Today was an interesting day. I was assigned on 200 shares of PCLN from my 970 puts that I failed to exit on Friday and the stock was down all day. I sold the shares right after open but took a $1,300 loss on those shares. Not a good way to start my week. I put on my positions and ended the day up $229 on my options but overall I lost $1,082 on the day. Here are my current positions:
AAPL $468.07 2 455/450 put credit spreads; 2 475/480 call credit spreads
AMZN $269.69 1 290/285 put credit spread; 1 305/310 call credit spread
GOOG 885.50 1 865/860 put credit spread; 1 900/905 call credit spread
HLF $66.20 6 64/62 put credit spreads; 4 66/64.5 put credit spreads; 6 70/72.5 call credit spreads
PCLN $958.02 5 960/955 put credit spreads; 3 980/985 call credit spreads; 2 990/995 call credit spreads
TSLA $147.95 2 144/142 put credit spreads; 1 144/143 put credit spread; 1 155/160 call credit spreads
So this week I put a good majority of my funds into HLF and PCLN. If Priceline can stay between 960 and 980 I will make a very large return. I sold the 960/955 put spread for an average price of 2.00 so this would be a 66% profit if the stock can close above 960 on Friday. They had a very good earnings report but the stock has run up really fast. I am nervous about this strategy but the stock has been so strong I would expect a positive week from here.
HLF has been stuck around the $66 price so I sold some calls well out of the money so I can take advantage of this tight range. I'm really hoping for a positive day in the market on Tuesday to get my account up a lot. If all goes well this week I'll turn the $4,000 I started the day with into $6,800.
Jonny
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