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AverageJoe's Options Journal

Discussion in 'Trade Journals' started by AverageJoesTrades, Apr 18, 2019.

  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Alright, lets get this journal back and see if I can re-create the magic.

    Starting new for 2020 with $208.38.
    Just picked up 5 1/10 60.5 XLE PUTS @ .32 right at the close
     
    BermudianOption likes this.
  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Moving stop to BE @ .32

    Edit: Hit 50% - moving stop to 25% @ .40
     
  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    stopped out @ .40.

    New balance $253.32
     
  4. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    wow, sold way too early. Should've just held - puts up over 100% @ 10:30
     
  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Just bought these:

    3 XLE $58.5 1/17 Puts @ .21
    2 IWM $168 1/17 Calls @ .40
    3 VXX $13.5 1/17 Puts @ .18
    1 XBI $99 1/17 Calls @ .49

    Buying Power Left Over $7.32
     
  6. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Sold all of these throughout the day for an 11% gain. Mixed bag

    Bought 1 AGTC 1/17 $7.5 PUT @ .50 - calling pump n dump

    up to $269.20 EOD today.
     
    TomB16 likes this.
  7. TomB16

    TomB16 Well-Known Member

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    11% gain on the day sounds above average to me. :cool:
     
    AverageJoesTrades likes this.
  8. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Bought from Friday TLT Calls on Tuesday and sold Wednesday Morning. Was holding XLB and just closed for a profit.
    Screenshot.PNG
     
    T0rm3nted likes this.
  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Whew, had to have some steel hands this morning. I bought JNUG calls over the weekend and should've bought them at the open this morning! I ended up selling at 50% gain, but only had 75% of my capital invested.
    IMG_4539.PNG
     
  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Bought a FB call for next week last night and sold at the open today for a small gain.
    IMG_4542.PNG
     
    BermudianOption likes this.
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    well, this has been quite a week. I was 1 play away from blowing up my account. I played some IYR puts over the weekend and got absolutely wrecked when I doubled down on Monday and Robinhood wouldn't let me sell b/c of pattern day trading. So I had to hold them into Tuesday and got more wrecked. Wound up with just over $108 (the lowest part of the graph) and purely gambled on FB puts (207.5 1/31 puts @ .86) and sold them after earnings for 4.00. Then bought NUGT calls at the close yesterday, but only got filled on $175 of my $400 and sold them for 50% gain today. I then put all of that into 2/21 VXX $13 puts averaged in at .13246 and holding these over the weekend.
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  12. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Still holding my VXX 13.5 2/21 PUTS. They were down a penny yesterday, but should be pumping today. I went about 1 strike too far OTM with how high the IV was on these puppies.

    I'll post up when I sell them - possibly today b/c I got an unusual option flow on a company reporting earnings on Thursday that I want to throw a couple $$$$ at
     
  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I've mostly been treading water this week. I sold out of my VXX puts on Tuesday and went into IYR calls which did not pan out and lost around $80. I literally had a decision between VXX puts/SPY calls/IWM calls/XLV calls/SMH calls and literally picked the only loser in IYR. I picked up some XOP calls yesterday with only $100 and completely reversed on me. My unusual options flow detected flow on SKX $42 2/21 calls which they crushed earnings. Picked up some 2/14 GLD calls expecting bad virus news tomorrow/this weekend.
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    T0rm3nted likes this.
  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Sold my SKX calls this morning at the open @ 2.15 for just over a 100% gain. Also sold my GLD calls @ .74 this morning on the sell off. Still holding XOP for .04 cents :p - they will expire worthless. Should've thrown more capital at the SKX earnings, but can say that in hindsight. Watching a couple players for this weekend, but here we are as of 11:00 today.
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  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Hit an absolute grand slam this morning on an unusual options flow for SHOP earnings yesterday. Someone laid out 73K on some 2/14 $565 Calls yesterday at 3:31 @ 2.70 while the stock was trading at $493. I piggybacked on this since it was unusual - above the O/I - and at the ask. Although I only put in 1 contract @ 2.70, which I sold this morning for 22.00 after robinhood was stuck at .01 for 3 minutes.
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    BermudianOption likes this.
  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I missed XLE puts from my strategy on Friday due to a happy hour at work. Missed an easy 4-5 bagger.

    Watching USO puts and UNG puts. I think the pain might keep up for another day.
     
  17. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    well this trading journal has come to an end. Based on Robinhood being completely down on Monday 3/2/20 and most of the day Tuesday 3/3/20 I have moved all of my funds out of the brokerage. I luckily did not have any plays over the weekend - and couldn't get into any trades yesterday, so I got out unscathed - unlike many other people. The only issue is that now I have to wait 6 days for the funds to clear into my Interactive Broker's account.

    I will start a new journal for my Interactive Broker's account as I will now be combining the $2K I had in my IB account and the $2,767.36 from my Robinhood account. My new Interactive Broker's journal will probably be a mix of options as well as futures plays. Hopefully someone enjoyed this journal and will follow along with my new journal.
     
    BermudianOption likes this.

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