My IB portfolio has been pretty volatile from day to day since the beginning of October. One day gains have been wiped out by the next day or two. I shouldn't be looking that closely to it. I haven't really adjusted any of my short PUT options, but some are ITM like short 2 PUT on $TD.TO. I wouldn't mind getting assigned and selling covered calls on them. But of course, I would be buying them at almost 52 weeks highs.
I need to be more active in the markets to make more money. Usually, I sit on the sidelines just watching... yesterday, I was very well tempted with making a play for $NFLX earnings. But of course, I hesitated and didn't make an option play.
Today, I am itching for a play. A play that hopefully will double my money. I bought a long CALL on $MSFT before their earnings on October 24th. Hopefully, my bet will be a good one and I can reap some rewards in it. Of course, I usually sell prematurely on my CALL plays... I hate losing my premiums and want to lock in my gains.
No one sees the real pennies working behind the scenes. I may seem lazy, but it's called being smart with my money.
Wednesday, October 17, 2018
Tuesday, October 16, 2018
ACB.TO & APH.TO down today, Oct 16, 2018
This may be done prematurely as I currently have PUTS expiring on both stocks for Oct 19, 2018, but they are OTM for now.
ACB.TO & APH.TO were down today. So I decided to sell some more PUTS on them.
SOLD 2 APH TSE Nov16'18 13 PUT @ 0.5
SOLD 3 ACB TSE Nov16'18 9.5 PUT @ 0.4
Friday, October 12, 2018
Massive Sell Off - Oct 10-11, 2018
Market correction in its wake? What a roller coaster ride October has been. I sold a few out of the money PUTS just before the massive sell off when I should have bought PUTS, but I didn't see it coming. Currently, I am still holding all my short PUTS. A lot of them are underwater right now deep in red. I am hoping today is the start of the market rebounding. But we could see more red days than not in the coming weeks or months perhaps?
Oct 3rd, I reached my all time highs in my IB portfolio of $205k! I am very heavily weighted in US tech stocks particularly in $AAPL. But the market decided to turn its ugly heads. I know a lot of people took advantage of the drop by shorting stocks and long PUTS. But I was stunned and I froze like always... I didn't watch the blood bath. I only looked at my portfolio at the end of day and saw the big losses that had incurred. Luckily, I have a lot of margin room to not get a margin call... and most of my short PUTS are expiring on Nov 21st.
Current Option Plays as of Oct 12, 2018
Oct 3rd, I reached my all time highs in my IB portfolio of $205k! I am very heavily weighted in US tech stocks particularly in $AAPL. But the market decided to turn its ugly heads. I know a lot of people took advantage of the drop by shorting stocks and long PUTS. But I was stunned and I froze like always... I didn't watch the blood bath. I only looked at my portfolio at the end of day and saw the big losses that had incurred. Luckily, I have a lot of margin room to not get a margin call... and most of my short PUTS are expiring on Nov 21st.
Current Option Plays as of Oct 12, 2018
TICKER | STRIKE $ | CALL/PUT | EXPIRY DATE | CURRENT $ | ITM/OTM | PRICE MOVEMENT | 52 WEEK HIGH | 52 WEEK LOW |
TSE:APH | $13.00 | 5 PUT | Oct 19 | $19.15 | $6.15 | -$0.55 | $24.75 | $6.31 |
TSE:ACB | $10.00 | 2 PUT | Oct 19 | $13.55 | $3.55 | $0.93 | $15.20 | $2.65 |
TSE:TD | $77.50 | 2 PUT | Oct 26 | $74.15 | -$3.35 | $0.04 | $80.05 | $69.21 |
NVDA | $242.50 | PUT | Oct 26 | $246.61 | $4.11 | $11.47 | $292.76 | $180.58 |
TSE:DOL | $38.00 | PUT | Nov 16 | $38.45 | $0.45 | $0.45 | $56.67 | $36.70 |
FB | $150.00 | PUT | Nov 16 | $153.46 | $3.46 | $0.10 | $218.62 | $149.02 |
MA | $200.00 | PUT | Nov 16 | $203.75 | $3.75 | $9.27 | $225.35 | $140.61 |
TSLA | $100.00 | 3 PUT | Nov 16 | $257.87 | $157.87 | $5.64 | $387.46 | $244.59 |
SQ | $65.00 | 1 PUT | Nov 16 | $74.21 | $9.21 | $5.13 | $101.15 | $31.44 |
LMT | $345.00 | CALL | Dec 21 | $327.51 | $17.49 | $1.38 | $363.00 | $291.52 |
AAPL | $215.00 | CALL | Feb 15 '19 | $221.31 | -$6.31 | $6.86 | $233.47 | $150.24 |
Wednesday, October 3, 2018
SOLD 1 $DOL.TO Nov16'18 38 PUT @ 0.65
June 30th 3:1 split to $52.86/share
Today's trade: Oct 3, 2018
DOL.TO trading at $39.74 per share
Premium collected $65 CAD minus $1.50 commission fee.
If DOL.TO is trading below $38.00 per share, I will be assigned 100 shares with an average price of $37.35 per share. If DOL.TO is trading above $38.00 per share, I will pocket 1.71% from this trade.
Today's trade: Oct 3, 2018
DOL.TO trading at $39.74 per share
Premium collected $65 CAD minus $1.50 commission fee.
If DOL.TO is trading below $38.00 per share, I will be assigned 100 shares with an average price of $37.35 per share. If DOL.TO is trading above $38.00 per share, I will pocket 1.71% from this trade.
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