Lookout Below!
TODAY'S GAIN: +$11,000
My posted, REAL-TIME TRADES PRINTED -- Today's trades would have paid for OVER 2 DECADES OF GOONIE MEMBERSHIP!!!
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Piper's Picks
A BULLISH signal, 4/5 strength, was generated at 10:00am ET by Piper. The signal was used with various advanced options strategies to score (don't worry, I'll teach you every aspect of the strategy).
Both of these signals missed :(
SPY Return: -$164 per $164 signal cost
QQQ Return: -$140 per $140 signal cost
Total Return: -$304 per $304 signal cost
Thicc Matt's Personal Trades
Trade One: 5 SPX 5315 Calls (Scalp Trade Strategy)
This trade was a run-of-the-mill scalp trade. The market had strength at open. The cumulative options delta pushed higher, so I took a bullish position. The average entry was $17.90, and the average exit was $21.10 -- This mean my REALIZED GAIN WAS $1,600.
Trade Two: 12 SPX 5400 Calls (Swing Trade Strategy)
Trade Two was simply an exit from yesterday's swing trade. The market started to show some weakness, and I didn't think was smart to take the risk. The average entry was $22.50, and the average exit was $24.30 -- This mean my REALIZED GAIN WAS $2,160.
Trade Three: 8 SPX 5330 Calls (Scalp Trade Strategy)
This particular trade got a little out of hand. I played it a little too big and held it a little too long. I don't have an issue with the initial entry, but you could easily argue I was fighting the trend by the time I finally took the loss. The average entry was $14.83, and the average exit was $3.80 -- This mean my realized loss was $8,824.
Trade Four: 5 SPX 5270 Puts (Momentum Trade Strategy)
This was my best trade of the day and of the week. After punting the previous trash trade, I waited for the trend to be confirmed. Additionally, I also was patient enough to wait for a low-risk entry point. When the trade broke in my favor, I locked in a portion and let the rest ride while having a protective stop loss order set at breakeven. The average entry was $31.30, and the average exit was $65.00 -- This mean my REALIZED GAIN WAS $16,850.
Trade One Return: +$1,600
Trade Two Return: +$2,160
Trade Three Return: -$8,824
Trade Four Return: +$16,850
Total Return: $11,786 (before fees)
These trades would have paid for OVER 2 DECADES OF GOONIE DISCORD ACCESS!!!
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Both of these trades hit if held until close -- 6 total units!
Both of these trades hit if held until close -- 6 total units!
SPY missed & QQQ hit
The Trump-China-Trade announcement from the NYT knocked me out of my position. The CCS's were sold at $1.80/ea and I was forced to buy them backl at $4.40 -- This means my realized loss was $3,120 :(
The hedge did exactly what hedge plays are meant to do. It balanced me out! These PCS's were sold at $0.85/ea and expired worthless -- THIS MEANS MY REALIZED GAIN WAS $2,975!
