Investing Journal - T2S

I made my trade this morning I have been talking about and after much deliberation I have decided to share the trade as it isn't THAT thinly traded.

This morning I bought NLY at 17.79 and sold to open 15 strike NLY oct 21 for $2.79. The goal here obviously is to pick up the dividends while limiting my risk. Next dividend should have an ExDate around 9/30.

 

Just bought 26 MSFT Sept 17 back for $0.85

Gonna ride the rally for a bit before selling new one.

 

I don't time markets, remember? 27 MSFT Sept 23 sold for $0.33

 

Bought 26 M Sept 17 for $1.78

Sold 27 M Oct 22 for $1.38

Will discuss trades in tomorrow's update

 

Bought to close 85 NKE Sept 17 for $2.89

Sold to open 87.5 NKE Oct 22 for $4.15

 

Start of week: $22,362
End of week: $23,547 (+5.3%)

Nice week/month, rolled up all my calls yesterday and MSFT and M already stopped with NKE like 0.23 from stopped. We'll see how the rest of the month plays out.

EDIT: excuse me, I forgot I sold the 87.5 on NKE, thought I sold the 90, so thats already stopped out as well. still under all my strikes + premium by quite a bit though

 

I was away from my desk on Friday so I wanted to post this graph and apologize to my readers (if there are any) for not having it up Friday as well. I am closing back in on my high water mark which satisfies me seeing as the market is no where near back to its high water mark.

If I pull out a relatively down to flat month I will be right back around high water mark by end of option month. If we can get a flat to up month, I will set a new high water mark this month.

As well as the picture, I thought I would also post these numbers, they represent the 9 weeks I have been tracking this account and method. I have out-performed the SPY for 6 out of the 9 weeks and am now 7.34% better off over the 9 weeks from using my strategy vs. investing in SPY.

Week 1: -0.41%
Week 2: +1.77%
Week 3: -1.16%
Week 4: +1.42%
Week 5: -1.67%
Week 6: +2.80%
Week 7: +1.85%
Week 8: +2.20%
Week 9: +0.61%

If anyone would like me to touch on things I haven't been or whatever, please let me know.

 

Bought back 27 MSFT sept 23 for $0.01

 

Really unhappy with the trade I just made. If I didn't have a rule for myself I wouldn't have made it, starting to make me wonder whether having a defined business plan that I must follow is the right method..

Sold to open 25 MSFT Sept 30 for $0.50

I believe there is a strong possibility the market rallies extremely hard next week thus my disgruntled attitude towards this trade.

 

shorted ZSL @ 19.64, don't really care if that's not part of my business strategy, this is my only account with capital left to deploy so if I have any readers, you will have to deal with my ZSL short until I cover it