Sold UAL Dec ITM calls on pop.
Sold UAL Dec slightly ITM calls on more pop.
DECK is strong on upgrade yesterday.
Account some plus, recovering yesterday's loss. USO is at its low again, need to think about closing. Hoping for crude future going down to $90, wish it happens quick. Thought S&P 500 is going down below 5MA daliy, but as always it came back up. Hoping for a shakeup in November, if not soon then on FED minutes release.
This Friday would be fun if S&P stays 5MA daily, holding so many Nov call options sold that expires this week.
Would not be surprised if you saw $90 but only for a day and then a return towards $100. Last few trips (and it has been a while) sub-90 haven't been long-lived. Oil seems to be a tough trade right now because what has worked in the past isn't working anymore. Something to stop the DXY rally will help oil - just not sure what that catalyst might be.
That's OK. I care. Putting the trade journal out helps me to review the trades, plan for next day and also think twice before trade avoiding silly trades. Of course thinking twice also means missed trade opportunities but missed trade is much better than wrong trade.
My trading during the period with daily trade journal has been great and steady, it's like a dream coming true and sometimes I cannot believe it myself. When things are good, I don't change the way I do things.
With gain this year, now I can write more OTM calls and more longer term calls rather than shorting shares, less profit but more chances for profit. I just have to get the habit of seling VXX calls on a daily basis which somehow I cannot get used to after VXX drops from spike.
Good luck trading...