Day 28

The market was down again today, yesterday's slight move up was an aberration in the past 7 days. SPY went down by ~1.6% and QQQ moved down by ~2.8%.

Trading Update

• Closed open META credit spread 3 minutes after the market open, seeing that I had received ~80% of the original premium.
• Closed open SOFI Puts since I wanted to free up some cash that was locked away due to the 2 Puts on SOFI I had open.
• By the end of the day, both the above moves looked really good in hindsight. META was down over 2% and SOFI was down ~3%. This is the strategy for which I started this journey. 1% strategy, 99% luck!

Portfolio Status

The account went down by -4.5% today. My account value now is lower than I had started this journey.

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.

The AAPL and KO protective Puts I bought are all showing returns over 50%. But I have no intention to close them. Those are my storm protectors, not really for slightly windy conditions that the market currently seems to be under.

One thing I noticed is how I fared with respect to the 2 popular indices I track, for YTD returns. Looking at the stats today:

• I am down 1.46%
• SPY is down 0.6%.
• QQQ is down 2.5%.

Which means a buy-and-hold perhaps would have led to the same amount I started with, but without the unnecessary risk that comes with trading options.

Speculation Zone

I think there may be some green in stocks tomorrow just because they have not moved up at all in the last week. I suspect the AI hype and post-election (US) bump is now over, and market has done the correction that was necessary. Exciting times!

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