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Options Trading Journal 2024-10-14

This journal entry covers the options trades executed on October 14th, 2024. It’s important to note that this is purely a record of my trades and does not constitute investment advice.

INTC (Intel Corporation)
Sold 1 contract of INTC November 1st, 2024 put option at a strike price of $22 for $0.84. This position remains open. I’m using a wheel strategy here, aiming to benefit from the stock’s slightly uptrend and potential for a bounce off the support level. The strike price is at a key support level, making it a favorable entry point for a potential profit.

F (Ford Motor Company)
Closed a put options trade on Ford. The option was initially sold on September 20th for $0.26 and bought back on October 14th for $0.09, resulting in a profit of $15.20 after commissions.

GDXJ (VanEck Vectors Gold Miners ETF)
Sold 1 contract of GDXJ November 15th, 2024 put option with a strike price of $46 for $0.89. GDXJ built a nice channel, the price is in the middle of it. So it became a good opportunity for this trade with the strike outside the channel and below the 50EMA.

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