Tuesday, May.09, 2023 – Trading Options – Daily Journal

 

9:30am-10:00am: Scalped some TSLA SPY and AMZN Calls for some nice cash flow, but momentum stalled, so I took gains and looked for other setups.

9:31AM | TSLA May 12 $175 Calls from 1.05 to 1.4 | PnL* = 338$
9:31AM | AMZN May 12 $106 Calls from 1.1 to 1.1 | PnL* = -11$
9:33AM | AMZN May 12 $106 Calls from 0.95 to 1.1 | PnL* = 152$
9:39AM | TSLA May 12 $175 Calls from 1 to 1.2 | PnL* = 188$
9:42AM | SPY May 09 $411 Calls from 1 to 1.05 | PnL* = 38$
9:51AM | SPY May 09 $411 Calls from 0.97 to 1.3 | PnL* = 318$
9:53AM | AMZN May 12 $106 Calls from 0.98 to 1.35 | PnL* = 358$

 

10:00am-11:00am: Scalped some QQQ Puts for cash flow and some more SPY AMZN Calls following morning setups.

10:08AM | QQQ May 09 $323 Puts from 1.05 to 1.35 | PnL* = 288$
10:22AM | SPY May 09 $411 Calls from 0.9 to 1.05 | PnL* = 152$
10:34AM | SPY May 09 $411 Calls from 0.81 to 1.05 | PnL* = 274$
10:38AM | AMZN May 12 $108 Calls from 0.55 to 0.77 | PnL* = 375$

 

11:00am-13:00pm: scalped META on some news for nice cash flow but momentum stalled so took gains. Tries some other AMZN TSLA trades but got stopped and took some losses during slow choppy action

11:03AM | META May 12 $240 Calls from 0.9 to 1.25 | PnL* = 372$
11:12AM | AMZN May 12 $106 Puts from 1.05 to 1 | PnL* = -62$
11:21AM | TSLA May 12 $175 Calls from 0.75 to 0.65 | PnL* = -146$
12:06PM | SPY May 09 $411 Calls from 0.68 to 0.65 | PnL* = -64$

 

13:00pm-16:00pm: Scalped some META Puts for end of day selling and locked nice gains there.

1:44PM | AMZN May 12 $106 Puts from 1 to 1.05 | PnL* = 38$
1:54PM | QQQ May 09 $322 Calls from 0.45 to 0.55 | PnL* = 194$
2:32PM | AMZN May 12 $106 Puts from 1.05 to 1.05 | PnL* = -12$
2:53PM | META May 12 $230 Puts from 1.15 to 1.5 | PnL* = 305$

Today PnL = +3,095$

 

End of Day emotions:  It was another mix day with slow choppy action as market is waiting for CPI numbers. I was able to generate some nice cash flow, but this kind of slow choppy action makes things hard to hold trades for too long. I’m happy with risk management but need to reduce the number of trades when market gets slow. Need to keep my focus and repeat the process over and over again!

 

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DISCLAIMER

This trading journal is a log of all the options trades made. It is a tool that I use to track my progress and improve my trading strategies over time. I use this information to analyze my trading performance, identify patterns, and improve my decision-making processes. By keeping a trading journal, I can learn from my successes and mistakes, and make better trading decisions in the future. You can use other tools for journal as TraderSync , Tradervue or Excel

*Content is provided for informational purposes only considering average $1,000 per trade. Comissions already included: $0.60 per contract, per trade. All entries and exits are timestamped realtime via Discord Bot. Traders can have different Entries, Exits, Dollar Amount, Risk management and Comissions.

You can find all my journals on Blog. Past historical data is no guarantee on future returns