Hi everyone....
Well, today would of been a great trading day, but I bet against the trend and had to close out some options. Stupid. Like I said yesterday, play the trend.....why try to guess what the market or a stock will do, just play what it's doing!
Market opened down over -100 points, but rallied back a bit to close at -40 points. Had to help at the elementary school today, so I missed a lot of runners. CX, TQNT, CLWR just to list a few.....all moving on news. GOOG reported earning a/h and spiked up over $48 bucks and should touch the $600 mark tomorrow......
Now to the trades:
NFLX s/s 112.97/112.47 x 500 = -250
NFLX 115.35/118.33 x 500 = +1,490 <---- huge play on news....
Closed out the following options:
BIDU 120 w put .52/.37 = -150 <---- didn't sell at the open for a gain
NFLX 105 w put .81/.35 = -460 <---- didn't sell at the open for a gain
SPY 118 w put .22/.33 = +110 <----- didn't sell when it was up for a 100% gain
Boy, am I bad at options! I do best when I don't have a plan and I do best when I focus on only one stock. Had too much going on. No excuse, but it was just too much and I lost money.
Total = $740 <---- now that is just a shame! Horrible......
Monday = -350
Tuesday = +2,750
Wednesday = +1,485
Well.....I hope everyone did better than I did.....follow the rules you set!
sdh
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