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for seven days this is february 2022 the option trade alerts
so this trade this trade was a big mistake
this trade was also a big mistake
this trade was too oh man
you know just not good yeah paypal was definitely very very painful
if i didn't make those adjustments
um
yeah it definitely would have been significantly better
february 2nd
so here i closed out the calls
and then i sold additional calls and used that premium to roll down the puts
s p up 43
and then the vix and vvix were up slightly
which is a little bit strange considering that the s p was up significantly
facebook fell about 18
s p is down over 60.
so amazon reports after the bell
amazon is up around 20 s p was down 112. vix was up 10 february 4th
so our amazon positions we're showing a very nice profit
s p up 23.
february 7th solid opening
s p down 17
february 8th so to put on spy short term expiration i feel that the market
is oversold temporarily b plus grade sold a lot of calls on paypal to roll it down
brought back the spy put held it for one and a half hours s p up 37.
here are my thoughts on the paypal position
our paypal position is one of the most challenging positions i've ever experienced
usually it bounces back
so we'll have to continue to sell large amounts of calls and roll down the puts
february 9th fading the up move sold an spx call
sold some additional calls on paypal use that premium to roll down the puts
s p up 65.
february 10th sold a short date at spx put
it back
s p down 83 picks up 20 percent vvix up 8 percent
february 11th rolled c
so i rolled it i financed it by selling the calls and then rolled it down
our break even on z on zillow is about 79
smp down 85
february 14th
closed out two puts financed it by selling calls
rolled paypal
rolled it out one week
yeah you see the problem with paypal was
um when i sold those additional puts it just simply became too big and that ended up costing
me money if i didn't sell those additional puts then i probably would have been able to salvage
the position for relatively minor losses or i could have just continued to sell call options
and brought it back and rather sold call options and use that premium to buy back
the small amount of puts but when i expanded the position that was definitely a mistake
s p down 17
february 15th
here i rolled the calls on zillow spx
s p up almost 70. vix down around nine percent vvix down over eight percent
february 15th
i just increased the expiration on paypal
s p up four
february 17th
s p down 95 vix up 16 percent
february 18th
yeah so i'm being less aggressive because the market doesn't have a defined direction
s p down 31
the 21st markets close the 22nd so calls on amazon
bought back one of the paypal puts financed it by selling calls here i rolled it more
financed it by selling calls
rolled and financed financed it by selling calls you see so if i didn't sell those
additional like 20 contracts on the put side it would have been significantly easier
and i probably would have been able to i don't know if i would have been able to roll the puts
all the way down for for a profit i'm not certain about that um but if i did if rather if i didn't
sell those additional puts then the um the paypal position would have been a minor loss
if i continued to sell a lot of call options and just get rid of the the puts that i had in
early january or rather in january prior to selling them prior to selling additional
put options before the february earnings announcement february 22nd so the s p was down 44.
february 23rd
sold the call on spy
i might have to consider closing out paypal i'll watch it tomorrow and although it seems
like it like his descent has slowed my concern is that the loss becomes too large then it'll take
a long time to recoup yeah you never want to take a loss where it's going to take you
more than just a few months to recapture because even in this situation with pay power
i made a mistake by expanding the position on the put side
you don't want to be in a position where the losses are going to take you
more than a few months to recapture you don't want to be in a situation where it's going to
handicap you in the future so as painful as it sounds to close out a position for a loss
you don't want to have it affect your portfolio long term you know if it costs you a few months of
profit okay is you know for for a bad trade then it's not the end of the world but anything more
than about two to three months of profit is going to be very problematic
s p up 63
february 25th s p up 95. february 28th sold some additional calls
so here i rolled the position out
roll paypal calls just to give a little bit more safety net
i think at this time paypal was trading at about 111.
smp was down 11 vick's up 9 and vvi x up about 5 the market rallied
around 1 over the last 20 minutes of the day
tesla up over seven percent so that's it if you want to enroll for the seven day trial
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