Dmac (@options_n_music) / Twitter. Week 41: How to Avoid Option Assignment, Again! Whaddup. Since, I’m hoping that I can publish this before the NHL playoffs are over, I need to say one thing: LETS GO BLUES! How about them STL blues huh?? I’m from St. Louis and want to say damn, that was a great game(game 5) in Winnipeg! I had a previous delta of, no clue, because I didn’t write it down in my trade journal *hits head against wall* Previous week C&S:$2,263.01 Week ending C&S: $1556.36(Yikes!)
In this discussion, we’re going to talk about how assignment literally killed my account and started me down the wrong path. Although you CAN skip to the bottom, it would be better for you to at least see the opening trades. Opening Trades Call credit spread here, with GLD being consistently beaten up, I thought it would be a good time to place this trade. I opened several trades on GOOGL throughout the week, not particularly sure why. The same thing as GOOGL, the options had very good premium in them and I decided I want to get into the pool.
Closing Trades My rule, right? Thoughts. Week 40: How I'm slowly Blowing Up My Trading Account. Heyyyy Mili! I want to say thank you for being my first email subscriber! That’s a big deal to me, and I truly appreciate it. Let’s get started, there is A TON to go over in this article. This week was the beginning of my accounts demise, with me not really having a plan or strategy on how I planned to trade each week. I had previous C&S(cash and sweep) balance of:$2404.61 My C&S at the end of this week is: 2263.01 About a $900 loss within a week. Have you found a trading strategy that fits you? So, I only had one opening trade this week and one, and one closing trade. Opening Trades A put debit spread opened here, trading with the trend in hopes it would continue. Closing Trades Iron butterfly trade opened during week 37. How I’ve Slowly Blown Up My Account First, let us start with this quote: “If you chase two rabbits, you will not catch either one.”
To break this down quickly, it means to focus on ONE thing at a time. I had NO PLAN, and was focusing on too many strategies. I Traded TOO Big. Week 29- The usage of vertical credit spreads. One of my fave songs! Please follow the Twitter page here for some trades I like to share. Follow us here on Pinterest page here for just some pics from the blog post, or maybe a new pic( I really enjoy editing and cropping pictures). What’s going on?! I hope your trading has been going well. Week 29 has a ton of opening trade action going on, so let us start discussing it. At the end of week 28, the beta for the portfolio ended up being at -6, way too bearish for the portfolio, as I’d like to keep as between +2/-2 as possible. However, looking slightly ahead, some of the beta-negative trades were about to come off, and hopefully give my portfolio some balance. There were 9 trades opened this week, on week 29.
This trade was initially made on 16 July 18, using the vertical credit spread strategy. Side note: This pricing does not look as good as the other weekly options I trade, don’t know why I had an inconsistency with this trade. $VXX (Barclays bank S&P 500 VIX ETF) Day TRADE! Thoughts. Week 33-Three Stock Tickers I Look at Day to Day.
What’s up?! D back for another post on this crazy market I’m trying to learn to trade. In week 32 I ended with a delta of +17(eek), and that’s very high to me. I’ve had different thoughts on this, but I’ve decided I’m going to share my cash-and-sweep with you(C&S) until I reach $10,000? Maybe $100,000? There were plenty of opening and closing trades this week, so I’ll do the usual spiel on the opening and closing trades, and then I want to talk you about the tickers I look at on the DAILY. I’l give ya a hint: Some of the tickers start with the letter V. Not gonna lie, It’s a little weird the end of the year is coming up. Opening trades With my delta at the end of week 32 being a +17, you know I had to try to bring it down immediately, right?
Yahoo finance GLD One of our weekly friends, $AMZN. Yahoo finance AMZN A change of pace strategy, from the redundant call-credit spread or put-credit spread. XLU yahoo finance THIS, was one of those moments. SMH yahoo finance Closing Trades Thoughts Save. Week 32: Are Weekly options worth the Gamma Risk? Please follow the Twitter page here for some trades I like to share. Follow us here on Pinterest page here for just some pics from the blog post, or maybe a new pic( I really enjoy editing and cropping pictures).
