Chapter 3 Trading journal #129–07/17/2019 +$109

• Meat vs. No Meat on the bone = More potential for reversal??? Feels like since it is so worn down, there is no IV crush at All. Sold this calls at 90% of IV and 2 points higher, 2 hours later and IV 10% had to get out for a loss. No wiggle room here.
• Stocks/Side deep out of the money are less favorable than the other side, which is deep in the money. The same idea here — there is not much left on the bone
• Delta and Gamma matter more than the premium I sell. That is what keeps me balanced, so I can hold my positions as long as I see fit.
• When the Market drops, is the only good idea to sell puts on the bounce after the bottom is in? Because Puts 100% will be affected by IV crush
• Locking in is a good concept. When IV drops to the bottom. I have to lock in. It’s just what else is left?
• When IV dropped — and there is no IV decay. This is a big tell, aka red flags.
• It is extremely important to know which side is fucked on the options chain or is still balanced out evenly?
• Monday and Tuesday are more favorable for holding longer due to the low gamma and delta in my positions. Thinking Wednesday and go on are more about locking it in at the right spots.

APRN +$8

The chapter associated with these trading journals is still in production.

Read from the beginning: Chapter 0. What it takes to be a seven-figure trader, and how it all started.

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