I'm shorting something

١٩ ديسمبر ٢٠٢٣

Just bought puts exp. 12/29 strike 17.5. I'm so bullish on the market that I want to hedge a little bit.
Price is forming a bearish flag after a HS. Looks very bearish in short term. I'm giving it a shot, I think is to break down soon.

٢٠ ديسمبر ٢٠٢٣

ملاحظة

Down, down, down. Bought enough puts to hedge my longs:

٢٢ ديسمبر ٢٠٢٣

ملاحظة

Buying more puts. those two inside candles are coiling up the fall:

٢٦ ديسمبر ٢٠٢٣

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Hope it doesn't break up the mini flag:

٢٧ ديسمبر ٢٠٢٣

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Almost there:

٢٨ ديسمبر ٢٠٢٣

ملاحظة

I bought more puts but expiring two weeks from now. I'll give it more time just in case. Just to be clear, I only use a fraction of my profits on options. My big gains come from my long positions, I go very heavy and wait patiently. Even if the stock goes against me in short term I hold off, bc stocks have value and when I see they are turning back up I buy more. Sometimes I write covered calls during the fall. It's very unusual for stocks to go to zero, I take the loss when I see that could happen. Only two times has happened to me, very low rate.

٢٨ ديسمبر ٢٠٢٣

ملاحظة

Longer the flag harder the drop. Squeezing a bearish flag after an HS is never a good idea.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

We may have a bounce off the support line. I'm not risk it. :

٣ يناير ٢٠٢٤

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