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
  • None
• Expirations
  • 1 Put BA
  • 1 Put CAR
• Exercises
  • 1 Put ENPH

Today In Review

For this post I’m actually combing two days – Thursday and Friday.

Thursday was super uneventful – I had 0 time and a heavy capital allocation anyway so I didn’t trade, didn’t check the charts, just put full faith in my limit orders to do their job.

Friday is where things get interesting. At this point I had 3 put contracts set to expire:

• CAR
• BA
• ENPH

CAR and BA were out of the money and appearing to be super safe. They ended the day positive and expired worthless, allowing me to retain all my capital

ENPH is a fun one. As noted earlier in the week, the market totally puked after ENPH had an earnings beat and tanked after hours. This put my $210 put squarely ITM as ENPH was trading at $165. I was certain I was going to be put this stock.

I commented in the last post that I would be comfortable holding this asset for a bit as I feel it would recover down the line and I wanted to have a go and playing around with calls finally. It looks like I now have my chance, as I let the contract run through the day and was put 100 shares of ENPH at quite a loss.

This makes my portfolio less impressive for the month than what it realistically could have been should I have been more risk avoidant.

Portfolio Standings (WIP formatting)

Portfolio Value (Open)	$ 103,078.00
Portfolio Value (Close)	$ 98,498.00
Change (Day)	( 4.4% )
Change (Tot)	( -1.5% )
Buying Power (Close)	$ 79,000
Cash (Close)	$ 82,078.00
Equities (Close)	$ 16,420.00
Trades Made Today	0

Closing Thoughts

I’m excited to play around with calls. I am thinking moving forward though I should start treating this with less risk and better simulate my own risk tolerance. Typically I would not have been that risky on the ENPH contract in the first place. While I want to put this product through its paces, I should better emulate my “real money” mental conditions.