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Options Trading Journal 2024-10-15

Today was a busy day in the options market, and I executed several trades across various underlying assets. Here’s a breakdown of my activity:
GDXJ – Gold Miners ETF
I closed out my short put position on GDXJ, which I had initiated yesterday. I sold the put at $0.89 and bought it back at $0.70, realizing a profit of $17.14. This trade was a simple short put strategy, where I profited from the movement in the underlying price. A quick return for just a few hours. As usual, I close the positions if the price decline is much faster than its linear decay.

ABR – Abercrombie & Fitch
I entered a short put position on ABR, selling the put for $0.23. This trade is intended to run until expiration. I'm bullish on ABR and believe it has the potential to rally in the coming weeks. This trade is a simple short put strategy, similar to the GDXJ position.

TPR – Tapestry, Inc.
I sold a put option on TPR for $0.42. This trade is designed to run until expiration. I am bullish on TPR and believe the underlying price is likely to stay above the $43 strike price. I'm using a classic short put strategy for this trade, hoping to capture time decay and the premium received.

CMCSA – Comcast Corporation
I closed out my short put position on CMCSA. I had initially sold the put for $0.45 and bought it back for $0.29, realizing a profit of $13.90. This trade was a simple short put strategy.

F – Ford Motor Company
I closed out my short put position on F. I sold the put for $0.38 and bought it back for $0.22, realizing a profit of $13.68. This trade was a simple short put strategy, similar to the GDXJ and ABR positions. I executed this trade in a slightly longer timeframe than others, which was dictated by the overall market sentiment.
I'm continuing to monitor these positions closely and will make adjustments as needed. Overall, today was a profitable day for my options trading.

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