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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 (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."