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Journal of a "puts" day trade in SPY options


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#1 diogenes227

diogenes227

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Posted 29 January 2018 - 05:29 PM

Started this day trade based on SPY at the open.

 

Each of the updates in blog entry were posted on Twitter throughout day in a fairly timely fashion.

 

From the link:

 

 

FINAL UPDATE: the last entry in the puts rode the sell off to the close, netting approximately 55%, $5,500 per $10K in the trade. So the disappointing, even with the first stop loss, day in puts turned out to be just fine. See final updated chart below.

 

For the updates and the chart:

 

DAY TRADING $10k IN SPY OPTIONS


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.