Swing trading 3 week expiry date Calls and Puts on
major stocks (Apple, Microsoft, Meta, Nvidia) and
Precious Metals (Gold, Silver, Platinum) typically
$25k-$35k per trading batch, 2 stocks at a time max.
Taking profit on a Thursday before the week of
expiration to avoid too much Theta decay.
Had a couple batches of Bitcoin ETF Puts dated 3
Weeks out, kinda lucked out with the timing of the huge
tank down to low 80s.
Entries based on RSI, MACD, MA50 & MA200, Bollinger
Bands and Ichimoku Cloud for partial confirmation.
News plays a part as well sometimes, but usually by the time we're hearing most things the Insiders and MMs already have made most of their moves on that
information.
Take profits were based more on timing to avoid Theta
Decay, or when big move to the upside occurred. Had
some Stop Losses set at 50% but only a couple smaller, less confident plays ended up hitting them.
The Portfolio Value Dip of \~$90k was me withdrawing
partial profits to invest in my next Raw Land
Development project.