Day 45

Market Recap

The market moved up today.

• SPY went up by ~1.68%.
• QQQ went up by ~2.05%.

Trading Update

Last week, I wrote that I wanted:

...to keep a little bit of cash in case VIX shoots a little more higher and I want to sell another Put to get some premium

VIX actually went down today and the market rallied up, so I did the opposite:

• Closed QQQ $440/$435 Put Credit Spread, realizing a 6% gain on risked capital in 5 days (closed at ~48% of original premium)
• Closed AMZN $175/$170 Put Credit Spread, realizing a 12% gain on risked capital in 6 days (closed at ~57% of original premium)
• Opened QQQ $535/$525 Call Credit Spread, at 11∆, 39 DTE, receiving a $95 premium.
• Opened AMZN $240/$235 Call Credit Spread, at 13∆, 39 DTE, receiving a $80 premium.

Portfolio Status

• Today’s Change: +3.1%
• Year-to-Date (YTD): +2.22%
• All-Time: -13.92%

YTD comparison: SPY is down -2.72%, while my portfolio is up +2.22%. I am still ahead compared to SPY.

Here are the open positions.

Trade History

Here are my last 20 trades:

Plan for Tomorrow

Most of my open positions are over a month out. I will most likely wait unless some event requires me to manage the existing positions.

I am trying to find other trading platforms where I can automate some of the techniques and remove my emotional state from the equation. Specifically, when it comes to Spreads, I want to establish an automation where I can set exit criteria when I setup a trade, and so the platform does the management of the position while I focus on trying to find winners and choosing entry point. Fingers crossed.

📌 Disclaimer: Nothing on this site is financial advice—I’m just here to entertain! Here’s my introduction, my trading philosophy, and some ground rules.