Hope everyone had a great 4th of July. While I enjoyed the break, I was itching to get back into the market. The morning action wasn’t a surprise and neither was the dip in my account. I’m about 50% cash right now so I’m feeling fairly comfortable. I’m still heavily negative delta which is a concern. I can’t for the life of me hold on to any calls without getting stopped out. I may end up hedging against a bounce with some index calls but I need to figure out how to implement that into my trading plan. A contingency plan of sorts I suppose.
Contracts traded: 9 (ILMN loss, V roll, STT roll)
Profit / Loss : $933
*** New Account High ***
I’m now looking at a 30% profit from my initial investment last year + the loan I gave my account earlier this year. The longer this keeps up,the more I’m thinking maybe things are falling into place. We shall see I suppose!