I'm back and making trades again. My account balance currently sits at $14,918. I'm already up about $300 on the day. I'm not going to list all the specifics of my trades but I will make suggestions and will advise what I'm doing in general for each stock. Today marks a very critical day in American history. Investors have panicked and the stock market decreased last week and is down today. We are on the verge of a government shutdown if an agreement can not be made by midnight tonight. I don't have all the details but my feeling is people are overreacting to this news. If an agreement is not come to, which is the expectation, I don't think the market crashes. It may head lower initially but I envision a rebound the same day or later in the week. This is a great situation for my trades as I am selling put credit spreads again. I'm focusing on stocks that are very strong (AAPL, TSLA, GOOG, PCLN, NFLX, AMZN, MA, BIDU and HLF). The increased volatility in the market has pushed premiums of these options up and I'm trying to limit my risk by selling put credit spreads well out of the money. These are all weekly options expiring at the end of the week. As the stocks move higher I'll start selling the call credit spreads as I also don't think the market increases substantially. There's always a risk of the market moving largely one way or the other but I'll bank on the expectation that it won't.
Some of the trades I have done so far:
AAPL $478.90 465/460 put credit spread
GOOG $879 855/850 put credit spread
HLF $70 67/65 put credit spread
MA $676 655/650 put credit spread
NFLX $309.50 295/290 put credit spread
PCLN $1010 980/975 put credit spread
TSLA $194 180/175 put credit spread
I entered all of these earlier today and my account is now up just over $300 on the day. Tomorrow will be key in my account's success this week.
Jonny
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