Performance & Review in Mar-Apr 2016 (Apr 16 Expiration)

It has been awhile since my last post due to my work commitment overseas. While I am still closely following the market and trade, I couldn’t allocate much time to consolidate the thoughts and post it in my blog. Hence, I would exclude those few winning trades from reporting in live trades section. 

There were total 3 trades opened and reported on 10 March. No adjustment was done throughout the life-cycle of the options. All these options matured last Friday during the expiration Friday.

Performance in Mar-Apr 2016 (Apr 16 Expiration)

  1. AMZN Bear Call Spread: $350 per contract in 38 days.
  2. LNKD Bull Put Spread: +$115 per contract in 38 days
  3. WYNN Bear Call Spread: $400 per contract in 38 days.

Refer here for original post and lesson learnt in the following screenshots.

AMZN – There are 3 opportunities for me to close the position with a profit rather than taking the max loss. However, I missed these 3 opportunities probably because I was busy traveling and only rely on mobile apps which may not be ideal in reading the chart.

The good thing is whenever I open a position, I always ensure I am comfortable to take the max loss. Hence, I am moving on as a better trader without much pain.

Screen Shot 2016-04-17 at 12.37.57 PM

WYNN – Quite similar to AMZN. There are few chances to salvage the position or taking profit prior options matured. Anyway, let’s learn the lesson and move on stronger and better!

Screen Shot 2016-04-17 at 12.38.40 PM

All trades are blogged and you can refer here for detail.

For mobile readers,  click here to follow my post. 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s