Day 54

Market Recap

The market moved down today.

• SPY moved down by 5.81%.
• QQQ moved down by 6.09%.

Trading Update

• Closed META and NVDA Put Credit Spreads.
  • NVDA - Lost $275
  • META - Lost $276

Portfolio Status

And we continue to fall.

• Today's Change: -7.15%
• Year-to-Date (YTD): -30.19%
  • SPY (YTD): -14.23%
• All-Time: -41.21%

Here are the open positions.

Trade History

Here are my last 20 trades:

Plan for Tomorrow

Yesterday, I wrote I needed to manage my losses, and so I did.

I have a few trades that have reached my loss management threshold (>100% loss of premium received), I will look to close those.

I also hoped VIX did not go higher, but it did.

However, I am hoping VIX does not breach 35, because that would mean too much risk for me - I would rather just take the entire capital off the market and wait for VIX to crash a little down into 20s.

However, I don't think I want to close my Cash Secured Puts. I would prefer to get assigned and ride the storm. So I am going to let the existing CSP trades stand unless I need to free some capital up for a different opportunity.

One other idea I have is to switch to Selling Call Credit Spreads to carry me through the year - I am down by over 30% and it is going to require some serious luck to turn this around. My best case scenario is to just survive the year and not lose it all.

📌 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.