Market keeps on pumping - Week in review (Nov 20 - Nov 24)
Market remains very bullish.
Makes it hard to find good entries on new positions.
Market is nearing a major resistance level though; we'll see if it retraces or not over the next couple weeks.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| open | 148 | CELH | open | BPS | 2023-11-21 | 2023-01-19 | 46.67 | 41.67 | 0.72 | 2 |
| open | 149 | SPY | open | BPS | 2023-11-21 | 2023-12-01 | 444 | 436 | 0.39 | 1 |
Very quiet week for new positions. My MSFT strategy was already maxed out, so I didn't open new positions.
Followed through with weekly SPY position, and opened one new position in CELH. It didn't move much at all.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2023-11-07 | 2023-02-16 | 310 | 295 | 1.36 | 1 | 1.24 | 134.76 | $68.38 |
| MSFT | close | BPS | 2023-11-22 | 2023-02-16 | 295 | 310 | -0.65 | 1 | 1.38 | -66.38 | |
| SHEL | open | BPS | 2023-11-13 | 2023-01-19 | 62.5 | 57.5 | 0.75 | 1 | 0.58 | 74.42 | $38.84 |
| SHEL | close | BPS | 2023-11-20 | 2023-01-19 | 57.5 | 62.5 | -0.35 | 1 | 0.58 | -35.58 | |
| SPY | open | BPS | 2023-11-14 | 2023-11-24 | 439 | 429 | 0.44 | 1 | 2.08 | 41.92 | $41.92 |
| SPY | expired | BPS | 2023-11-24 | 2023-11-24 | 429 | 439 | 0 | 1 | 0 | 0 |
- Closed Net Profits/Loss: $149.14
Market has been super bullish, so everything keeps going up recently. I don't have any bear positions at all.
Should've maybe targetted more profit on MSFT as it keeps pushing all time highs.
Notes and Lessons #
8 weeks in a row of profit.
It's great, but trying to stay grounded.
I'm going to lose a trade soon. I can feel it. 😅