Bearish Trades (see bullish trades at bottom)

Trade 15: 

  • Symbol: VXX (S&P 500 VIX Short-Term ETN with exposure to VIX short-term futures)
  • Contract: Sold-to-open the $17, May 20th puts
  • Premium Collected: $1.56
  • Premium Sold: $1.06
  • Gain: 32%
  • Trade Type: Moderate/Aggressive

Trade 13: 

  • Symbol: LNKD
  • Bought to Open the April 29, $120 Put
  • Price paid: $12.15
  • Price sold: $12.66
  • Highest price sold: $13.37
  • Gain/loss: 5%
  • See blog here and here

Trade 12: 

  • Symbol: TSLA (TSLA)
  • Contract: Bought -to-open the $240 put
  • Paid price: $6.1
  • Sold price: $2.9
  • Gain/Loss: -52%
  • Trade Type: Aggressive
  • Directional bias: My bias is that the stock will go down
  • Time-frame: 1 week

Trade 11: 4/4/2016-4/5/2016

  • Symbol: PCLN (Priceline)
  • Contract: Bought -to-open the $1290 put
  • Paid price: $17.30
  • Sold price: $24.90
  • Gain: 31%
  • Trade Type: Aggressive
  • Directional bias: My bias is that the stock will go down
  • Time-frame: Overnight
  • See blog here for more analysis

pcln4.4

Trade 10: 3/29/2016-4/5/2016

  • Symbol: VXX (S&P 500 VIX Short-Term ETN with exposure to VIX short-term futures)
  • Contract: Sold-to-open the $18, April 15th puts
  • Premium Collected: $1.17
  • Bought to Close: $0.99
  • Gain/Loss: 15%
  • Trade Type: Moderate/Aggressive
  • Directional bias: My bias is that volatility will go up or stay flat
  • Trade Plan: Hold position until 2/3 or more premium has been realized but close or roll if  VXX goes below $17
  • Time-frame: 2 weeks or less

vxx18

Trade 9: 3/11/2016 – 3/29/2016

  • Symbol: VXX (S&P 500 VIX Short-Term ETN with exposure to VIX short-term futures)
  • Contract: April 15 $20 Put
  • Average Price Sold-to-Open = $1.63
  • Average Price Bought-to-close = $1.67
  • Gain/Loss = -2%
  • Note – I am bullish $VIX but have classified this as a bearish trade because I was bearish the market

VXXclosing20P

$VXX

Trade 8: 3/7/2016 & 3/9/2016

  • Symbol: $ LNKD (Linkedin)
  • Contract: Bought-to-open the  $122, March 18th Call
  • Contract: Sell-to-open the $118, March 18th Call
  • Entry Price: @ $0.92 and @ 1.66 for an average of 1.29
  • Gain/Loss: -20%
  • Trade Type: Moderate/Aggressive
  • Directional bias: My bias is that the stock will go down in the next two weeks
  • Time-frame: 1-5 days

Update on bear call spread (Trade 8)

  • This was a tough decision but I decided to take the trade off the table because it close on 3/9 right at resistance around between $119-$118. The reason I took this trade off the table was because the European Central Bank head Mario Draghi was schedule to outline his plan for interest rate cuts. This type of event causes a lot of volatility and with LNKD closing the day around resistance I didn’t feel like the risk/reward was in my fabor. It turns out this would have been a nice 100% winner for me but it still wasn’t worth rolling the dice. I took a 20% loss on the trade but (-$366) but managed to make up some of that with the day trades (+$223)

Trade 7: 3/2/2016-3/7/2016

  • Symbol: FB (Facebook)
  • Contract: bought-to-open the March $110 put
  • Entry Price: $2.62
  • Sale Price: $2.93
  • Gain/Loss: 12%
  • Trade Type: Aggressive
  • Directional bias: My bias is that the stock will go down in the next two weeks
  • Trade Plan: Take profits quickly/reduces losses quickly
  • Time-frame: 1-5 days

