Options Trading

I have been trading options for a bit but starting to keep journal of my trades here. I have lost some serious money in it but also made some money, overall I am breakeven at this point. Based on my previous experience, I will avoid making big risky trades in options and keep my risk to $500 or less while I still learn this.

My current portfolio:

June 21 Expirations

<td>
  Strategy
</td>

<td>
  Strike Prices
</td>

<td>
  Cost
</td>

<td>
  Margin
</td>

<td width="25%">
  Notes
</td>
<td>
  Iron Condor
</td>

<td>
  195/200/205/210
</td>

<td>
  370 Credit
</td>

<td>
  $500
</td>

<td>
  Sold before trade war started. Now it is looking a loser trade.
</td>
<td>
  Iron Condor
</td>

<td>
  10/12.5/22.5/25
</td>

<td>
  $828 Credit
</td>

<td>
  $1750
</td>

<td>
  Strike prices are way out of 1 standard deviation. Pretty good ratio of reward to risk.
</td>
<td>
  Iron Condor
</td>

<td>
  150/160/190/200
</td>

<td>
  $361 Credit
</td>

<td>
  $1000
</td>

<td>
  Earnings are coming up. Could spike up or down after earnings. Though strike prices are around 1 standard deviations when I bought it, I lost big on INTU. Need to stop doing earning plays.
</td>
<td>
  Iron Condor
</td>

<td>
  48/52/55/59
</td>

<td>
  $361 credit
</td>

<td>
  $1200
</td>

<td>
  No earnings, 1 std. deviations away strike price when I bought it but $52 put is ITM. Probably should close this position if it keeps dropping
</td>
<td>
  Iron Condor
</td>

<td>
  47/51/56/60
</td>

<td>
  $383 credit
</td>

<td>
  $1200
</td>

<td>
  Bought this to try laddering but now I don&#8217;t like it. Too concentrated in one position. If Oracle keeps falling, I will lose $2400 instead of $1200.
</td>
<td>
  Iron Condor
</td>

<td>
  72.5/75/80/82.5
</td>

<td>
  $440
</td>

<td>
  $1250
</td>

<td>
  No earnings, 1 std. deviations away strike price. Looks like it is behaving as expected.
</td>
<td>
  Call Credit Spread
</td>

<td>
  12.5/13
</td>

<td>
</td>

<td>
</td>

<td>
  This was a mistake. Bought $13 call but it kept falling, I could have closed position but selling an opening $12.5 call earned me more credit. It is overall loser trade, will try to close it as soon as possible.
</td>

June 28th Expirations

SPY Long Call at $295 expiration. When market was rising, I would buy calls and sell them at 20-30% profits. It was easy money. And whenever there was a dip, I would double my position and still come out ahead. Here I did same thing but market has not bounced back and unlikely to. I would lose almost $2000 here.

July 19th Expirations

<td>
  Strategy
</td>

<td>
  Strike Prices
</td>

<td>
  Cost
</td>

<td>
  Margin
</td>

<td width="25%">
  Notes
</td>
<td>
  Debit PUT Spread
</td>

<td>
  110/120
</td>

<td>
  $275
</td>

<td>
</td>

<td>
  Trade war and down trending market.
</td>
<td>
  Credit Call Spread
</td>

<td>
  186/187
</td>

<td>
  $119
</td>

<td>
  $400
</td>

<td>
  1 std deviation, trade war. Buying ETF reduced risk of huge spikes.
</td>

I have been watching TastyTrade and OptionAlpha videos. A lot of useful information.


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