Setups for July 16
Recap of SLP, WFC, ERIC and no setups today
No trades today.
After filtering, there were no AMC earnings today or BMO earnings tomorrow with an expected move over ±5%. Per my strategy rules, I’m skipping the day.
Recap of July 15
Three positions were opened: 2 straddles and 1 strangle
Total budget (Max Risk): $989
Final result: –$12
→ View full breakdown in Google Sheets
SLP — Straddle
CALL: –$191
PUT: +$306
Net: +$115
Comment: Solid downward move, clean result.
WFC — Strangle
CALL: –$216
PUT: +$125
Net: –$91
Comment: Volatility was there, but I exited too early. A more patient exit could’ve brought a small gain.
ERIC — Straddle
CALL: –$82
PUT: –$12
Net: –$94
Comment: Not enough move. Both legs stayed flat.
Mistake of the Day:
I started exiting positions about 10 minutes after the open, before the market had time to settle.
This went against my own plan. Waiting another hour or two could’ve shifted the outcome into moderate profit.
Plan for July 16:
No trades planned.
None of the upcoming releases meet the criteria for expected move over ±5%. Standing aside.
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