StockFetcher Forums · Stock Picks and Trading · Snake's Options Journal<< 1 2 3 4 5 >>Post Follow-up
sandjco
648 posts
msg #154204
Ignore sandjco
10/7/2020 8:34:37 AM

hi snake!

how do you manage your position size re: 25 trades at 25% starting at $4K?

are you meaning each trade taken will be $4K in size (which is what i assumed you meant)?

Tks!

svtsnakebitn
148 posts
msg #154205
Ignore svtsnakebitn
10/7/2020 8:56:49 AM

Hey - I send 50% of my account and look for a 50% gain, which equates to a 25% total account gain. I will compound my gains, so 25% plays each play (outside of an inevitable loss) for 25 plays starting from 4K equates to around $1M.

I usually average down if it moves against me at the open and look for a breakeven exit, which I did not do on my last play and paid for it!

svtsnakebitn
148 posts
msg #154369
Ignore svtsnakebitn
10/19/2020 9:05:17 AM

Missed a signal on XLE Short on Friday. As long as the option doesn't move too far I will be buying XLE puts for this Friday 10/23.

svtsnakebitn
148 posts
msg #154372
Ignore svtsnakebitn
10/19/2020 9:44:07 AM

was able to grab 48 29.5 XLE puts @ .22 this morning 10/23 expiration.

svtsnakebitn
148 posts
msg #154379
Ignore svtsnakebitn
10/19/2020 3:41:43 PM

Just sold the 48 contracts @ .37 for a 70% gain.

shillllihs
5,490 posts
msg #154383
Ignore shillllihs
10/19/2020 6:25:53 PM

Very sweet

svtsnakebitn
148 posts
msg #154408
Ignore svtsnakebitn
10/22/2020 4:11:04 PM

Picked up 30 VXX 10/30 $21 Puts @ .38 right at the close
Picked up 25 XLF 10/30 $25.50 Calls @ .26 right at the close

Have around $250 to throw at it tomorrow if these go against me at all.

svtsnakebitn
148 posts
msg #154442
Ignore svtsnakebitn
10/26/2020 12:44:33 PM

Stop loss at 50% down on VXX puts and XLF Calls. Back to my beginning amount.

svtsnakebitn
148 posts
msg #154594
Ignore svtsnakebitn
11/10/2020 3:58:51 PM

Haven't posted in a while - took a little break during the election based on volatility.

Just picked up 17 contracts of GDX $36 11/13 PUTS for .15 right before close.

svtsnakebitn
148 posts
msg #154610
Ignore svtsnakebitn
11/12/2020 2:02:45 PM

Late post, but ended up selling for .16 yesterday. Tried to hold out for 100% up, but only hit 75% - should've taken profits, but sold before I incurred a loss.

Watching TLT calls very closely - more news about lockdowns will send this market into a tailspin.

StockFetcher Forums · Stock Picks and Trading · Snake's Options Journal<< 1 2 3 4 5 >>Post Follow-up

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