FB110

Trade 6: 3/7/2016

  • Symbol: AMZN (Amazon)
  • Contract: bought-to-open the March $575 put
  • Entry Price: $14.64
  • Contract: bought-to-open the March $580 put
  • Gain/Loss: 67%
  • Entry Price: $15.27
  • Gain/Loss: 43%
  • Trade Type: Aggressive
  • Directional bias: My bias is that the stock will go down in the next two weeks
  • Trade Plan: Take profits quickly/reduces losses quickly
  • Time-frame: 1-5 days

Update:

  • AMZN could still go lower but I’m happy to take both these off the table for a decent gain. Plus last night when I signed up for Amazon Prime and bought a bunch of stuff it made me question if I really wanted to be short AMZN!

amzn.sale

Day Trade 5: 3/8/2016

3/8/2016 – I started testing the short side as a day trade but got whipped out of my first position for a small loss but re-entered the trade at $117.50 and came out $200 on the day. I could have kept some overnight which would have been okay but because I already have a short position established it is better for me to take the gains off the table and let my other trade play out.

lnkd.trades

Day Trade 2: 3/9/2016

  • Shorted 200 shares @ $119.07. Sold to cover @ $118.10 (+$200)
  • Gain/Loss: 1%
  • Bought to open  LNKD 03/18/2016 117.00 P for $2.81 and sold to close  @ $2.62 ($-$114)

Trade 4: 

  • Symbol: PCLN (Priceline)
  • Contracts: Sold-to-open the $1310 call, and bought-to-open the $1330 call for May 20th
  • Premium collected: $920
  • Premium Sold for: $823
  • Gain: 10%
  • Trade Type: Moderate/Conservative
  • Directional bias: My bias is that the stock will go down or stay flat
  • Trade Plan: Scale out as the market pulls back. Possibly add too position or roll.
  • Time-frame: TBD
  • See blog: Priceline Short Idea for more analysis

PCLNtradedone

PCLN234

Update 3/11/2016

  • This week I’ve been day-trading PCLN for a gain of $1,800
  • My max loss on the PCLN vertical call (Trade 4) was $2000 but because of my successful day trading I’ve reduced my max loss to $200 and my max gain to $950

pcln

Trade 3: 3/4/2016-3/9/2016

  • Symbol: VXX (S&P 500 VIX Short-Term ETN with exposure to VIX short-term futures)
  • Contract: Sold-to-open the $21, March 18th puts
  • Premium Collected: $0.68
  • Sold to close: $0.32
  • Gain/Loss: 50%
  • Trade Type: Moderate/Aggressive
  • Directional bias: My bias is that volatility will go up or stay flat
  • Trade Plan: Hold position until 2/3 or more premium has been realized but close or roll if  VXX goes below $21.
  • Time-frame: 2 weeks or less

Update

  • On 3/8 and 3/9 I sold-to-open the $21, VXX March 18 puts for an average of $0.32 cents. I didn’t get the 2/3 profit I was looking for but am happy taking this off the table for a +50% gain.

vxxtrades

Trade 2: 

  • Symbol: SDS (Proshares Ultrashort S&P). This is a 2x’s inverse ETF which means that SDS will go up twice as much when the market ($SPY or $SPX) goes down, and visa versa.
  • Contract: April 15 $20 Put
  • Average Price Sold-to-Open = $0.81
  • Average Price Bought-to-close = $0.66
  • Gain/Loss = -6%
  • Blog analysis here and here.

SDSclosing3.30

Note: I’m using the SPY chart to show where I sold puts on SDS.

SPY1mon

3/11/2016 Update:

  • I bought-to-open 30 of the SPY $202 as a day-trade hedge against my long position.
  • I made $0.21 cents per contract ($650) which is equal to the amount that I have lost on the SDS trade.
  • Justification for the SPY trade: the market was showing strong signs of continuing higher and didn’t break below the opening support line, see chart below.
  • Trade Plan: If the market get to 2030 next will I may add to my SDS position.

spy.3.11

spychart3.11

Trade 1: 3/4/2016

  • Symbol: SPY (S&P 500 ETF)
  • Contract: Bought-to-open the  $199, March 18th put
  • Entry Price: $1.95
  • Trade Type: Aggressive
  • Directional bias: My bias is that the market will go down in the next two weeks
  • Trade Plan: Take profits quickly/reduce losses quickly
  • Time-frame: 1-5 days
  • Blog analysis here and here.

