AAPL crashed down breaking the main support around $92 this morning. As a result of this ‘mini crash’, my existing AAPL position (Bull Put Credit Spread) was challenged! There are few ways to repair this position. After considering all factors, I have chosen the most aggressive method, which is to close my sold leg (Refer trade highlighted in green in the screenshot below) and let my bought leg run. I subsequently close my bought leg (Refer the first two trades highlighted in red in the screenshot below).
Sell in May and Go Away. If you are bearish and you would like to execute this trading idea, there are several methods you can use. In this post, I will reveal two frequently used methods to ‘short’ the market. However, if you are unsure, stay calm and do nothing! A lot of time, doing nothing can save us a lot of money!
April has been a very hectic month for me due to my work commitment. Though I did not have a chance to share individual trades with detail analysis that I opened after 15 April (15 April is Options Expiration Friday), I do intend to share all the positions that I initiated/closed from 15 Apr until last Friday.
We are currently in earnings session and over the past few weeks, earnings news streaming in everyday and those who trades earnings should enjoy adrenaline rush. What if you have bought a Put (betting the stock price down) on Google shares? You should be laughing to the bank. What if you have bought a Call instead? You may have lose all your premium paid!
Continue reading “Earnings, to trade or not to trade? Part 1”
Let’s continue this interesting trade! I did a roll on Friday. You can refer to Original Trade here.
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. Continue reading “Performance & Review in Mar-Apr 2016 (Apr 16 Expiration)”
I was in Seoul, Korea over the last few days. It was a great trip except I strained my leg after walking almost half a marathon distance in a single day to cover few significant spots in Seoul.
Continue reading “Korea and Price Arbitrage (Part 1)”
Today is Mar 2016 Monthly Equity Options Expiration Friday. My result as per below:-
Performance in Feb-Mar 2016 (Mar 16 Expiration)
As mentioned in one of the previous post, my view of the market is short term bullish and long term bearish. Base on Fibonacci retracement, $204.5 should be the next critical resistance level for SPY. However, FOMC meeting on Wednesday will decide the direction of SPY.
Trade #7 – WYNN -> Captured credit $1.00. As long as WYNN does not trade above $90 on 15 Apr 2016, I will make $100.