DISCLAIMER: This is a simulated educational exercise using paper trading fake money. This is not investment advice and is not intended to be copied.

TLDR

• Trades today
  • SOLD -1 CAR 100 28 APR 23 162.5 PUT @1.75
  • SELL -1 ENPH 100 28 APR 23 210 PUT @6.95
• YOLO

Today In Review

Today I realized I had already hit my monthly 2% return target and I seriously considered just sitting in cash to take the win. However with it being the top of earnings week with large premiums I couldn’t resist but to take a peek at the AI. This lead me into two risky trades.

CAR

First up I noticed CAR flashing green. This had not appeared in previous weeks so I figured the AI must be picking up on something interesting. Digging in, I was seeing a high likelihood of expiration around the $160 mark (as it was trading around $175):

Pulling up the charts however, a lot of the usual technical had a mixed review:

Specifically what I saw was:

• High volume typically correlates with selling
• The Ichimoku cloud was bearish
• The RSI and Bollinger bands indicated it was over sol

However, given the performance of the AI over the last few weeks and a seemingly solid line of support around the $170 mark, I decided to give it a go. There was a particularly tempting premium at $162.50 vs the $160 the AI pointed to, so I decided to be aggressive and go for it. I wrote the put for $162.50 with 4 DTE

ENPH

Next up ENPH. I avoided it the last few weeks but figured it was time to give it a look since I had so much capital able to be deployed. Much to my surprise I saw the AI indicating a potential very strong level of resistance with amazing premiums:

I had to see more. So I pulled open the charts and noticed something interesting, basically the opposite of the CAR situation:

By that I mean:

• RSI and Bollinger Bands indicating there’s plenty of room to drop
• Ichimoku cloud somewhat bullish (if you convince yourself)
• Large volume periods are green

Turning to the options chain the premiums were massive:

I couldn’t help but be intrigued, and at this point I had already hit my 10 minutes a day limit and coffee break was over. So I through in an order to sell 1 put at the $210 mark for a cool $6.95 premium.

Portfolio Standings

Portfolio Value (Open)	$ 102,006.00
Portfolio Value (Close)	$ 102,876.00
Change (Day)	0.85%
Change (Tot)	2.88%
Buying Power (Close)	$ 62,750.00
Trades Made Today	2

Closing Thoughts

Still getting a lot done in ten minutes a day. Today is my most aggressive yet, surely one of these times the AI will be wrong and I’ll be put something…