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Sorry to read that. I hope you feel much better ASAP.
Close enough to 10 positions that need to be actively managed. That's just right for me.
Position Update:
BOIL @ $2.34
EDIT $10 6/16 C @ .30 - I like the potential
GLD $183.50 P @ .68 - Very speculative but if gold flushes tomorrow this will explode
GLD $183 6/16 P @ $1.63 avg. - I love the potential of this one
JFIN $7.50 7/21 C @ .15. This is already a big winner, it's already doubled since I bought it a couple days ago; decent fundamentals and sweet techncials. I plan on adding in dips
OLED $150 6/16 C @ $3.30 - I like
WW $7.50 6/16 - dead $
VKTX $25 7/21 - I like this one a lot
YEXT $10 6/16 C @ .25 & $10 7/21 C @ .40 My second least favorite, I may cut it tomorrow
YOU $25 7/21 C @ $1.60 - I like the company & business model. Price action has been trashy though which is why I bought the time, options that expire in 7 weeks, instead of the near term options I usually buy
BIG is on my shopping list. It's a piece of trash, pure technical play. I think a good entry in calls will be handsomely rewarded. I'm eyeing the $7.50 6/16 and/or 7/21 calls
In YOU $25 7/21 C $1.60
Cut AXSM $75 6/16 C flat
In OLED $150 6/16 C $3.30
Out the rest QQQ $353 6/2 C $2.03 from $1.54
I should be around most of power hour. My virtual appt went a lot faster than I expected. I have another in person appt. @ 4:30.
Out some more QQQ $353 6/2 C $2.00 from $1.54; Half left
Out some QQQ $353 6/2 C $1.82 from $1.54
Sure thing my good friend. See you soon :)
I'll be around sparingly, if it all the rest of the afternoon as I have personal business to attend to.
I cut my first batch of QQQ calls from this morning way too soon. They nearly tripled. I'm comfy scaling in but need to increase my comfort level scaling out into strength. The profits just came so fast I just instinctively snatched it. It's a bad habit though that frequently leads me to leave waaaaaay to much $ on the table.
Ingrained habits are hard to break but I'm aware of it, and working on it, but I clearly need to do a much better job scaling out in pieces, especially when the trend was obviously super strong as it was right after I bought the QQQ calls.
In QQQ $353 6/2 C @ $1.54
In GLD $183.50 6/2 P @ .68
I like what I see in gold so far. I'm adding some super speculative GLD puts that expire tomorrow on the next pop.
Yea 1 bearish RAMBO on 1 TF is one thing but multiple on MTF definitely substantially increases my conviction. Still though, as you astutely noted it can very easily explode over $2K. The longer it hovers near it, the greater the risk of that.
That's the risk/reward that needs to be carefully measured. We'll see but I think I finally may have gotten a decent entry as you did also.
I hope I didn't just jinx us both! lol!
Couldn't resist! So many bearish RAMBOs on MTF @ the key $2K level.
Added again GLD $183 6/16 P @ $1.63 avg.
Last add GLD $183 6/16 P, $1.70 avg.
Cut GLD $183 6/9 P @ $1.05 from $1.34
Yea I need to get better at that also. Recognizing it as an issue is a key first step.
$1.77 avg. GLD $183 6/16 P
In GLD $183 6/16 P @ $1.82. Same thing I did yesterday. Taking advantage of the better entry to snag less risky puts, that expire a week later, 6/16.
So I have both YEXT 6/16 & 7/21 C.
In YEXT $10 7/21 C @ .40
I'll try to post as close to real time as possible but please remember I'm not a robot. I'm managing multiple positions AND posting charts.
That is why I posted my positions & what I'm looking for this morning. I hate posting my trades so late after the fact but it's going to keep happening. I will continue to try my best to share my game plan before I enter trades, again like I did this morning so posting my trades late almost becomes moot.
In EDIT $10 6/16 C @ .30
Out QQQ $350 6/2 C $1.70 from $1.19
In QQQ $350 6/2 C @ $1.19
Stopped out of both BOIL & NG sorry for the late notification. I just reloaded BOIL $2.34.
Couldn't be much closer! Literally 1 blue bar @ the top on a small TF is keeping me in. I still might cut it. $1995 is now a major pivot. Same plan, if it gets there again and I don't see pro bars or bearish RAMBOs, I cut.
If yesterday's high breaks in gold w/o blue bars or bearish RAMBOs and I'll concede defeat and move on.
Cut other GLD P positions, no need for 3 of them:
GLD $182.50 6/2 P .58 from .96 & GLD $182 6/9 P .93 from $1.15