First loss in awhile - Week in review (Mar 4 - Mar 8)
Took my first weekly loss in a long time (~2.5 months).
Thanks Apple.
Maybe should've held on longer, but decided to stick to my rules and cut it off.
Here are the trades for the past week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-03-05 | 2024-03-15 | 500 | 488 | 0.93 | 2 | 2.79 | 183.21 |
| EOG | open | BCS | 2024-03-06 | 2024-04-19 | 123.5 | 128.5 | 0.98 | 2 | 0.41 | 195.59 |
Trying another bear call spread with EOG. Looks like it's going to end up in a loss again though. 😅
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTC | open | BPS | 2024-02-08 | 2024-04-19 | 40 | 35 | 0.85 | 2 | 1.39 | 168.61 | $82.12 |
| INTC | close | BPS | 2024-03-04 | 2024-04-19 | 35 | 40 | -0.42 | 2 | 2.49 | -86.49 | |
| AAPL | open | BPS | 2024-02-22 | 2024-04-19 | 170 | 165 | 0.67 | 2 | 2.79 | 131.21 | -$240.11 |
| AAPL | close | BPS | 2024-03-05 | 2024-04-19 | 165 | 170 | -1.85 | 2 | 1.32 | -371.32 | |
| SPY | open | BPS | 2024-02-27 | 2024-03-08 | 495 | 484 | 0.57 | 2 | 2.79 | 111.21 | $111.21 |
| SPY | close | BPS | 2024-03-08 | 2024-03-08 | 484 | 495 | 0 | 2 | 0 | 0 |
- Closed Net Profits/Loss: -$46.78
Big fat loss on AAPL. It had two big gap down days in a row.
Tried to close it after the first gap down, but order didn't fill because it had an even bigger gap down the next day.
Bleh. Ended up taking a bigger loss than I wanted to.
Maybe should've held longer, because it looks like it is bouncing off support. Oh well.
Notes and Lessons #
Slowish week. The one loss on AAPL ruined what otherwise would've been a decent profit.
I stuck to my rules though, so I am happy about that.
Market continues to trend up overall. Maybe should forget about looking for bearish positions for now; they don't seem to be working very well. My EOG bear call spread looks like it will turn into a loss next week.