Some of my trading musings today.

Mar. 13 at 8:44 AM

kimanga

$TSLA wow. If that 187 holds then it will make like 3rd time in a row they tank it on the Fri after I got out of my expiring option on thur

Mar. 13 at 9:05 AM

kimanga

$TSLA Damn I wish I'd kept those 190 puts.

Mar. 13 at 9:50 AM

kimanga

BTO $TSLA Mar13'15 190 PUT @ 1.27, 09:45:54 hoping this is the day we break below that 187-185 support. Damn $ES_F $SPY strong now.

On TBI Skype chat room

[9:53:25 AM] Ki Jar aka kimanga@stocktwits: BTO $TSLA Mar13'15 190 PUT @ 1.27, 09:45:54.  It's also a kinda hedge for the BULL PUT I have expiring today.  I'm thinking SPY selling off today.  I have nothing supporting it. Just a feeling.

Mar. 13 at 10:31 AM

kimanga

Come on $TSLA take out that pre-market and overnight lows. Be a good little dirty over valued momo stock and selloff with gusto like $PCLN

Mar. 13 at 10:54 AM

kimanga

@afernandez321 you were right a/b buying the $TSLA dip but he PP & pre-mrkt was a nice place to lock in some $$ IMO

Mar. 13 at 11:05 AM

kimanga

Could be said $TSLA shorts here too that this is good place to lock in +$$ but like the longs I'm going with greedy

My post on Stocktwits Feb 23, 12:53 PM with my prediction and chart.  Predicted TSLA to go to 174 by end of March.  Stock was at 207 at the time.  Stock has fallen -13 points since.   The suck part about it is that I have not benefited much from this big move down.  I've played it via options and got killed on some of them b/c I played the weeklies and they loss premium or the drop didn't mature enough before the option expiration.  I also closed or hedged a couple of them too early and missed out when the big moves did finally come.   Friday was a perfect example.

Some of my thoughts throughout the trading day.

Mar. 6 at 11:24 AM

kimanga

CLOSED Long $SPY, 20150306, 209.5, PUT, @ 0.63, 11:07:50 Wished I'd kept my 0.85 tgt. I had 1.10 yest. This is freaking huge.

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Mar. 6 at 11:29 AM

kimanga

I'd have loved to say I was benefiting fr this big $TSLA down move but I'm not since I had hedged my position yest. I'm not losing either.

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Mar. 6 at 11:48 AM

kimanga

The flip side of #DOW taking out $T out of the index is that the index gets crushed now as index funds sell $T. $DIA, $SPY, $QQQ, $AAPL IMO

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12:37 PM   Bought BABA put after news alert on RANsquawk that company been named in a lawsuit for selling products that were trademarked.
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BOT BABA Mar20'15 85 PUT 2.25 USD PHLX 12:36:44 OptTrader 1.09 null
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Being sued. Didn't research it. But heard news flash. Figured down mkt so stock wont rally 2 much anyhow to hurt me.

03:19 PM   In such a bear tape and BABA not falling much. I decided to lock in the small profit I have and not wanting to use up my round trade (PDT-rule where small account can only make 3 round trades every 5 days w/out being in violation)  I wrote a BABA Mar20'15 85.5 PUT.  So now I have a  BABA Mar20'15 85/85.5 BULL PUT position
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SLD 1 false BABA Mar20'15 85.5 PUT 2.85 USD NASDAQOM 15:18:19 0.80 null
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I sometimes journal what's going on with my trading day which includes what I'm seeing and thinking.  Here is how today's went.

2015-03-05

CURRENT OPEN POSITIONS
In IB1  Account
LONG 1 SPY, 20150306, 209.5, PUT, @ 0.55 from  2015-03-04

In FX
Still LONG  EUR/GBP @ 0.74026 0 from 2/22/2015 21:02

In IRA  Account
Still LONG  NFLX Mar20'15 400 PUT   @ 6.55 from 2015-01-30
Still LONG  VZ Mar13'15 48.5 PUT   @ 0.52 from 2015-02-23
Still LONG  WTW Mar20'15 18 CALL   @ 1.87 from 2015-02-24
Still LONG  TSLA Mar06'15 195 PUT   @ 1.81  from 2015-03-02
Still SHORT - TSLA Mar06'15 197.5 PUT   @ 2.05 from 2015-02-25

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09:00 AM   Market is up. ES up 4.75 to 2101.25. Was higher but came back a little.
TSLA up big in AH. Went up to 203.50.  VZ up to 49.18.

TSLA opened slightly positive.  I had been planning on getting puts at open.  It fell to slightly negative when I finally put in my order.  It moved lower by less than -$1.  Then pause and I thought about pulling my order but it got filled before I could as price moved back up.
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BOT false TSLA Mar13'15 200 PUT 3.52 USD NASDAQOM 09:33:09 0.79 null
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09:43 AM   WOW. TSLA really rallying.  It just broker above R1 and made HOD of 204.1. Up +1.66
203.94 +1.50 (0.74%) LAST UPDATED 9:44 AM EST MAR 5, So open is 202.44
WOW WTW now down to 9.75.  Seems like that's what I should have bought PUTS on.  ES has fallen and my option are still underwater but not as bad as they could be.  For a minute it seemed I might be able to get out at b/e but it was short lived. Option was 0.52/0.53.  Now 0.42/0.43 as ES bounced off the PP.  TSLA option now 2.73/2.99 as the stock rallies to 204.7 up +2.28.  Wow. I'm really taking a breating. The market has ralled now too.

 Mar. 5 at 9:41 AM kimanga
LONG $TSLA Mar13'15 200 PUT @ 3.52, 09:33:09. Still in downtrend. Selling the rallies at open. Let's see if it can buck the down mkt

09:50 AM   More beating from TSLA 205.75.  Option 2.21/2.51.  SPY option 0.35/0.37
09:52 AM New HOD on TSLA of 206.19 up +3.75.  I could have used a win like that.

