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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


TICKERSTRIKE $CALL/PUTEXPIRY DATECURRENT $ITM/OTMPRICE MOVEMENT52 WEEK HIGH52 WEEK LOW
TSE:APH$13.005 PUTOct 19$19.15$6.15-$0.55$24.75$6.31
TSE:ACB$10.002 PUTOct 19$13.55$3.55$0.93$15.20$2.65
TSE:TD$77.502 PUTOct 26$74.15-$3.35$0.04$80.05$69.21
NVDA$242.50PUTOct 26$246.61$4.11$11.47$292.76$180.58
TSE:DOL$38.00PUTNov 16$38.45$0.45$0.45$56.67$36.70
FB$150.00PUTNov 16$153.46$3.46$0.10$218.62$149.02
MA$200.00PUTNov 16$203.75$3.75$9.27$225.35$140.61
TSLA$100.003 PUTNov 16$257.87$157.87$5.64$387.46$244.59
SQ$65.001 PUTNov 16$74.21$9.21$5.13$101.15$31.44
LMT$345.00CALL Dec 21$327.51$17.49$1.38$363.00$291.52
AAPL$215.00CALLFeb 15 '19$221.31-$6.31$6.86$233.47$150.24

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