Hello everyone! Today i want to share some trading analysis with you!
1.
Executed the optionselling trade on $SoFi Technologies Inc.(SOFI)$ . Missed out on buying shares and writing puts when price was under 9 at open today 😢. Took a put-write trade later when it was around 9.60ish.
Sold the May 16 expiry at the $6 put strike.
The plan was to go with the April 25th expiry at 7 or 7.5 strike, but called an audible instead. Depending on how price action plays out over the coming days, will either hold the position through earnings or will roll up-and-in to the original target per the plan.
2.
Today was a great day if we were day traders scalping in and out of 0DTE $S&P 500(.SPX)$ betting on directional moves. But, we are not. But, we do like to take advantage of this crazy $Cboe Volatility Index(VIX)$ and sell vol to make some money today.
- 4690/4680 put credit spread
- 5390/5400 call credit spread
Legged into an Iron Condor, going as conservative as possible based on contract pricing at the time of trade. Could have gotten a lot more $$ on both sides of the trade if we played the crazy down move to 4835 and up move to 5245, but decided to ultimately wait until price action settled down and showed signs of how it might play out for the rest of the day. Left a lot on the table, but did the smart thing by waiting to see what kind of day it was going to be. Still made money on the trade. 🤑
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