Monday 3/7 Update:

  • Sold 20 contracts @ $2.18 for a 12% gain
  • Bought 20 more contracts and sold at $2.34 for a 19% gain.
  • Scaled down  to half my original position because these options will decay quickly if I don’t get the move I expect soon.

Tuesday 3/8 Update:

  • I sold 10 @ $3.15 for a 61% gain, then scaled in and out of more contracts for a decent gain. I could have done better but I’m happy to take profits off the table and maintain my $SDS puts that I sold on 3/6 and 3/7.

SPY3.8chart

Bullish Trades

Trade 14: Combination of stock and options on VRX. Valeant Pharmaceutical. 

See blog here and here

14 (a)

  • VRX stock
  • Date: April 5-April 19
  • Gain: $1267
  • Avg. purchase price: $30.54
  • Avg. sale price: $33.42
  • Percent Gain: 10%

14 (b)

  • Sold to open VRX April 15 $32 put
  • Date: April 14
  • Gain: $109
  • Avg sell price: $0.77
  • Avg buy price: $0.61
  • Percent gain: 20%

14 (c)

  • Sold to open VRX April 15 $32.50 put
  • Date: April 15
  • Gain: $100
  • Avg sell price: $0.54
  • Assigned stock
  • Percent gain: 100%

14 (d)

  • Sold to open VRX April 22 $31 put
  • Date: April 18
  • Gain: $78
  • Avg sell price: $1.19
  • Avg buy price: $0.72
  • Percent gain: 40%

14 (e)

  • Sold to open VRX April 22 $32.5 call
  • Date: April 15-19
  • Loss: $183
  • Avg sell price: $1.45
  • Avg buy price: $1.84
  • Percent Loss: -26%

14 (f)

  • Sold to open VRX April 22 $33 call
  • Date: April 18-19
  • Loss: $40
  • Avg buy price: $1.69
  • Avg sell price: $1.44
  • Percent Loss: -17%

14 (g)

  • Bought to open VRX May 20 $30 call
  • Date: April 5-April 7
  • Gain: $1126
  • Avg buy price: $4.6
  • Avg Sell price: $5.96
  • Percent Gain: 30%

14 (h)

  • Sold to open VRX May 20 $35 call
  • Date: April 6-19
  • Gain: $20
  • Avg buy price: $4.94
  • Avg sell price: $5.22
  • Percent Gain: 5%

14 (i)

  • Sold to open VRX May 20 $35 put
  • Date: April 6-19
  • Loss: $115
  • Avg buy price: $5.93
  • Avg sell price: $6.94
  • Percent Loss: -17%

14 (j)

  • Bought to open VRX May 20 $40 call
  • Date: April 11-29
  • Loss: $100
  • Avg buy price: $2.11
  • Avg sell price: $1.24
  • Percent Loss: -41%

14 (k)

  • Sold to open VRX May 20 $30 put
  • Date: April 11-29
  • Gain: $233
  • Avg buy price: $5.45
  • Avg sell price: $7.84
  • Percent Gain: 30%

Trade 2: 

  • Symbol: USO (United States Oil ETF)
  • Contract: Sold to open the April 15th $9 put
  • Entry Price: $0.63
  • Trade Type: Conservative
  • Directional bias: My bias is that the ETF will go up or stay flat
  • Trade Plan: Take 2/3 profit after 66% gain, hold 1/3 to realize more gain closer to expiration or close/roll position if USO goes below  $9.
  • Time-frame: 4 weeks or less

Update: 

  • Bought to close USO @ $0.26 (59% gain)

Trade 1:

  • Symbol: XLF (SPDR Financial sector ETF)
  • Contract: Sold-to-open the March $21 put
  • Entry Price: $0.39
  • Trade Type: Conservative
  • Directional bias: My bias is that the ETF will go up or stay flat
  • Trade Plan: Take 2/3 profit after 66% gain, hold 1/3 to realize more gain closer to expiration or close on a pull back.
  • Time-frame: 4 weeks or less
  • See blog: Financials, a Positive Sign for The Market for more analysis on why I entered this trade.

Update: 

  • Bought to close XLF @ $0.17 (56% gain). These expired worthless and was a 100% winner for anyone who held through expiration

 

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