS | 2023-09-11 | 2023-12-15 | 295 | 285 | 1.15 | 1 | 1.41 | 113.59 | $56.35 |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 285 | 295 | -0.56 | 1 | 1.24 | -57.24 | |
| MSFT | open | BPS | 2023-09-19 | 2023-12-15 | 290 | 260 | 2.79 | 1 | 2.11 | 276.89 | $188.81 |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 260 | 290 | -0.86 | 1 | 2.08 | -88.08 | |
| DIS | open | BCS | 2023-10-16 | 2023-11-17 | 90 | 95 | 0.85 | 2 | 1.37 | 168.63 | $87.23 |
| DIS | close | BCS | 2023-10-23 | 2023-11-17 | 95 | 90 | -0.4 | 2 | 1.4 | -81.4 |
- Closed Net Profits/Loss: $399.04
Three of my long MSFT positions closed thanks to a good earnings report, netting me $300+
So far, the MSFT strategy has been the best performing strategy.
DIS short closed for nice profit as well. Possibly should have tried to get more profit % out of it.
Notes and Lessons #
Maybe my best week ever so far? In terms of profit anyways.
Not getting too excited. Still $2k+ in the hole. 😂
About 80% of the profit was just because MSFT had a great earnings report and gapped up huge on the open.
If it had bad earnings, I would probably be crapping my pants right now.
Market has turned very bearish the last couple weeks, and I have a bunch of long positions still.
Next couple months may be a bloodbath to my account if it continues.
Will try and stick the course, regardless.