Up and Down - Week in review (Apr 29 - May 4)
Up and down we go.
Market turned down to start the week. Thought I would need to eat some more losses. Then, it finished with a big spike up to basically close where it started. 😂
Took a few new positions this week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-04-30 | 2024-05-10 | 496 | 486 | 0.71 | 2 | 3.6 | 138.4 |
| BX | open | BPS | 2024-05-02 | 2024-06-21 | 110 | 105 | 0.9 | 2 | 1.39 | 178.61 |
| ORCL | open | BPS | 2024-05-02 | 2024-06-21 | 105 | 100 | 0.85 | 2 | 1.39 | 168.61 |
Weekly SPY trade, and a couple of bullish positions.
I'm still trading with a bullish bias. Have been looking for some more bearish positions to take, but there were not many good looking opportunities.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | open | BPS | 2024-03-27 | 2024-05-17 | 150 | 140 | 1 | 2 | 1.4 | 198.6 | -$4.51 |
| NVO | close | BPS | 2024-05-03 | 2024-05-17 | 140 | 150 | -1.01 | 2 | 1.11 | -203.11 | |
| SPY | open | BPS | 2024-04-23 | 2024-05-03 | 490 | 480 | 0.72 | 2 | 2.79 | 141.21 | $141.21 |
| SPY | expired | BPS | 2024-05-03 | 2024-05-03 | 480 | 490 | 0 | 2 | 0 | 0 | |
| BX | open | BPS | 2024-05-02 | 2024-06-21 | 110 | 105 | 0.9 | 2 | 1.39 | 178.61 | $87.22 |
| BX | close | BPS | 2024-05-03 | 2024-06-21 | 105 | 110 | -0.45 | 2 | 1.39 | -91.39 |
- Closed Net Profits/Loss: $223.92
BX closed one day after taking the position. Why can't all trades be so easy? 🙃
Notes and Lessons #
Didn't realize NVO had earnings during the week. It was actually in profit for awhile, then dropped after poor earnings.
If I was paying attention, I should've closed it earlier for small profit instead of taking a loss. Wasted opportunity. After I realized my mistake, I cut it right away, which I guess is a good thing.
So, now I've added a column on my portfolio to show me next upcoming earnings. Maybe that'll help me keep track of things.
Overall, still an OK week for me.