Looks like I got lucky again on NFLX. If this holds, those NFLX $350 calls should be heading towards +300% soon. I only had $3500 risk in it to start, so it's not as big. I need AMZN's Aug 1920 calls to move this week to make the gains. I've avg down to a risk of $17.8k on that position now with it showing -3300 as of Friday's close. If I can get a double on that position, I'll be in better shape. I'll point one thing out though, and that is "it's never too late." I missed a big move in NFLX before jumping in Friday morning, and still caught enough to see some big gains. Early gains have pushed me up +$10k so far and I'm up to $108.7k on the account with those unrealized gains (+$25k in unrealized gains). I might have to lock in some of those profits soon. I still feel too extended with 12 opened positions.
NFLX, FB and AMZN seem to be doing well in the early trading atleast. AMD is up some although, seems like weaker than other days. I will let the price action tell me when to get out. Want to hang on a bit longer this time out on my good trades.
Yep, today doesn't seem to be a day to close out tech. Retails are taking a bit of a breather here though as more of my retail positions are slightly red after a green start. I was too heavy in retail and took this chance to weed out the weak ones. I closed out ROST 95 calls for a loss -650. I also rolled up on the NFLX position, so I closed out NFLX Aug 350 calls and added a position on NFLX Aug 375 calls. The gains on NFLX Aug 350 calls came to +$10.9k. I'll continue to add NFLX 375 calls throughout the day to make it a full position of $2000-$3000 in initial risk. I thought that SP500 was going to break through 2872 and just push on higher. I think we can at least hit 2900 before seeing 2872 again.
Indexes looking strong which I think is a good sign for the overall stockmarket. Hopefully, more upside to our positions!
I have started 2 new positions. Adding a quick trade on BABA Aug 31 $180 calls right around $2.00 here and I'll continue as BABA dips to $178 (at least that's where I hope it finds support). I'm also adding JPM Sep $115 calls and I'll continue to add this one throughout the day. I like the bounce on JPM today and banks are actually a little late to the game, but I think leading into the FOMC meeting on Sep 25-26, banks should ramp up leading to that rate hike meeting.
Looks like I got a chance to avg down on NFLX 375 calls from $7 down to $4.90. BABA's dip 30 mins ago also gave me a chance to start the position lower than it is right now, and I've had to avg up on JPM Sep $115 calls starting at $3.15 so far.
I got into JPM as I liked the stockchart. Bought the JPM Sep 21 2018 $116.00 Call. Also, have positions on AMD, FB, AEO and RUN. I have calls mostly, except, RUN where I have a put option. Got into NVDA call options 08/20/18 but, I got in for a different reason and sold too soon! NVDA is still going up right now! Could have made a killing with NVDA but, that is water under the bridge. I decided to get out much earlier.
Bailed out of all my AMD calls. Did not like the price action of late. Looks like heavy selling coming in!