Bit late of an update but sold my 35 BBRY contracts for about 10% profit. Small but noticed a big event at AAPL. I'm glad I noticed as I decided to buy 10 call contracts with strike price of $111 set to expire on Mar 06, 2015.
The ER proved to be eventful and looks like it'll be a nice bit of a gain. Hoping for another large move tomorrow.
Bought 10 new Call contracts with AAPL with strike price of $121.43 and expiry date of Apr 17, 2015. Bought 10 Put contracts in BABA with strike price of $87.50 and expiry date of Apr 17, 2015. Also bought 10 Calls in BBRY with strike price of $10 and expiry of Apr 17, 2015.
The sitting and waiting around is really hard to do at this point for me. I can feel myself becoming impatient a little to make trades. But I've been managing it since the trend itself hasn't reversed fully yet. It's been going against me and on paper, it's currently a loss but I've been sitting on it.
I think I'll add a new rule to follow starting from my next set of trades even if this one goes well. If it moves against my position a certain amount, I think I will get out of that position until direction stabilizes. Just need to work out whether that amount will be based on my total equity or the amount put into the trade itself.
BABA wasn't continuing it's downward trend from the looks of it so I sold off the puts I had in it for a small 10-11%ish profit. Decided to buy some calls in TD and BAC since they had entered an upward trend recently. Bought 10 contracts in TD strike price of $42.50 and expiry at Apr 17, 2015. Also bought 20 contracts in BAC with strike price of $16 and expiry date of Apr 17, 2015. And just because it seems to be entering a downtrend, bought 4 puts in MCD with strike price of $92.50 and expiry of Mar 27, 2015.
Still holding out for that move from AAPL. I'm starting to wonder if it will break $120 or not at this point. But holding onto it for now as its trend hasn't gone the other way yet.
Some changes. MCD's trend reversed on me so I got out of that with a small loss. Used what I recovered to buy some calls in MSFT. Might have to sell it again tomorrow so not going to bother with the details of it.
BBRY wasn't moving much so I sold that off too. Bought a couple of contracts in HD at $110 strike and Apr 17 as the expiry date. Had some small cash on hand, so decided to play around with it and bought a couple of BBRY puts.
Sold off the 10 AAPL contracts for around 66%ish profit.
Re-establishing my call position though in AAPL on today's little dip. So I bought 14 contracts with strike price of 125.71 and expiry date of Apr 17, 2015. Their trend is still up. So why not make more money out of em~
The following user says Thank You to ZarethKnyght for this post:
Welp, took some small losses today with BAC and TD since the trend direction turned. Sold the contracts I had in both and also took profits from MSFT since it looked like it was consolidating.
Bought 50 BAC put contracts though at strike of $16 and expiry of Apr 17, 2015. Looks like OPEC wants Oil to go down a bit more and banks just seem to want to follow. Thankfully I've learned that it's better to take the small loss than wait around while opportunity passes by.
My capital has almost tripled since I started in January. Hopefully I can continue to make large gains through out the year. May Fortune favour~