Over the longer term and in general, markets do one of two things. They consolidate or they trend (upward trends are called rally’s; downward trends are called corrections). Stocks, bonds, and other components of those markets go up and down on a daily basis within those consolidation periods or trends.
Good week. MRVL was a win. WDAY was also a win (but I wasn't in a trade). One single loser on SPLK (which lost $52). Total profit on the week was $416. Two plays are still open - HPQ (currently at a $200 profit) and OKTA (currently at a -$187 loss).
Stay tuned for my next post on Sunday. We have three plays planned for premium subscribers next week.
The Art of Being Bullearish
Good week. MRVL was a win. WDAY was also a win (but I wasn't in a trade). One single loser on SPLK (which lost $52). Total profit on the week was $416. Two plays are still open - HPQ (currently at a $200 profit) and OKTA (currently at a -$187 loss).
Stay tuned for my next post on Sunday. We have three plays planned for premium subscribers next week.
WDAY had too much risk per contract and I didn't enter. Ideal strikes were $143/148/175/180 for a total credit of $1.53 ($3.47 risk).
MRVL Iron Condor...
https://shared.tradersync.com/ricepirate/44d2aaae-24d6-11ed-9bfd-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
Loss on SPLK. Win on NVDA.
Exited ULTA for a nice win.
https://shared.tradersync.com/ricepirate/bbe4f4be-240c-11ed-9bfd-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
NVDA Iron Condor...
https://shared.tradersync.com/ricepirate/881343fa-240e-11ed-9bfd-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
SPLK Iron Condor...
https://shared.tradersync.com/ricepirate/b36ab48a-240d-11ed-9bfd-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
ULTA Calls...
https://shared.tradersync.com/ricepirate/bbe4f4be-240c-11ed-9bfd-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
HPQ Straddle...
https://shared.tradersync.com/ricepirate/b2a7ed50-2350-11ed-9bfc-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
OKTA Straddle...
https://shared.tradersync.com/ricepirate/3f6946fe-2288-11ed-9bf9-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
I exited my SPY butterfly at a loss.
https://shared.tradersync.com/ricepirate/88b0619a-1ec2-11ed-9bf9-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
Important - if the liquidity (wide bid/ask or low volume) says "no", then don't trade these!