Day: 7 | Missed Days: 0 | Trades: 11 | Wins: 5 | Losers: 3 | Washes: 3 | Day: 1850 | Cumulative: (337)
Straddle Initiative SCOREBOARD:
Day: 6 | Missed Days: 0 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: 0 | Cumulative: 320
DIRECTIONAL Initiative SCOREBOARD:
Day: 6 | Missed Days: 0 | Trades: 4 | Wins: 1 | Losers: 2 | Washes: 1 | Day: 1770 | Cumulative: 790
Neutral Initiative SCOREBOARD:
Day: 7 | Missed Days: 0 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: (1100) | Cumulative: 382
Results:
-AEO: 0.45->1.60 on the puts as it missed on earnings, Lizard obviously a wash. +1770
-SPX: did a nose-dive, lost entire premium for butterfly...it seems there's only 1 shot for the butterfly each market mini cycle -1100
-TGT: Lizard Success!: +$950
-URBN: Lizard Success!: +$900
Hints from today: Totally unrelated: the market has gone crazy because of allegations Trump, I need to better analyze and figure our my core volatility strategy, then automate it. I don't want to have my human frailty get in the way so much!! Use trailing stops or similar. Why not!!??
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Here are the names to analyze today:
CSCO
BABA
RL
WMT
CSCO 2.7, -5.5, 9.7, 3.1,-1.4, -4.8, 2.3,...it's too late for this one, market has already reacted to earnings, to the tune of $3 to downside...because I was late to the game and doing all these things after hours.
BABA -5, +4, -3.6, 4, 11, -2.6, 3...protect upside...options say nothing, straddle price is $6, 5% move going to use 5 for the call upside, 6 for downside ^^
RL -1.4, 11.9, -22.3, 2.8, 7.5, 4.1, -12; more activity on the call side to be sure, straddle 5.67--7.8% expected move. Definitely going to protect downside, let's try a lizard and a put, the Lizard is a good price, good value!
WMT: -4, -3.5, 3.5, -2.3, 9.7, 1.8, -3, 3, options prices provide no clue, straddle 2.3, 3% expected move. Don't know enough about this to make a decision...going to opt for a lizard with the upside protected
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