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 EXPE 100 5 MAY 23 88 PUT @1.56
• Premiums on ENPH calls were not enticing enough to write

Today In Review

Today was busy and I had very limited time. My primary focus was to do something with my 100 shares on ENPH. When I checked late morning however there were no compelling call premiums this week. A strike ~3% up was only selling at a premium < $0.50. I didn’t want to risk it at this time.

Next I looked towards what else the AI was flagging today, and I saw EXPE flash for the first time.

As usual, I did a spot check on the technicals:

This is another interesting example of the technicals and my AI not lining up. What the chart shows is indicating EXPE is very overbought (RSI and Bollinger Bands). However the Ichimoku cloud was showing a bullish pattern.

EXPE was trading around $95 at this time, and the AI was indicating support at $88. Looking at the chart, you can also see a support line around $89. An $88 put was selling for ~$1.50 premium. I liked the risk reward profile of this, especially given how cheap EXPE’s price is (i.e. having a low effect on my capital in reserve). So I put in a limit order and sold a put for $1.56.

Portfolio Standings (WIP formatting)

Portfolio Value (Open)	$ 98,498.00
Portfolio Value (Close)	$ 98,654.00
Change (Day)	0.16%
Change (Tot)	( 1.34% )
Buying Power (Close)	$ 70,200
Cash (Close)	$ 82,078.00
Equities (Close)	$ 16,420.00
Trades Made Today	0

Closing Thoughts

Hopefully the ENPH premiums call side are higher tomorrow