Weekly Loss of $1230.79 Option Journey #19


Finally, the 2020 Christmas is here. I never thought that Christmas can come in this year, yet it is here today. As I said yesterday, there is no position that I can close out today. Which makes the loss it is what it is with $1230.70 for the week.


The Volatility was not there and also I did not sell much as well. Also, it had 4 days vs 5 days typical weeks. For that reason, I sold one more position of Netflix (NFLX) which was above the $500 level since the earning. It is hovering in that area for a long time. 50 SMA line is around $500 and 20 SMA line is around $514. That is the one reason, I decided to go less than $500 for this trade.


Merry Christmas to you all.


Closed Trade:



None


for the week


TSLA: $778.47

SQ: -$528.24

ZM: -$1705.2

AMD: $79.7

TSLA: $144.48

Total: - $1230.79

Open Trade:


NFLX 10 Dec 31 497.5 / 500 Put Vertical @ 0.4196

Current Position:

one weeks

AAPL 10 Dec 31 124/128 Put Vertical @ 0.8497

AMZN 8 Dec 31 3120 / 3125 Put Vertical @ 1.0193

NFLX 10 Dec 31 497.5 / 500 Put Vertical @ 0.4196

two weeks

JPM 10 Jan 8 117/120 Put Vertical @ 0.8297

ZM 10 Jan 8 350 /355 Put Vertical @ 1.1895


cover call

TSLA 1 Jan 8 700 Cover Call @ 12.3246

TSLA: 120 shares

======================================================================= #sellingPut #optiontrade #sellingput #putvertical #PutVertical #trading #stock #option

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I am not a financial advisor. Any trades listed are my own personal trades and meant for educational purposes only.
Option trading bears high risk and high return strategy for trader. 


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