HEY! What’s up?? Cheers to you and the happy trading. In the previous article, week 31, my portfolio delta was at a good number. Looking at my trading records, I discovered around this time my favorite earnings play, just how I’m discovering to play options again, slowly! Week 32 is cool, I’ve got 5 opening trades for the week, and 6 closing trades during this week as well. Opening trades Guess who?! A little curve-ball into the mix. The last trade made on August 7th, which was another put credit spread. Interesting, ANOTHER put credit spread. The last opening trade and put credit spread made for this week. Closing Trades Netflix had its two tops in June and July, and ever since then, It has been slowly on a decline.
Interesting trade win here. Day-trade alert! Thoughts Save. Week 31: 3 Strategies for Beginning Options Traders - Optionselling.net. I may have a drake song until I go to that concert. I MIGHT post pictures, stay tuned! Alright, here we go! Another week of the trading going into the past! How ya been today? At the end of week 30, I had a portfolio delta of -2. Opening Trades Looking at this trade in the matrix, it looks like I was trying to make up for that bad earnings trade I had the previous week. Put credit spread again used for this security. This volatile stock again was traded on 8/2. Also opened on 8/2, $XLV was the last trade opened for the week. Closing Trades Luckily, only three closing trades were made for the week. The week 28 trade, an iron butterfly option trade came out well. Our crazy stock here, $TSLA, did us another favor again! The Q’s! 3 Option Strategies for Beginners Now, I know, there is a lot of information on strategies you can use, and only you, the trader, can determine which is easiest is best for you.
Credit Spreads(vertical spreads) Debit Spreads Covered Calls Thoughts Save. Week 39-Reading and Learning the OHLC Bar Chart. Hey, how’s it going? How’s the trading been going? Leave me a comment below and tell if you’ve been struggling with certain aspect of trading. My delta in the previous week was -10, that’s why this week didn’t end much better. This week there were SEVEN opened trades, using a variety of different strategies, with some wins, losses, and assignments being given. Previous week C&S:$1819.93 My C&S this week:$2404.61 My C&S is looking like its steady on an incline, since I had been taking in credits from the weekly expiration trades. In this article, we’re going to go thru why I prefer OHLC bar charts as compared to the candlestick charts most like to look at.
Opening Trades On 9/24, I opened the put credit spread on AMZN. Put credit spread strategy again. This is an interesting double trade to me, I’m not sure why I decided to open two of these trades. The late and great Iron condor strategy started, using the 189/190 strike calls and the 175/174 puts. Closing Trades Why I like OHLC Bars Thoughts. Week 38-Five Strategies I Use for Options Trading. Hey! What’s been going on?? I’ve been very busy with life and have not been able to post as much. BUT, HERE I AM! Whaddup? In this post, I’m going to be talking about the five strategies that I use and why. We have A LOT to talk about today. First, let’s get started with opening week statements and how much account is growing(or dwindling) with this week. Oh, and one quick question: Do you like the music video above??
There are three opening trades for the week, while there are six closing trades for the week. Previous week C&S:$2331.10 C&S for the week: $1819.93 Where my previous week C&S was $2331.10. Opening trades Only three opening trades this week, two coming from the same stock, $AMD, with the other opening trade being in $NFLX.
Put credit spread opened using the -26x/25 strike prices for the credit spread. This was ANOTHER weekly options trade, where I decided to use the put credit spread strategy, AGAIN. Closing Trades A bad one here, opened on 8/2 originally. Calendar Spreads Save. Week 37-Two Simple Adjustments for Small accounts. Heyyyyo! Check out the music and videos on trading for small accounts here. What’s going on? I’m glad I can get another post to ya, as we have a lot to talk about in this entry. First off, week 36 was A uneventful week, with me opening only one trade, and that was a put credit spread on $AMD. My delta at the end of week 36 was 0.28, which is probably one of the best beta-weighted deltas I’ve had since I started my stock options journal.
