Last Couple of days I opened the following trades.
1. WAG Put 67.5 sold on high IV. WAG slid from 72 to 70. So I am now worried.
2. FB Put 60 sold.
3. CAVM Long stock. Got hammered by today's 4% slide. Bought Calls to increase exposure. This is a very risky thing to do. I am exposed further. No hedging at all.
Today the VIX shot up 40%. And I regret not buying some last week. The malaysian airline shot down over Ukraine fueled the sell off. VIX has been at historic lows and refused to budge to any news. This will play out one of two ways.
1. This will begin escalation of the conflicts in Ukraine. and the markets will go into a correction. It is clear to me that my tech heavy portfolio will get hit very hard.
2. Tomorrow or next week, will be business as usual and my positions would recover.
+ 1 day
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In usual style, the market shrugged off the jitters, essentially reversing yesterday. Now going into next week, I hope to get rid of CAVM calls for a ~15%, while keeping the long stock.
Watching closely the WAG & FB short puts.
For now, the strategy is to make 1-2% on capital with a ~ 2 week time horizon. Trade small - trade often .
---------
In usual style, the market shrugged off the jitters, essentially reversing yesterday. Now going into next week, I hope to get rid of CAVM calls for a ~15%, while keeping the long stock.
Watching closely the WAG & FB short puts.
For now, the strategy is to make 1-2% on capital with a ~ 2 week time horizon. Trade small - trade often .
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