I love this type of volatile markets, where the weak and unprepared hands are washed out, leaving the true players in the game. I placed 2 orders this morning, and they were both filled.
- NFLX weekly spread: 225-230 call, with a potential profit of $0.6. Due to low volume, my call orders were not filled. I replaced the call orders with a put spread (225-23o), potential profit: $0.43. The order was executed.
- PCLN weekly put spread (480-485), potential profit: $0.4. (I chose put due to higher liquidity or higher volume). The order was filled.
My potential weekly return for this week is 4.8% (for one of the trading accounts where I do more spread trading recently).
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
