Lizard Initiative SCOREBOARD:
Day: 13 | Missed Days: 1 | Trades: 20 | Wins: 11 | Losers: 3 | Washes: 6 | Day: 3210 | Cumulative: 8889
Straddle Initiative SCOREBOARD:
Day: 12 | Missed Days: 0 | Trades: 4 | Wins: 1 | Losers: 3 | Washes: 0 | Day: -150 | Cumulative: (144)
DIRECTIONAL Initiative SCOREBOARD:
Day: 12 | Missed Days: 0 | Trades: 5 | Wins: 1 | Losers: 3 | Washes: 2 | Day: 20 | Cumulative: 500
Neutral Initiative SCOREBOARD:
Day: 13 | Missed Days: 1 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: 0 | Cumulative: 382
Results:
TOS updated and gave a bit of a scare today as positions were not showing.
ANF straddle: -150, def a loss.
HPQ: put +24 result. Definitely a wash. It moved in my direction at least :)
NTAP: Success! +$950, went in the protected direction but not fully.
DLTR: Success! +1040, went in unprotected direction but not by much
MDT: Success! +920, went in unprotected direction though, not very far
BBY: Wash: went in protected direction as expected, but there was a good credit on that side still of $300...basically this wash is a success as well, because the only thing which is not a success is when the trade goes to the dangerous red zone of course.
Lizard results: around ~25K risked for: 3210 gain overnight...not bad!
Honestly I really want to start getting these results in real life. They are extremely exciting, and can revolutionize my life financially, on my terms, little overhead, not too much work, massively scalable methinks. It would give me confidence that I can henceforth only dream about because the results would be there. Of course there'd always be an underlying fear that eventually there'd be a string of losses which would entirely wipe me out, so capital would need to be "hoarded" for this time, or risk--and hence returns--reduced when a critical mass was obtained. I would be able to realize my dream of starting a hedge fund after a year or so of this because I would have enough funds for the legal documents, the accounting, etc. Of course other strategies need to be developed, this cannot be the only one. But it is highly profitable in the short term at least. Anyway, enough jabber. I've gotten excited about strategies before only to see them not work or flub. Remember the vix futures fluke? quite silly of me ^^
Let's get to work and keep up the trading.
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COST 1.63, .15, -5.7, 1.6, 3.7, 3.5, 2.5, -4.6, risk is to downside, COST is at highs as well, $5 straddle, 2.9% move implied, lizzard
DECK -4.3, 3, 7.3, -1.84 (down 13% initially though), 8.22, 4.2, 6.7, -19.17, Wow, have to protect downside. Straddle: 4.85, 8.55 EXPECTED MOVE
GME 6.1, -8.8, -4.3 (-15 initially), -4.6, -4, -10.2, +7.5, -15.6...have to protect downside, 2.30 straddle, 9.8% implied move,
MRVL -28.5, -5.6, 11.6, +.6, -.07, 9.76, 1.5, it's at highs, I bet this is indicative of it going up, but must protect downside, $1 straddle, implying a 5.9% move...there's no credit here. No trade...check to see if some calls would have made money tomorrow though.
SPLK -5.1, -2.2, -3.6, 7.33 (12.6 initially), 2.6 (-5.2 initially), -11.22, (8 initially) barely anything, -3.6, protect downside , the massive rally occurred after a major drop in the stock's value, currently we are near the highs of the range so we shouldn't expect a similar rally. $5.05 straddle, 7.4% expected move...this is a great trade actually, great trade.
ULTA -2.3, -.6, 11.3, 14.7, 19.3, -6.2, -1.6, 4.5 protect upside, straddle costs 20.4, 6.9% move expected, great trade
VNET -6.1, 7.2, -3, 2, 6.8, -14.3, 2.5 (down significantly initially though), -25.7 if there's even any premium here, protect downside. It could possibly rise meteorically as well. So :/, 8% move expected, no credit or volume for the matter