COST

My goal in with trading is to execute flawless trades. Seek the best entry, manage my risk, and exit with profit. Some of my trades are better than others but this week I bought 5 AMD calls and 5 COST calls. I’m still watching my MSFT diagonal put spread, with my first short put option expiring at the end of the week. Granted, if I get assigned (which is a low probability) I’ll just sell covered calls on those 100 shares. I do have a protective long put in MSFT to act as a back stop to selling “premium.” I don’t know I’ll end up doing this for the long term but I’ll keep this position open till end of May and sell weekly puts against it. ...

This is a trade review of my Costco COST call option trade. Why was I interested in COST? Because earnings was coming and I wanted to catch a price run up. Which way was COST trading? It was in a long upward trend. Was COST making an all-time high? Yes. When did you enter the trade and at what cost? I entered the trade on 3/5/2024. I bought 10 June 21, 2024 COST Calls for an average price of $7.53. Total cost was $7,545 What was COST trading at the time of entry? It was trading around $764. That was my entry. Now what about the exit? Why did I exit and not hold through earnings? ...

This is the start of my weekly market reviews for my trading journal. This is my digital watering hole, where I can celebrate wins and commiserate losses. It’s where I’ll work hard to figure out my new trading strategy and find opportunities in the market. I’m an old trader, definitely not a bold trader. What a week! I sold my stock holding in NVDA for a 20% profit and closed out all my AMD and COST calls. I made 68% profit each for those option trades. Options trading is insane and you can make sick money with it. Of course, you can lose sick money with it too. ...

I bought a call for COST, strike price 900 for June 21st expiration. The strategy behind buying these calls is this: earnings are due for Costco on Thursday and I expect good results. On top of that, COST has been one of my best long-term performers and I wanted to make some extra income from its strong trend. AMD closed down yesterday and NVDA managed to close up. Yesterday was a down day for the market but these two hanging tough in the face of the sell-off means the momentum is strong. ...