Options scalping

Discussion in 'Journals' started by sideeyeseal, Oct 9, 2020.

  1. Taking the day off because of Veteran's Day here in the US. I may look to see how BA does, to keep up with the "story" but not much else planned.
     
    #41     Nov 11, 2020
  2. WKHS 20 calls
    Entries: 0.30
    Exits: 0.35, 0.40, 0.45
    Time to scale: 33 mins
    TiT: 40 mins
    32%

    NIO 50 calls
    Entries: 0.30, 0.26
    Exits: 0.40, 0.35, 0.39, 0.35
    Time to scale: 20 mins
    TiT: 45 mins
    33%

    Stray thoughts:
    • I don't typically like options like this WKHS because of the nickel spread garbage. I bought 0.30 at 0.25 x 0.30. When it moves up, it's only 0.30 x 0.35, so I really have to get an outsized move to get exit fills that I want. You try to sell 1 cent above the bid and still won't get filled.

    • This NIO move overall was disappointing. Breaking ATHs, I expected a lot more upside momentum. But after seeing that small drop at 10:15am -- I took some more risk off, so I peeled a little at 0.35 and 0.39. Now I have a tiny runner to see if these can go for 0.60+, but I doubt it. I have a 3 cent trailing stop on this.

      Update: Yep, stopped out the last at 0.35. I have other things to attend to today so I'll leave it at that.
     
    #42     Nov 12, 2020
  3. VIAC 30 calls
    Entries: 0.32
    Exits: 0.50, 0.43
    Time to scale: 1 min
    TiT: 4 mins
    49%

    BA 182.5 calls
    Entries: 0.91
    Exits: 1.09, 1.06
    Time to scale: 14 mins
    TiT: 15 mins
    18%

    ZM 400 puts
    Entries: 1.29, 1.10
    Exits: 1.56, 1.35
    Time to scale: 16 mins
    TiT: 18 mins
    22%

    Stray thoughts:
    • I completely whiffed on a NSC news scalp. I literally saw 237.50 calls at 0.25 x 0.30 or something and then within minutes it jumped into some weird spread all over the place, like 1.10 x 2.50. Even after the news digested, I see these at 0.40 x 0.65.

      I think I hesitated because I felt "lucky" off the VIAC news scalp, I'm not sure.

    • Not a bad Friday. I'll call it early, looking forward to next week.
     
    #43     Nov 13, 2020
  4. CCL 18 calls
    Entries: 0.40, 0.34
    Exits: 0.49, 0.50, 0.52, 0.54, 0.67
    Time to scale: 5 mins
    TiT; 1 hr, 3 mins
    40%
     
    #44     Nov 16, 2020
  5. I was busy with other work today; no day trades for me to report.
     
    #45     Nov 17, 2020
  6. BA 220 calls
    Entries: 4.30
    Exits: 3.20
    Time to scale: n/a
    TiT: 8 mins
    -25%

    Stray thoughts:
    • I was looking for the bounce that never came. Let's see what comes up tomorrow.

    • Completely whiffed on SDC - I was watching the 11 calls but never pulled the trigger.
     
    #46     Nov 18, 2020
  7. TSLA 530 calls
    Entries: 4.30
    Exits: 5.50
    Time to scale: 40 mins
    TiT: 40 mins
    28%

    SQ 195 calls
    Entries: 0.80
    Exits: 0.89
    Time to scale: 1 hr, 3 mins
    TiT: 1 hr, 3 mins
    11%

    Stray thoughts:
    • This SQ was garbage all day. I should've stuck with the "theme" of the day (TSLA, then NIO, BLNK, etc.).
     
    #47     Nov 19, 2020
  8. AMZN 3140 calls
    Entries: 4.40
    Exits: 7.00
    Time to scale: 34 mins
    TiT; 34 mins
    59%
     
    #48     Nov 20, 2020
  9. MSFT 212.5 calls
    Entries: 1.75
    Exits: 1.98, 1.80
    Time to scale: 7 mins
    TiT: 13 mins
    8%

    PLUG 26 calls
    Entries: 0.78, 0.61
    Exits: 0.76, 0.78
    Time to scale: 35 mins
    TiT: 37 mins
    11%

    Stray thoughts:
    • Not super clean today. Whiffed on AAPL 116 puts that I had queued up.
     
    #49     Nov 23, 2020
  10. BA 222.5 calls
    Entries: 3.40, 2.74
    Exits: 3.50, 4.00
    Time to scale: 21 mins
    TiT: 25 mins
    22%

    TLRY 8 calls
    Entries: 0.34
    Exits: 0.51, 0.55, 0.59, 0.67
    Time to scale: 3 mins
    TiT: 8 mins
    66%

    Stray thoughts:
    • I wasn't too pleased with my averaging down on that BA. My hard stop was down around ~2.20 (on the option) after the average down, so I was prepared to eat the loss, but that wasn't a great decision process-wise.
     
    #50     Nov 24, 2020