IronFist's beginner option trading journal

Discussion in 'Journals' started by IronFist, Mar 29, 2021.

  1. BKR88

    BKR88

    Have any sell orders in or shooting for the moon? :)

    sndl.png
     
    #31     Jun 3, 2021
  2. Still holding. I have a decent size for me position with an average cost of 1.17 which is really 1.02 but I messed up and had a wash sale on a put I didn't close out.

    In the mean time I have made a few dollars (not an exaggeration) selling puts and closing them out for a buck or two profit.
     
    #32     Jul 1, 2021
    BKR88 likes this.
  3. In the meantime, I have had other options expire worthless. Mostly I see what gets pumped on wsb and then buy puts after the spike, but price generally doesn't come down far enough, like my $10 put on WISH expiring tomorrow.
     
    #33     Jul 1, 2021
  4. Exit strategy is likely selling some $1.50 calls when price rises enough to make it worthwhile. $2.00 would be better.

    I don't want to sell them too far out into the future because I think price will be way above $1.50 in the future. So I desire to wait until I can get a good price at one or two weeks out.
     
    #34     Jul 3, 2021
    caroy likes this.