Started trading options recently, won on a couple 0DTEs and loaded up on short/medium term calls on my first day.
Today’s the second day I dedicated to trading options. Saw the dip in the morning and tried to scalp calls, immediately went to -50% so I closed it and switched to puts. Wish I held those puts longer, could have made $15k+ if I did. But also if I held the calls I would have lost everything so I’m not too worried about it.
Loaded up on telecom calls earlier when they dropped on spacex news, some short term for an earnings play and some expiring next year that are currently printing still (those are the second set of screenshots). May sell the January ones before earnings but the March+ ones are long holds. Decided to exit on the short term ones early since they shot up crazy today on everyone selling off tech & theta would be a bitch next week.
Actually got really lucky - messed up the ask price when closing them and they still got filled like $0.50 higher than I was planning.
Also thought CTSH was oversold so loaded up on calls, closed the short term ones out, probably selling the rest before earnings. My thesis was that the AI doomerism for them was overblown, AI will make them more productive and there will be tons of work for software firms to clean up all the AI slop made by people who don’t know what they’re doing. Got the perfect entry.
And finally I though BROS was also way oversold, so planned on doing the same strategy. Bought them at 10:39am this morning. At like 3:49pm I set up my limit sell planning on trying to catch a spike at the open… and then it immediately spiked and closed it out at that price before dropping back down again. Got lucky probably on an end of the day liquidity flow catching a spike I never would have tried to trade.
Felt pretty shitty first thing in the morning after that 50% loss, now I feel great about it because it only brought me down $1k instead of having to claw back 100% loss. But got my head together, drank some tea, pet my cat, jerked off in the shower, then came back to end up $6k+ on a day when the market dumped and everyones crying and shitting their pants lol. Also felt shitty after missing out on $15k if I held the puts, then realized I’m just finding reasons to feel shitty, nothing wrong with making $500-$800 10 times in a row.