I do live trading on my Twitter and would like to post the real option trades that I am doing, and what my current watchlist is. Follow along on my journey to $1 million.
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Options This Week: (+62.5%)
Wednesday's session gave us our first green day for the week, yet I still played it cautious with my day trading options. I opened 3 totally and 2 of those finished profiting. I'll be waiting for tomorrow to see whether or not AMGN will bounce. If not, I'll cut the loss. So far it is only down 18%, which isn't all that bad and mostly just decay.
My entire portfolio, including my long term buy and holds, swing trades and options finished up 3.32% today. Semiconductors rallied hard, and my SOXL finished up more than 8%.
I'm not in a rush to jump into more short term options right now, although if I see something present itself, I'll be taking it. My style of trading has always been focused on the long term, then swings, and last short terms options. During a choppy market like this week, there is more to lose than to gain from weeklies or monthlies, so I tend to keep it light. This is simply my risk management style. My advice is to get your long term, buy and hold, portion of your portfolio set straight first before you worry about short terms. If you have $10k and are using it entirely for short term options, the probability is that it will not be a viable, sustaining strategy. I'd put AT LEAST half into long term buy and holds first, in order to support your account and take more risks with weekly options.
I try to be as transparent as possible! If there is a way that I can improve and/or be more transparent, please send me a DM or email suggestion. This is an intermediate to advanced stock investing channel. I am not only focused on options, or short term plays to make a quick buck. I am only doing what I would normally do and documenting the my journey. I'm not asking for anyone's money or a VIP subscription service. You are responsible for your own account.
Short Term Options to Consider: (remember follow on Twitter for actual trades I'm doing)
AAPL: 5/7 $135c at $2.90 - Down in the after hours, but hitting support. Will be watching closely at open to see if it bounces on short term support or not. Overall, still bullish on AAPL.
BYND: 4/30 $134c at $2.50- In the middle of completing a double arch and looking as if it will bounce on support as it has tested and bounced several times recently.
TDC: 5/21 $50p at ?.??- Considering the +32% in after hours trading off of the positive results from its earnings an overreaction. Will be watching to see if it corrects back to around $45-$50.
More in depth analysis and explanation in the YouTube video.
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