Skip to main content

Posts

Featured

May 28th 2018

I cut my losses on previous AAPL options positions. The Bull Put on AAPL 185/175.5 PUT Option expires June 8th, it still may be profitable, the break-even was AAPL @ 183 by Jun 8th expiration. I'd rather close my long position and prepare my portfolio for a potential negative downturn. I've been bearish for damn near two years, looking at the Geopolitical landmines coming up with the Russian investigation along with Euro stress from Italian political turmoil has me cautious to the upside. We have three choices as traders, go long, go short, or do nothing and sit on the sidelines. For the knowledgeable options traders out there, yes there are strategies that can make money options trading in a low volatility market. I believe betting against high volatility is a recipe for disaster in the long term.
Portfolio
YM September PUT 24600 Strike
FXE September PUT 110 Strike

Latest Posts

Options Trading With Apple (AAPL)

Managing A Winning Trade Is As Good As It Gets

Getting Cocky 5/3/18

A Lot Of Trading Luck A Bit Of Skill?

Day Trading Trading Through The Rust

Livermore Quotes

The Week Ahead

Patient Bear On Sidelines

Retail Trading Is Not Dead...Yet!

Many Many Many Thanks!