Wednesday, June 12, 2013

My Options Account on June 12th, 2013 Part 2

Well, the market continued lower which really hurt my strategies.  I lost on almost all my options today.  Apple was the big loser going down 5.70 to $431.90.  I'm now in major loss teritory and didn't exit my position.  I'm taking a big risk and am in a state of "hoping" the stock goes back up by Friday.  Its not a fun place to be in but its a great company and I still feel okay about my 435/430 put credit spreads.  Overall I was down $878 on Apple alone.

Amazon stayed above my 270 strike price but I still lost $264 on my options since AMZN decreased by 3.18.

NFLX was my 2nd greatest loser.  The stock was down 6.82 to settle at 207.64.  I'm still in full profit position if the stock can stay above $205.  I lost a total of $318 on this position.

GOOG was down 7.83 to settle at 871.98.  Still looking okay.  Just need GOOG to stay above 865.  Lost $143 on my options.

My big winner was TSLA.  Tesla was up 3.20 to 97.67 and I made $515 on my positions.

Overall a really bad day.  My account lost $1,210 today.  I can easily get all that back and more if the market can have a positive day tomorrow.  From experience, that doesn't always happen so I won't expect the world.

Jonny

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