Tip:
Highlight text to annotate it
X
Good morning everybody it's October 4th Friday happy Friday
it's about 6 a.m. Eastern Time let's take a look at
trades yesterday we made this we added the five shot calls on Apple seems to be
a little bit up on
premarket we'll see so the
if Apple continues upwards what we want to do is up make this an
even iron condor so we wanna add 10 contracts on the
bull put side as well but let's
let's see how it goes first and we'll see what happens in the market
this too lots of uncertainty in the market so
we leave it as is for now then COSTCO they're not gonna touch it
because
earnings comes up next week and so we'll see how it does in earnings generally
Costco does well so I think this bull put will call will
makeup some over them but up
will you know we won't do anything until the earnings is
happened okay so gold was kind of a flat
yesterday it made up it you know yesterday was also kinda flat today also
it seems flat so
the goal is we want to capitalize on the time decay
on the front short options short strangle then
we have a Google Google is now an iron condor
and the stock is at 876 we up between
08:50 and. 09:20 those on a short strikes I think we are good
Scott only seven days to expiry so be
we will left we will try to leave this alone HLF made some big moves yesterday based
on a
bill Auckman actions so
we tightened up the condor let's go take a look at HLF
so the risk profile
is here so right now it's a dissentral of the condor now we've booked
eighteen hundred dollars on HLF already so
it's in the center of the condor if it moves towards
one of the sides what will do is we'll add side
into a butterfly so right now it's fine
we leave it as is and then we have MasterCard also is situated right in the
middle
that's 670 we have our short put at
625 720 so you can see most of our trades at expiring in
in 14 days however all these trades will also be running into the
debt ceiling debate so we may
not want to hold it all the way to expiry perhaps about three days before
expiry we should have a
taken quite a bit of time decay in and
we might want to close that unfortunately between now and
then
there might be some volatility in the markets because of the debates going on
in Washington so we have to adjust now
finally on the Netflix also yesterday
it made a big move down which was fine it was good was up going
you know very high so right now you can see the 350 355 has a profit however
on Netflix we don't have any profit on the bear calls anymore
because we rolled it and finally on TESLA
also we converted that into an iron condor that is
again right in the middle our shorts are 150 and 200 it said 175
so that's perfect so we leave these manage these positions
I think given all the volatility in the markets that is a
expected let's manage these positions for now
and some of these trades are going to expire in 7 days
which is next week and will wait for Costco earnings as well
the trades of course we might have to manage are Apple
and which is the other one the
Apple and HLF for now those other two trades that we're looking at
all right that's it for this trade recap
hope everybody has a good day I'll speak to you soon tnx
forgot to add on TESLA we brought
this bear call in so we headed 220 225 you got it in yesterday
and we captured eight hundred dollar profit on that
move so right now we already have plus
800 and we have about 2,000 more to go so that's where it takes thanks