Big Pop - Week in review (Oct 30 - Nov 3)
Market had a huge pop this week.
This helped me close a bunch of positions for profits, but also killed the one bear position I took.
Up and down we go.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2023-10-30 | 2023-11-10 | 400 | 388 | 0.88 | 1 | 2.48 | 85.52 |
| CCI | open | BCS | 2023-11-02 | 2023-11-10 | 97.5 | 100 | 0.6 | 2 | 0.4 | 119.6 |
Only two new positions. My weekly SPY position, and a bear position on CCI.
CCI had been in a strong downtrend, so seemed like a good bet to keep going down. Unfortunately for me, it popped big with the rest of the market and broke it's downtrend (at least temporarily). I ended just closing it a couple days later for a 100%+ loss. Bleh:
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | open | BPS | 2023-09-12 | 2023-12-15 | 225 | 215 | 1.03 | 1 | 1.4 | 101.6 | $50.20 |
| V | close | BPS | 2023-11-03 | 2023-12-15 | 215 | 225 | -0.5 | 1 | 1.4 | -51.4 | |
| AAPL | open | BPS | 2023-09-19 | 2023-11-17 | 165 | 160 | 0.69 | 2 | 1.41 | 136.59 | -$152.18 |
| AAPL | close | BPS | 2023-10-30 | 2023-11-17 | 160 | 165 | -1.43 | 2 | 2.77 | -288.77 | |
| MSFT | open | BPS | 2023-10-16 | 2023-01-19 | 285 | 270 | 1.48 | 1 | 2.08 | 145.92 | $126.46 |
| MSFT | buy | put | 2023-10-30 | 2023-01-19 | 0 | 285 | -2.83 | 1 | 1.04 | -284.04 | |
| MSFT | sell | put | 2023-10-30 | 2023-01-19 | 295 | 0 | 3.92 | 1 | 1.04 | 390.96 | |
| MSFT | close | BPS | 2023-11-02 | 2023-01-19 | 270 | 295 | -1.25 | 1 | 1.38 | -126.38 | |
| TGT | open | BCS | 2023-10-17 | 2023-11-17 | 120 | 130 | 1.48 | 1 | 1.38 | 146.62 | $67.54 |
| TGT | close | BCS | 2023-10-30 | 2023-11-17 | 130 | 120 | -0.77 | 1 | 2.08 | -79.08 | |
| V | open | BPS | 2023-10-20 | 2023-01-19 | 205 | 195 | 0.95 | 1 | 1.38 | 93.62 | $52.24 |
| V | close | BPS | 2023-11-01 | 2023-01-19 | 195 | 205 | -0.4 | 1 | 1.38 | -41.38 | |
| MCD | open | BPS | 2023-10-20 | 2023-01-19 | 230 | 220 | 0.84 | 1 | 1.38 | 82.62 | $41.24 |
| MCD | close | BPS | 2023-11-01 | 2023-01-19 | 220 | 230 | -0.4 | 1 | 1.38 | -41.38 | |
| PG | open | BPS | 2023-10-20 | 2023-01-19 | 135 | 120 | 1 | 1 | 1.38 | 98.62 | $52.24 |
| PG | close | BPS | 2023-11-03 | 2023-01-19 | 120 | 135 | -0.45 | 1 | 1.38 | -46.38 | |
| SPY | open | BPS | 2023-10-25 | 2023-11-03 | 410 | 398 | 0.95 | 1 | 1.38 | 93.62 | $93.62 |
| SPY | expired | BPS | 2023-11-03 | 2023-11-03 | 398 | 410 | 0 | 1 | 0 | 0 | |
| AMAT | open | BPS | 2023-10-25 | 2023-12-15 | 120 | 115 | 0.86 | 1 | 1.38 | 84.62 | $43.24 |
| AMAT | close | BPS | 2023-11-03 | 2023-12-15 | 115 | 120 | -0.4 | 1 | 1.38 | -41.38 | |
| CCI | open | BCS | 2023-11-02 | 2023-11-10 | 97.5 | 100 | 0.6 | 2 | 0.4 | 119.6 | -$190.48 |
| CCI | close | BCS | 2023-11-03 | 2023-11-10 | 100 | 97.5 | -1.54 | 2 | 2.08 | -310.08 |
- Closed Net Profits/Loss: $184.12
I closed my position at the beginning of the week on AAPL, because it had earnings in a few days. Decent sized loss of $150. This ended up being a mistake, because the market popped like crazy.
If I held it for a couple more days, could've closed for a profit. Oh well. No regrets. Well, just a little.
Notes and Lessons #
This could've been a VERY profitable week if not for two big losses.
Can't really complain. I think closing them was the right decision at the time.
I feel like CCI will drop back down, but didn't want to get into the habit of hoping and praying again.
On to the next week!