Day 25

The market was generally down today. SPY was down ~3% for the day. QQQ was down ~1%.

Trading Update

• Closed META $675/$670 Put Credit Spread

Portfolio Status

The account was down 4.5% today.

Here is the status of my open trades at the end of the day today.

Here is a Year to date view of the portfolio.

Trade History

Here are the last 20 trades I made.

Tomorrow's Outlook

I will continue to hold on to the open LEAPS.

Depending on how bullish I feel in the morning, I may risk selling another META spread. But I do not have much cash available, so it may instead be a risk trade-off in favor of selling a PUT or buying another LEAPS trade.

Speculation Zone

Alright so what has the last few days of consecutive drops shown me? A few things actually!

• Not having large positions on Credit Spreads helped with reducing how much hit I took when my bet was wrong.
• Being able to close a losing position out even when I have the conviction that market will bounce back from where it is today, because there is not enough time to let the bet grow back up again.

Disclaimer - Nothing on this site is financial advice, I aim to entertain!