Flipped a straddle in CAVA for a quick +20% yesterday, then watched it run for better than +50% moments later. My account has been fully transferred to IBKR, and I placed my first options trade yesterday through TraderWorkstation, a 120/125/130 call butterfly in TGT. A 1-lot trade that I flipped for +37% at EOD. I nearly shat myself after I got filled because I thought it kept filling 1-lot orders, but it was just TWS displaying the PNL of each individual leg of the butterfly. I was thinking "what the hell is going on here!?". This is why I stuck to a 1-lot trade. Will probably be doing more of the same until I'm familiar with the TWS environment.
Yesterday AMC: ELF, INTU, NVDA, URBN
Today BMO: AAP, DE, NIO, WMT
Other News:
Follow through names to watch: CAVA, TGT, ARM
Today's watchlist:
Follow through watch:
Day before Y'day AMC: CAVA
Day before Y'day BMO: ADI, LOW, TGT, TJX, VFC, ZIM
Y'day Other News:
2 days ago AMC:
2 days ago BMO: BEKE, BILI, HD
2 days ago other news:
Why did you buy that straddle it seemed overpriced? Thanks!
ReplyDeleteHistorically buying vol in that name in those circumstances has been a winning trade. Need to take into account implied move vs. realized moves to determine value
Delete