Friday, December 29, 2023

Friday 29 December 2023 Morning Notes

No trades of note again yesterday, quiet trading during the holiday week leading into the New Year. I can't believe we're already at the end of 2023! Time absolutely FLIES, man. This is the first year since 2015 that I've lost money on my options trading, largely due to my outsized short bet on COIN. I actually made money overall thanks to an even larger position in PFIX that I closed for better than +150% in a couple of years, but it wasn't my plan to use PFIX gains to offset options losses. So it goes! I'll be back out there swinging in 2024 and have a couple new game plans that I'm looking forward to implementing that have historically shown to be "highly convex" trades, where the downside is limited but the potential upside is 3x to 10x+ in a short period of time. Over the years, I've been building a repository of "case studies" for certain situations then analyzing how options have traded following those circumstances. My goal in 2024 is to focus more on those positions and place larger trades that have historically paid out well. We'll see how it goes...

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: CYTK



Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News:

2 days ago AMC:
2 days ago BMO:

2 days ago Other News: CYTK: +60% at 73.19 on drug news; CHRS: +37% at 2.98 on drug news; MARA: +5% at 28 on BTC rally;

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