Contrarian/ Buying the lows

Discussion in 'Journals' started by arturo100, Jun 3, 2019.

  1. Bought 2 PEP Jul19'19 131 PUT @ 1.1.
    I took the idea for this trade from TheBigShort on his thread. However, I took one week later expiration and his strike price is 132.
     
    #91     Jul 9, 2019
  2. - Sold the ROKU call @ 4.2: +8%.
    - Bought 1 DVA (-5.8%) Aug16'19 52.5 CALL @ 2.8
     
    #92     Jul 9, 2019
  3. Bought 2 ODFL (-2.7%) Jul19'19 145 CALL @ 1.2
     
    #93     Jul 10, 2019
  4. - Sold the TWLO @3.42: -8%.
    - Bought 2 PAGS Jul19'19 42.5 PUT @ 0.75
     
    #94     Jul 11, 2019
  5. Sold this PUT @6: +54%
     
    #95     Jul 11, 2019

  6. Sold the 2 Call HAL @0.1: -80%
    - BOUGHT 3 STNE (+8.6%) Jul19'19 34 PUT @ 0.65
    - BOUGHT 1 ANTM (+4.1%) Jul19'19 295 PUT @ 1.9
    - BOUGHT 1 CI (+10.3%) Jul19'19 180 CALL @ 1.7 (trend follower upon independent confirmation)
     
    #96     Jul 11, 2019
  7. -Sold 2 ODFL Jul19'19 145 CALL @ 4.9: +308%. That was a good yield contrarian play!

    -Bought 3 PEP Jul19'19 133 PUT @ 0.75
    Bought these PUTS because the IV is so damn low, i.e., 10%. The problem is that usually MM have very good reasons to keep it a these levels.
     
    #97     Jul 12, 2019
  8. The volatility of this week really helped my options and not only I recovered all my losses, but now I am up 10% from inception. Gee, I am outperforming destriero! :)
    The problem is that if keep doing -10% -> +10% every other week, my Sharpe ratio won't be that great!
     
    #98     Jul 13, 2019
  9. BOUGHT 2 AMD (+3.7%) Jul19'19 35 PUT @ 0.95.
    Only 4 days left to expiration.
     
    #99     Jul 15, 2019
  10. - Closed the AMD PUT @1.25: +30%
    - BOUGHT 1 EA (-2.9%) Jul26'19 90 PUT @ 2.11 (trend follower trade triggered by indipendent confirm)
     
    #100     Jul 17, 2019