Access to Jonah's options trading portfolio
Over the past few weeks I’ve been doing more with options, mostly because I go through hundreds of charts per day and see plenty of short term trading opportunities where options are a better fit than equity because that underlying stock is likely to bounce off a support level whether it be a moving average, VWAP, previous pivot, etc but it might only be a one-day bounce so options work better because a 2-3% bounce in the stock could mean a 15-30% move in the options (depending on expiration date, strike price, etc).
When it comes to options I’m trying to hit singles and doubles, lots of 25-50% profits with the occasional 500-1,000% homerun but I don’t get greedy, when my options are doing what I expect I’ll take profits and if the underlying stock doesn’t bounce where I need it too then I should be selling unless there’s another catalyst coming up soon.
As a paid subscriber to my Trading the Charts newsletter you’ll not only get access to my trading portfolio (up 66% YTD) but now you’ll get access to my options portfolio as well, the link is below the paywall.
FWIW, I made 450% on the CELH options I bought last Friday when they crushed Q2 earnings this week. I also did well on SOXL calls yesterday and my PGY calls should do well today with the stock up 20% pre-market.
Options are obviously much riskier than equities so you need to have even more discipline which includes appropriate position sizes and knowing when to take profits and losses.