 Mar. 5 at 10:06 AM kimanga
$TSLA downtrend still not broken. Need to go up above 211 today for me to consider it broken. My bias still short http://stks.co/s1dQW Bearish

 Mar. 5 at 10:13 AM kimanga
They trying to manipulate media again today. Last wk it was a/b $AAPL to invest in $TSLA. Here's that rpt again http://stks.co/q1dgX  https://www.youtube.com/watch?v=QnNktpK6y-4

 Mar. 5 at 10:16 AM kimanga
$TSLA They are building GIGA factory, take over China, growing in Norway. Same song every day. Earnings means something. Still need to beat

 Mar. 5 at 10:30 AM kimanga
Bummer I missed a great opportunity to buy back my short leg of the $TSLA 197.5/195 BULL PUT expiring tomorrow for $0.12. Pay attention son.

Mar. 5 at 10:33 AM kimanga
$TSLA If we get a sellofff in the market I see 198 today as being done deal. http://stks.co/i1ugO

Mar. 5 at 11:25 AM kimanga
CLOSED short leg of 197.50/195 BULL PUT Spread. BTC $TSLA Mar06'15 197.5 PUT @ 0.43,11:12:02. Taking a loss -0.21 loss and risk off. ...
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BOT false TSLA Mar06'15 197.5 PUT 0.43 USD NASDAQOM 11:12:02 0.79 null
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Mar. 5 at 11:33 AM kimanga
If $TSLA close 3/6 betw 197 & 195 then I'd be losing more than 0.43 w/ the bull put sprd. Now I might benefit w/ the 195 PUT leg if it falls

Mar. 5 at 11:35 AM kimanga
I also could have closed the whole spread $TSLA 197.5/195 Mar 6, 15 spread for a small profit to +0 to 0.18 but I think stock falls today.

12:44 PM   WOW WTW down .38 to 9.59 now.  ES is off the highs but not breaking the lows. I't holding up pretty good above the pp.  TSLA has fallen of from the highs and now down to 200.72 -1.72 (0.85%) LAST UPDATED12:45 PM EST MAR 5.
VZ down -0.18 to 48.91

01:11 PM   Damn Damn Damn. SPY broke below 210 for a few mins then rallied again. ES trying to break through PP convincingly. Was so close to being profitable on the PUTS.  TSLA was so close to where I needed to write that PUT also. BUMMER.  TSLA was down to 200.21 and option was at 5.5/5.85 I needed 6.50 to price on the short leg.
ECB to start it's QE program next week so I'm expecting a rally but I'm hoping for selloff today first.

01:16 PM   Looks like I'm going to have to cut losses on SPY option.
01:33 PM   TSLA rallying, now only down -1.17.
01:50 PM   This bites.  TSLA ralled to where it's now down only 201.74 -0.69 (0.34%) LAST UPDATED 1:51 PM EST MAR 5.  The option is at b/e bid.  The ES also has rallied and doesn't seem to be pulling back
02:42 AM   TSLA pulled back a little to the 200.58 PP but bounce badk to now 201.36.  It's getting tiresome. Wish I'd just cashed out at 4.50 even if I'd be close to violating PDT or if I'd just sold the 205 PUT at 5.65.  Truly wished I'd closed the SPY PUT at 0.54 for 0.02 loss as now it's trading at 0.33/0.34

03:32 PM   TSLA It's pulled back a little but the option has lost a lot of premium.  200.82  -1.61 (0.80%) LAST UPDATED 3:31 PM EST MAR 5.  Keeps chipping to 20120.  ES had ralled back over 2100. Pulled back to 2099 but not holding it.

03:52 PM   All day I'd been trying to get filled on an order Write thewhich would make the trade a no losing trade but the option didn't trade that high.  I chose to Write the put as opposed to just closing my position because I didn't want to use up my last 2 trades before remaining of the 3 to avoid PDT violation.
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SLD false TSLA Mar13'15 202.5 PUT 5.38 USD NASDAQOM 15:50:17 0.80 null
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03:58 PM   CLOSED the Mar06'15 195 PUT for fear of it expiring worthless tomorrow when I can close it now and break even or even be + on the net trade.   This is part of my preserving capital trade.  Unfortunately I didn't practice it yesterday and today with my SPY trade. Had I closed the SPY trade I might have been able to enter the long side.
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SLD false TSLA Mar06'15 195 PUT   0.25 USD NASDAQOM 15:59:36 0.79 null
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Mar. 5 at 5:05 PM kimanga
CLOSED the TSLA Mar06'15 195 PUT @ 0.25. Could haev closed earlier at 0.45 but had 198 as tgt for day. Net fr the 5 as 1 trade +0.60

BTO   TSLA Mar06'15 200 PUT @ -3.07 from 2015-02-24
STO -  TSLA Mar06'15 197.5 PUT @ +2.05 from 2015-02-25
BTO   TSLA Mar06'15 195 PUT @ -1.81 from 2015-03-02
BTC -  TSLA Mar06'15 200 PUT @ +3.61 from 2015-03-02
BTC   TSLA Mar06'15 197.5 PUT @ -0.43  from 2015-03-05
STC -  TSLA Mar06'15 195 PUT   @ +0.25 from 2015-03-05
NET P/L from trades (to avoid PDT): -3.07+2.05-1.81+3.61-0.43+0.25 = +0.60
Seems like a lot of work. The trade on 03/02 was a mistake. I was trying to swap the short leg. Could have been more if I let the legs expire worthless tomorrow but if it didn't and the stock came down to 195.01, then I'd have a loss of 249+commissions and assignment fees.

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