A profitable journal with all entries/exits posted in advance

Discussion in 'Journals' started by 1a2b3cppp, Jul 31, 2012.

  1. No criticism taken. I appreciate the feedback.

    I have no idea how much higher SPY is going to go. Selling a call seemed like a way to test the waters here. If the position gets closed out it's not big deal. And if it doesn't, it's also no big deal.

    I have no data suggesting that a new x-year high means price is any more likely to continue to go up. For example, on 4/2/2012, SPY made a 3 year and 11 month high of $142.21, and then 2 months and 2 days later had fallen around 16 points.

    But I'm curious to see what price does now, regardless.
     
    #51     Sep 7, 2012
  2. 9/7:

    Open position:
    SPY: $626.00
    Call proceeds: $64.75

    ------------------------------------
    $691.75

    14 calendar days until option expiry
    Max potential SPY value is $144.99 ($692 profit) above which my position will be called away.

    [​IMG]
     
    #52     Sep 7, 2012
  3. 9/10:

    Open position:
    SPY: $544.00
    Call proceeds: $64.75

    ------------------------------------
    $609.75

    11 calendar days until option expiry
    Max potential SPY value is $144.99 ($692 profit) above which my position will be called away.
    9/21 is the next ex-dividend date

    [​IMG]
     
    #53     Sep 10, 2012
  4. Sorry I didn't post an update yesterday; I was visiting family.

    Here is yesterday.

    9/11:

    Open position:
    SPY: $584.00
    Call proceeds: $64.75

    ------------------------------------
    $649.75


    And here is today.

    9/12:

    Open position:
    SPY: $632.00
    Call proceeds: $64.75

    ------------------------------------
    $697.75

    9 calendar days until option expiry
    Max potential SPY value is $144.99 ($692 profit) above which my position will be called away.
    9/21 is the next ex-dividend date

    [​IMG]
     
    #54     Sep 12, 2012
  5. 9/13:

    Open position:
    SPY: $852.00
    Call proceeds: $64.75

    ------------------------------------
    $916.75

    However my SPY gain is capped at a price of $145, which gives me:

    SPY: $693
    Call proceeds: $64.75
    ----------------------------
    $758.75

    The chart reflects this capped value.

    8 calendar days until option expiry
    9/21 is the next ex-dividend date

    [​IMG]
     
    #55     Sep 13, 2012
  6. 9/14:

    Open position:
    SPY: $917.00
    Call proceeds: $64.75

    ------------------------------------
    $981.75

    However my SPY gain is capped at a price of $145, which gives me:

    SPY: $693
    Call proceeds: $64.75
    ----------------------------
    $758.75

    The chart reflects this capped value.

    7 calendar days until option expiry
    9/21 is the next ex-dividend date

    [​IMG]
     
    #56     Sep 14, 2012
  7. 9/17:

    Open position:
    SPY: $867.00
    Call proceeds: $64.75

    ------------------------------------
    $931.75

    However my SPY gain is capped at a price of $145, which gives me:

    SPY: $693
    Call proceeds: $64.75
    ----------------------------
    $758.75

    The chart reflects this capped value.

    4 calendar days until option expiry
    9/21 is the next ex-dividend date

    [​IMG]
     
    #57     Sep 17, 2012
  8. 9/18:

    Open position:
    SPY: $855.00
    Call proceeds: $64.75

    ------------------------------------
    $919.75

    However my SPY gain is capped at a price of $145, which gives me:

    SPY: $693
    Call proceeds: $64.75
    ----------------------------
    $758.75

    The chart reflects this capped value.

    3 calendar days until option expiry
    9/21 is the next ex-dividend date

    [​IMG]
     
    #58     Sep 18, 2012
  9. 9/19:

    Open position:
    SPY: $863.00
    Call proceeds: $64.75

    ------------------------------------


    However my SPY gain is capped at a price of $145, which gives me:

    SPY: $693
    Call proceeds: $64.75
    ----------------------------
    $758.75

    The chart reflects this capped value.

    2 calendar days until option expiry
    9/21 is the next ex-dividend date

    This position will likely be closed either tomorrow or Friday (unless price drops to under $145).

    [​IMG]
     
    #59     Sep 19, 2012
  10. Sorry for not updating for the last few days. I was visiting some family and taking some time away from the internet.

    Shares were called away. No dividend.

    Profits for the trade were $749.50.

    Nice little pullback today. May enter again soon.

    I will update this thread periodically in the meantime until I open another position.
     
    #60     Sep 26, 2012