I had to close BABA a loser today – it was frustrating how much it just kept going against me – With only 9 days left at the time I figured I would rather get out for a $60 loss than the max loss of $150
Here is the option chain for Alibaba
Here are the statistics of the trade.
Buying power reduction: $150
Profit after fees: -$62.58
Profit as a percentage of buying power reduction: -42%
I was able to close a tiny winner in a USO Debit spreads. I usually like to manage these at 25% instead of the usual 50%
Here are the stats for this USO options trade:
Buying power reduction: $35
Profit after fees: $6.42
Profit as a percentage of buying power reduction: 18%
This Alibaba loss and my loss to the Boeing position I’m now down -$36.80 for this cycle so far. I have until next Thursday the 20th to cash in some winners to have a winning month.
All my positions and basic Greeks.
Risk Graph for the whole portfolio
Buying power and net liquidation for the options portfolio