Day 7

I am having a difficult week at work. Lucky to have a few good trades going though, this trading experiment is serving as a good escape from my day job so far for me.

Portfolio Overview

• Market Value: $12,000
• Cash: $12,000
• Options Collateral: $500

Today's Trades

• Closed META Put Credit Spreads
  • Today META just took off, with over 2% gains. This took my Put credit spreads over my original profit target. I waited to see where it went for the first couple of hours after open, and then ended up closing both my open META positions.
  • Closed $590 / $580 first, with a final net profit of $103 (10.3%, since I risked $1000) in 4 days.
  • Closed $575 / $565 next, with a final net profit of $64 (6.4%, since I risked $1000) in 4 days.
  • Entry log:
    • $575 / $565 Put Credit Spread
      • 10 delta option
      • Received $98 premium
      • Potential 9.8% return
      • Maximum risk: $1,000
    • $590 / $580 Put Credit Spread
      • 15 delta option
      • Received $160 premium
      • Potential 16% return
      • Maximum risk: $1,000

Ongoing Positions

Microsoft (MSFT) Trades

• $420 / $415 Put Credit Spread
  • 13 delta option
  • Received $45 premium
  • Potential 9% return if trade succeeds
  • Maximum risk: $500

Palantir (PLTR) Trades

• PLTR $50 Put, Expiring 1/31
• Hedge
• Potential Strategy: Let it expire, or roll for another month if I own a CSP or get assignment

History View

Here are my most recent trades reflecting the above positions in a spreadsheet format.