As I mentioned in the last month’s report, I had some open Straddle, Vertical positions that I was pretty sure would be losers. Those positions were closed in June and really dragged down the overall PNL. On the bright side, shorting Single Put strategy has been consistent for the most part. One mistake I made […]
It’s time to report my options trading for May 2020. May 2020 was a pretty exciting month overall. Even though I finished the month with a positive PNL, there are a few open positions that are deeply negative. I opened some straddle options that I don’t normally do expecting the market to stay put for […]
I know this is a cliche and probably a lot of people are already doing this but I have decided to share my monthly options trading results for a year. I am hoping that this will make me a more disciplined trader now that the public can see and critic what I am doing. I […]
A couple of options trading ideas for the upcoming week. As always, I wrote these ideas for my own record-keeping to summarize my thinking and as a way to communicate with other options traders to exchange information. It is not financial advice or solicitation. Please do your own due diligence if you do decide to […]
VIX is very high right now and trading VXX and UVXY alone seem to be a pretty dangerous thing to do (at least from my own perspective). I decided to venture out and looked for some ideas that could also benefit from the higher VIX. In other words, I looked for ways to profit from […]
After testing out the gap strategy with SPX, which did not work as well as I hoped for, I have decided to get back to the basics. Trade what I know works the best. I keep breaking my own rules by trading unfamiliar stocks and I feel like I am just going in a circle. […]
When I tell people that options trading is not gambling, some laugh. Especially those who do not understand how options trading work. News only reports someone who lost a large amount of money trading options and nobody talks about someone who makes living on options trading, because it’s boring. In this video, I explained why […]
SPX gap down and gap up this week so took advantage of the gaps by opening and closing SPX positions for a quick profit. VIX dropped quite substantially so closed most of VXX and UVXY positions since they reached the 10% profit target. 2019 performance so far https://alphapursuits.com/core-option-trading-strategies/
Closed and opened quite a few positions due to a large drop and recover at the market. SPX gap strategy seems to be working well. As predicted the gap was filled on Tuesday / Wednesday. Another small gap up was formed on Friday so will be watching closely on that. The Dec 2019 expiration VIX […]
Video Notes Continue to work on the SPX gap strategy and setting up positions to wait for the price to go down. Opened Dec 2019 expiration VIX position back in early Aug 2019, now the VIX spot price is much lower around 14 and yet the option price of my position is not going down. […]
It has been a month since the last video log so discussed the SPX, VIX, UVV, UVXY trades that I did in the last month. Also talked about why selling VXX PUT credit spread is a good idea. Is Selling VXX PUT A Good Strategy?
When I was small, my parents used to tell me to study hard, get good grades, and go to good schools. I was raised in a typical Asian family environment by typical Asian mentality parents. Working hard, was the spine of our lives. My parents dreamed of one of their kids to become a doctor. […]
