Day: 20 | Missed Days: 1 | Trades: 30 | Wins: 18 | Losers: 5 | Washes: 7 | Day: 2020 | Cumulative: 449
Straddle Initiative SCOREBOARD:
Day: 19 | Missed Days: 0 | Trades: 4 | Wins: 1 | Losers: 3 | Washes: 0 | Day: 0 | Cumulative: (144)
DIRECTIONAL Initiative SCOREBOARD:
Day: 19 | Missed Days: 0 | Trades: 10 | Wins: 3 | Losers: 5 | Washes: 2 | Day: -180 | Cumulative: 770
Neutral Initiative SCOREBOARD:
Day: 20 | Missed Days: 1 | Trades: 4 | Wins: 1 | Losers: 3 | Washes: 0 | Day: -1000 | Cumulative: (1668)
-=This Neutral Initiative has been officially discontinued due to poor performance=-
Account Balance: 96.4K (2 trades were not represented)
Results:
Yesterday I bought puts on CSIQ...got out early this morning, hence the following tip. It went only a tad to the downside. At least I got direction right. Lost $180. From Yesterday:
CSIQ is the only play for today: -22.6, -5.8, -15.4, 11, 15, 9.7, -10, good amount of put selling some buying, 1.23 debit, almost 10% move expected. Really no credit for a lizard though. So if want to play, must play directionally, going to play to the downside
Confirmation:
What I learned is that, YES, getting out early beats anything. Lost $180 on CSIQ but would have lost at least 270 if I waited until later in the day, well, there was also a flurry to go higher early on so IDK. Maybe it wouldn't have been quite so bed at the low afterwards...yeah, it would still have been $50 less than I got out with even at the lows, I just analyzed it. Time to wake up early often! I mean I already do that but stay awake a bit this time.
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AMBA -6.5, 1.55, -9.87, 8.61, -12.75, -7.2, -4.5, looks like downside is key, but after a string of losses it seems from the charts that a decline is already priced in and won't be severe if it does occur. Options statistics don't really help with this one, except there are more calls being traded, 4.85 straddle, 8% decline is priced in, nice Lizard obtained, 1:3.8 risk/reward...much better than normal
NAV -4.26, -1.62,-12, 16.5, 29, -0.89, -5.4, I say the chart indicates there's more potential for surprise to the downside than upside, market seems to be anticipating good earnings, 2.48 straddle, 8% move expected, options stats are middle market. Not enough credit. Going to stay out of this one.
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