Hello everyone! I am starting a new trading journal that keeps track of my stock and options trades and adjustments. Favorite trades: Collar Trade, Covered Call, ITM Covered Call, Call Calendars, Put Calendars, Long Calls, and Bull Puts. Goals of this journal is to keep track of my trades. If possible I like to adjust loosing position to make them winning ones. I also like to use options to hedge or protect my whole portfolio. 1st Trade: NFLX Collar Trade I have always liked Netflix and I use their service and love it. Always trade something that you know and love right? Well for my first trade that is what I am doing. Trade Details: Buy the stock at 138.56 Sell a Sept 145 SP at 6.95 Buy a Sept 135 LP at 7.65 See attachment for details on secondary exit points. After I placed this trade the stock has already dropped, but I am not worried because I have the short call lowering my cost basis and the long put protecting me. If I have to say this: This is not advice to buy or sell this stock or option.