SPY Apr/17'20 240 CALL

Position: 1
Cost: 1,850
IV: 60.5%
Underlying: 238.2

thoughts

It's gonna rally in this weekend. Call it is.

Closed at -865

Hedging against VXX Apr/17'21 60 CALL & SPY Apr/17'20 235 PUT

Total loss: -274.5

Tag(s): LONG options CALL .5K loss Index ETFs SPY

斟酌鵬兄

Fri Mar 20 2020 13:24:12 GMT+0000 (Coordinated Universal Time)

Last modified: Wed Mar 25 2020 17:36:29 GMT+0000 (Coordinated Universal Time)

2 Notes 7 blog

Comments

Pre-market: Down to 239 now. Loss 99 currently. Will sell today.

斟酌鵬兄

1:25 PM Mar 2020, 20 Fri

wait, I think I fucked up. Should sell at open...

斟酌鵬兄

1:41 PM Mar 2020, 20 Fri

ok, if today's not going up I'll cut loss.

斟酌鵬兄

1:45 PM Mar 2020, 20 Fri

oh wait, it's already at 239 pre-market. If I sell at open I'll loss LOL. Now I wait.

斟酌鵬兄

1:47 PM Mar 2020, 20 Fri

oh, I'm getting IV crush now. Lessons learned. But still I'll hold it till the end of this day and see what happens.

斟酌鵬兄

2:48 PM Mar 2020, 20 Fri

-531 now. Should I cut loss?

斟酌鵬兄

4:10 PM Mar 2020, 20 Fri

TIL witching, which refers to instruments exercising at the last hour. Glad I didn't panic sold. I've learn so much today. This day trading practice is both refreshing and exciting!

斟酌鵬兄

6:45 PM Mar 2020, 20 Fri

-696 now. 3 min from the last hour...

Really hoping to gain for this contract. It would make this my first call contract to gain. If this loses I hope I wouldn't loss much.

斟酌鵬兄

6:57 PM Mar 2020, 20 Fri

5 minutes in and I am sitting at -717 ... looks like it's still tanking?

斟酌鵬兄

7:06 PM Mar 2020, 20 Fri

30 minutes in, looks like it is now starting to rocket. Hmmm..

斟酌鵬兄

7:30 PM Mar 2020, 20 Fri

15 minutes left, the chance of winning looks abysmal now.

斟酌鵬兄

7:45 PM Mar 2020, 20 Fri

Ten minutes left, it's now tanking below 230.