Good day today! Finished the day up $32.59, and also contributed my $100 for this month, so at the end of the day my account value is up to $1,966.
Today’s Positions
- Canopy Growth Corp. (CGC): 40 shares @ $27.46 (3.51%)
- YETI Holdings, Inc. (YETI): 10 shares @ $30.00 (-2.28%)
- Microsoft Corp. (MSFT): 1 share @ $137.32 (-0.15%)
- Tailored Brands, Inc. (TLRD): 40 shares @ $5.10 (1.39%)
I added to my position in Tailored Brands today. It tested $5 shortly after open this morning and again at the end of the day just prior to close. So, I added 20 shares about 20 minutes before close at $5.03 per share. My average cost per share is now $5.17.
My gains today came from Canopy Growth. Up just over 3.5% today brought my current losses on CGC back under $400, so that’s nice.
OptionAlpha Paper Trades
The bear vertical spread I opened in ADPT did really well today, but is also further confirming that I have no idea what I’m doing yet. I expected to profit when the underlying stock stayed flat or dropped. Instead, today’d P/L on the position shows +$32.91, but the stock is up 8.65% on the day.
The 50 strike 18 OCT 19 call leg that I bought appears to have gone up by $122.25 today, and the 45 strike 18 OCT 19 call leg that I sold appears to be down $89.34 today. I’m still in the red overall on the vertical spread, down $5.28.
The TLRD call credit spread I opened up Wednesday morning was pretty much flat today, losing 32 cents. Overall P/L is still +$18.63.
I still have much more to learn on how things work with these spreads. Have to spend more time studying, but that’s why we’re paper trading!
FNMNY 