Marks were 193.7 and 193.99 respectively. I bought 90 delta, but only made 16 vs a theoretical 26. Vol going down for that expiration set? Probably. Maybe we should be trying spreads if the options are this close to expiration?
Wednesday 4/8 Dear Diary, Looks like a quiet start for the day, right at the meat of yesterday's action. Going to try and format this journal in a more pleasant way so that it's not just boring fills but also more thoughts on my open and close reasoning so when I look back at this I can see what I was thinking. I already do that on my personal journal but according to Arnold, reps are good.
Finally some life. "Shorting" here and if it goes down, it should go down hard. Bot +2 QQQ 17 Apr 196.5 Puts @4.93 Went with 2 contracts instead of one: same delta, more spice.
Closed @5.12 For what I was expecting, this seemed a little too weak. This is an early close but We'll see if it's justified. Edit: Yeah... should have held for the rest of the bar. That's something I need to work on. But these days have so much extra punch I've been getting out at the first signs of trouble. Better out early with profit than late with a loss?