Happy Monday!
TODAY'S GAIN: +$600
My posted, REAL-TIME TRADES WERE HORRIBLE, BUT THEY PAID -- These trades would have paid for ONE YEAR OF GOONIE MEMBERSHIP!!!
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Piper's Picks
A BEARISH signal, 4/5 strength, was generated around 10:35am 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 trades hit if held until close -- 4 total units!
SPY Return: +$36 (+100%) per $164 signal capital requirement
QQQ Return: +$34 (+100%) per $166 signal capital requirement
Total Return: +$70 (+100%) per $330 signal capital requirement
Thicc Matt's Personal Trades
Trade One: 15 SPX 5,610/5,605 Put Credit Spreads (Improper Piper Strategy)
This was a very silly trade. I made the classic mistake of trading before my entry signal fired. I assumed I could make extra money by frontrunning what I thought would be a bullish signal. The only issue is that Piper fired a bearish signal. So basically, I lost a lot of money trying to make a few extra bucks. I sold the PCS at $0.90 and was forced to buy them back at $1.90/ea -- This means my realized loss was $1,500. A painful lesson for sure.
Trade Two: 20 SPX 5,630/5,635 Call Credit Spreads (Piper Strategy)
When I finally got on the right side of Piper, I was rewarded by getting pulverized by the market (FML!). I sold this CCS at $1.10/ea and was forced to cover at $2.10/ea -- This means my realized loss was $2,000.
Trade Three: 20 SPX 5,630/5,625 Put Credit Spreads (Titled Trade)
Trade Three was not a quality trade. It was a lucky trade. In fact, I'm lucky to have not blown out my account today. I'm not sure what I was thinking or doing, but I'm happy lady luck was on my side at the end of the day. I sold this PCS at $2.70/ea and bought them back at an average of $0.65/ea -- This means my REALIZED GAIN WAS $4,100!
Trade One Return: -$1,500
Trade Two Return: -$2,000
Trade Three Return: $4,100
Total Return: +$600 (before fees)
These trades would have paid for ONE YEAR OF GOONIE DISCORD ACCESS!!!
Notes
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.
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!
