Here are some metrics and notes for June 1-5.
Metrics
| Date Entry | Security | Option | Cost | Date Sold | Amount Received | Per Contract Result |
| 5/29/20 | VXX | June 5 $29 Put | $0.10 | 6/2 | $0.03 | -$0.07 |
| 5/29/20 | SBUX | June 19th $90 Call | $0.06 | 6/5 | $0.11 | $0.05 |
| 6/2 | DIA | June 5th $22.50 Call | $0.17 | 6/4 | $0.21 | $0.04 |
| 6/4 | DIS | June 12 $135 Call | $0.19 | 6/5 | $0.37 | $0.18 |
Notes
- VXX trade was a momentum trade. While it was much higher during the week, the stop loss allowed for the Disney trade which was very well. Rules are adaptable, but still worth it. We trade this on a regular basis.
- The Starbucks (SBUX) trade was based on the stock banging on the $80 resistance. It broke out on Friday and nearly doubled the value of the call. We trade this periodically. It is regularly on our radar.
- The Dow Jones (DIA) trade was a fight. While it did provide a profit, having a looser stop would have created much more value. Because the jobs number was an anomoly, the tighter stop was still appreciated to a degree. We trade this periodically.
- The Disney (DIS) trade was based on the stock getting through $125, and it did. The call nearly doubled and we sold. This was the first trade for us.
Any profits go to taxes, charity, investors, and back into the trading account, in that order.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. If you would like research done on a stock you own or are thinking about buying, email at kdkoptions@gmail.com **
