A Beginning Options Traders Journal $5k

Discussion in 'Journals' started by SmilinStorm, Jan 6, 2015.

  1. Hello,

    The goal of this journal is to track my options trading progress throughout 2015. Feel free to subscribe, and add any comments pertaining to options trading.

    About Me:
    I am a 22 year old who has severed in the US military for almost 4 years now. I have focused on learning as much as possible about option trading and even traded small positions over the past 7 months. My goal for this year is to grow my account via hedging, since I don't yet have the experience or equity for debit and credit spreads. Within the next 2-3 year my goal is to make a comfortable living off of trading options. I have a very good mentor who trades equities for a living, so I know that it is possible to do this, though it will no be easy.


    Stay Tuned...
     
  2. First trade of 2015:

    Looking at the QQQ 1/1/2015 I noticed a bearish signal on the 4hr chart. The other indicators that i used also confimed this so 1/2/2015 I legged into the following position.
    Bought:1/2/2015
    (4) Jan 15 $103 Put $1.57x4=$628
    (2) Jan 15 $105 Call $.42x2 =$84

    Sold:1/6/2015
    (4) Jan 15 $103 Put $2.64x4=$1056
    (2) Jan 15 $105 Call $.10x2 =$20


    $1056-$628= +$428
    $84-$20 = -$64
    P/L: +$364
     
    Last edited: Jan 6, 2015