[New] AMZN, NFLX

Sold AMZN 397.5/392.5 put spread for 0.65 Sold NFLX 377.5/372.5 put spread for 0.93 I've got a little wiggle room here, so let's see.

[Update] AMZN, NFLX, PCLN, USO, GLD

My 3 put credit spreads all expired worthless, which gave me the max profit. USO and GLD are doing ok. Patterns still look good, so I just need to be patient.

[New] AMZN, PCLN, GLD

PCLN 1175/1170 Put spread for 0.7 AMZN 390/385 Put spread for 0.58 Bought GLD Jan 119 Put for 4.35 The two spreads both expire tomorrow. I have a little wiggle room, but any up-day either today or tomorrow should give me the max profit. I thought about buying NQ, but I prefer spread trades. I think gold will go to 1100 level.

[New] Sold 2 NFLX 360/355 put credit spread

I sold 2 weekly NFLX 360/355 put credit spread for 1.25 or $250 (2 contracts) less commissions. With options expiring this Friday, we'll see what it'll do.

My spread result

I happened to jump in when markets are in a reversal mode (isn't it always? :D).

PCLN went close to all time high, but then turned around, sold off very hard, making my spreads in the money. What's worse was I created another put spread 1175/1170 to offset some, but boy was I wrong. This added another $200ish loss.

AMZN acted great, but again, it turned around and ended up being a scratch trade.

NFLX was the only one that did well with a max profit.

I'm still holding USO. It's about -$125, but it's a long term position, so we'll see.

I'm overall about -$70 for the year. Good news is I was able to pull the trigger and I'm still surviving.

USO Apr 37 call

Bought 10 Apr 37 call. It's been a while since I actually long, especially out of money, options, but I like CL.

PCLN, NFLX, AMZN spread

Today I created 3 put spreads. -NFLX 355/360 PUT spread for 1.41 -AMZN 380/385 PUT spread for 1.21 -PCLN 1180/1185 PUT spread for 1.75 (less commissions) All expire this Friday.

NFLX / LNKD / CLtrade

I did the following trades this morning:

NFLX 320/315 put spread for 0.46
LNKD 235/230 put spread for 0.34

 With 1 day to go, I think these has a good % of expiring worthless.

I also sold CL 99 naked put for 0.3 which expires within 2 hours. CL is currently traded at 100.3. I'll see if I need to defend this or not.

(Update) all expired worthless with max profit.

2013 P/L

I'll update this post through out the year:

Update NFLX and TSLA

With my NFLX and TSLA weekly options expiring soon, I'm likely to collect all the premiums I wrote. My account is now at $10,207.8 with +$207.8 so far this year.

NFLX 305/300 put credit spread

Sold 1 305 Put
Bought 1 300 Put
for a credit of 0.61 (or $61 less commissions)

This weekly contracts expire tomorrow. It's currently trading at 310 and the stock seem pretty strong.

TSLA put spread

Today I got filled in as follows:

Sold 1 180 put
Bought 1 175 put
for 0.69 (or $69 less commissions)

TSLA is trading at 185 right now. I think 2 of 175/170 spread would have been nicer, but the stock breaking the all time high after consolidation, I think this is a good trade.

TSLA

Sold 2 180 Call
Bought 2 185 Call
for 2* 0.41 spread (about $80)

TSLA volatility picked up a lot recently. We're about $15 away and with the inflated calls, it makes to sense to sell. It's not much, but I like the probability with only 3 days left.

Forex traders who are profitable

Filling out TOS forex forms and apparently forex firms need to offer what % of their clients are profitable. I'm surprised that it's 30%+, which is pretty high.

Another interesting part of the above chart is the number of accounts. I've seen something similar when markets are going up.

I won't be trading forex, but opened it for the sake of it unless it's exotic pairs. I'd rather trade under regulated markets (e.g., 6E for euros).

Back

I'm back. During my time off, I worked on the psychology of trading. It took a while to figure out what works for me. I will share all the details I've been working a bit by bit.