Due to CME’s malfunctioning, seems like SPX trading is frozen. Maybe they’ll resume trading when the market opens and the indices are calculated. Then I’ll know if it’s worth it to trade today, since it’s a short session and premiums will be small.
Sold 2 SPX and 1 XSP for 70 points below futures price and 90 points above futures price.
Ended well and early. Have a great Black Friday and weekend!
Welcome to Options Trader Journey. Here I will share with you my journey to financial independence with options.
I opened this blog right after the worst day I had trading options, losing about six months’ worth of profits. That was due to Trump’s tweet about China which sent the market down almost 3%.
The lesson I learned was very simple: get out on time. When everything goes well, I let the options expire. When the market goes against me, I tried rolling (worked once, then a massive loss) and going to assignment (worst day since I started). My next attempt will be closing when the market drops enoguh, reassessing, and perhaps opening more trades later. Better to lose a month’s effort than six.
Starting tomorrow, I will post my trades here. Not exact strikes and price, just a brief summary of what I did. Feel free to comment and let me know your thoughts.
