Happy Monday!
TODAY'S LOSS: -$1,420
My posted, REAL-TIME TRADES WERE FINE -- Nothing too special
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Piper's Picks
A BULLISH signal, 3/5 strength, was generated around 11:15am 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 -- 2 total units!
SPY Return: +$8 (+100%) per $92 signal capital requirement
QQQ Return: +$8 (+100%) per $92 signal capital requirement
Total Return: +$16 (+100%) per $184 signal capital requirement
Thicc Matt's Personal Trades
Trade One: 15 SPX 6,130/6,145 Call Credit Spreads (Trend Strategy)
I thought I could take advantage of the market open puke by selling calls. Unfortunately, the midday bounce made me realize I wasn't in love with the risk of the trade. The CCS's were sold at $1.80/ea and were bought back at $3.15/ea -- Thos means my realized loss was $1,620 :(
Trade Two: 20 SPX 6,100/6,085 Put Credit Spreads (Piper Strategy)
Better safe than sorry! I sold theses PCS's when the market showcased some strength, but it didn't last. I decided the ditch the play to stop myself from getting in a worse hole. These PCS's were sold at $1.00/ea and were bought back at $0.90/ea -- THIS MEANS MY REALIZED GAIN WAS $200!
Trade One Return: -$1,620
Trade Two Return: +$200
Total Return: -$1,420 (before fees)
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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!
