08:35 am: “Futures big squeeze up following CPI numbers coming below expectations which can give FED a signal to pivot.

08:36 am: “Morning focus on gapping up stocks to see if hold the morning print and squeeze higher OR fade back to fill this morning gaps.

Morning trades:  I started the day buying TSLA calls but I got stopped several times as stock kept fading but later in the day was able to get my money back on TSLA. I faded AMZN for nice cash flow. I also scalped IWM and BA PUTs for some cash flow and had a great late trade on SNAP for great cash flow. Overall it was a nice gain but took too many trades.

Time Symbol Contract Avg Entry Avg Exit QTY Pct Gain PnL $
9:30AM TSLA Nov 11 $200 Calls $1.00 $0.85 10 -15% -$162.00
9:32AM TSLA Nov 11 $200 Calls $0.70 $0.70 14 0% -$16.80
9:34AM IWM Nov 11 $180 Puts $1.05 $1.10 10 5% $38.00
9:37AM AMZN Nov 11 $92 Puts $1.10 $1.60 9 45% $439.20
9:48AM IWM Nov 11 $180 Puts $0.89 $0.80 11 -10% -$112.20
9:50AM TSLA Nov 11 $200 Calls $0.75 $0.90 13 20% $179.40
10:02AM TSLA Nov 11 $200 Calls $0.70 $0.70 14 0% -$16.80
10:03AM IWM Nov 11 $183 Puts $1.10 $1.40 9 27% $259.20
10:05AM AMZN Nov 11 $94 Puts $0.90 $1.05 11 17% $151.80
10:16AM JPM Nov 11 $133 Puts $0.90 $1.10 11 22% $206.80
10:17AM TSLA Nov 11 $180 Puts $1.40 $2.00 7 43% $411.60
10:27AM META Nov 11 $106 Put $0.95 $1.10 11 16% $151.80
10:56AM BABA Nov 11 $70 Calls $0.75 $1.15 13 53% $504.40
11:18AM TSLA Nov 11 $200 Calls $0.65 $0.90 15 38% $357.00
11:28AM GOOGL Nov 11 $93 Puts $0.85 $0.75 12 -12% -$134.40
11:47AM TSLA Nov 11 $200 Calls $0.80 $1.05 13 31% $309.40
12:06PM IWM Nov 11 $184 Puts $1.15 $1.80 9 57% $574.20
12:11PM BA Nov 11 $172.5 Puts $0.78 $1.10 13 41% $400.40
1:02PM TSLA Nov 11 $200 Calls $0.45 $0.40 22 -11% -$136.40
2:12PM SNAP Nov 11 $10.5 Calls $0.18 $0.30 56 67% $604.80
2:18PM TSLA Nov 11 $175 Puts $0.60 $0.65 17 8% $64.60

Loss review:  I hit some stops on TSLA and some other names as I took too many trades. Need to work on trading less.

Key Takeaways: Look to trade less by focusing on A+ setups that can generate cash flow for the day and done!

Look Ahead: Today was a great short squeeze up and it was too strong, so a pause would be healthy to consolidate recent gains. Congrats longs.

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