Compared to last week, the cash-and-sweep went down about $150, because of me opening the put credit spread. One more thing, I’m going to talk about trade adjustments today. Let’s see how I fare thru the week, Let’s get started! Opening Trades With the table above, you can see the trade was opened on 9/10. Yahoo Chart $EWZ Another Iron butterfly. Yahoo chart $USO Another fatal attraction trade, the infamous iron butterfly.
Yahoo Chart $NUGT Opened on 9/13, I played the the $VIX futures. Yahoo Chart $VXX Last open for the week, our last put credit strategy. Week 34: Double Calendar Spreads, How Can We Use Them? Prince is one of the best guitarist EVER! Hey what’s going? It’s been a little while and thought I’d get right back in to giving you some interesting tips I’ve learned again. Let me start by saying, CHRISTMAS is 4 days away! I cannot believe how fast this year went by, insane. In Week 33, my portfolio delta was 5.08. C&S for week-2257.52 Weekly trade here, where I opened a 7SEP18 weekly put-credit spread. Another trade in EWZ, even though I’ve been burned on this stock a couple times already this year.
Iron condor trade opened here. MY Iron-Butterfly. Last trade opened for the week, AMD was on a meteoric rise, and continued on its nice upward trend. Made this put-credit spread trade in week 33. Another one of those, more lucky than smart trades. The Interesting Double Calendar Spread What we’re interested in today are these weird, double calendar spreads! This play usually involves the same type of option, using either calls or puts for the legs of the trade. When would we use these? Hey! Week 23 A Simple Checklist for Investing Daily With Options. Lloyd-I want you remix(feat Andre 300 and Nas) Adjusting $USO Iron Butterfly. Calendar Spread Adjustments-$SPY. Iron Condor Spread Adjustment-$SPY. Thedmacin. Week 35: The Art of the Debit Spread. Heyyo! Whaddup? At the time of writing this, it’s almost Christmas!
5 real days until Christmas, and I can’t believe it. So, for that reason alone, I decided to give you fine people a Christmas song instead! OK, let’s start with the usual. C&S:2259.58-Hasn’t changed much from the previous week. Previous week was 2257.52. In this post, I wanted to talk to you how to construct a proper debit spread, and which strikes to use.
Opening Trades Another weekly trade, you can tell at one point during the year I was in love with these things. The trade that sparked our discussion today, this was was a call debit spread placed in $AAL. Closing Trades One win for this week was a put credit spread placed in week 34. Debit Spreads And Strikes to Use Although I consider myself an option seller, debit spreads are a very useful tool every trader needs in their trading repertoire. Buying an ITM call/put and selling an OTM call/put Buying an ATM call/put and selling a further OTM call/put Thoughts. Week 36: How to Trade the Iron Butterfly in your small account. Good Morning, good evening and good night! How has everyone been doing today?! I’ve been busy with life and haven’t been able to write as much. How are things going? Let me be honest and say, my trading has been getting better since the ending of last year, although results haven’t shown up yet!
LOL Check out the music and videos on trading for small accounts here. This is compared to the previous weeks C&S numbers, which was 2259.58. Guess what we’re talking about today?! The only trade opened for this week, a put credit spread. Yahoo AMD chart Closing Trades This was a week 34 trade, with it being placed on 8/21. The call side of the iron condor was made of selling the 184-strike calls while buying the 185-strike calls The put side consisted of selling the 174-strike puts and buying the 173-strike puts.
Originally made on 8/7. Iron Butterflies-The Mechanics of the Strategy Iron butterflies, what are they exactly? 1 OTM Call 1 ATM Call(same strike) 1 ATM Put(same strike) 1 OTM Put And Thoughts. Optionselling.net- A Way to Learn Options. Week 37-Two Simple Adjustments for Small accounts.