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FB Calls are up but we lost on TSLA and AAPL

When you think you got it, you ain’t got it. The good news is the FB call made some money that i wasn’t a complete lost in the whole account and I was actually still up. This facebook call was pretty difficult for myself to do because I have been burned on FB before. But that was because I did not use stop losses which is very important.

So we decided to swing FB since it was rallying all last week.

FB in 8-24 Chart
FB in 8-24 Chart

FB +44%

That was great! Because we sort of sized up on that position. I felt the risk but that’s OK.

Now…let’s not YOLO…

The last few days were just all apple and TSLA calls so I figured I should play them.

AAPL 8-24 Chart
AAPL 8-24 Chart

AAPL -50%

Well,, I was waiting for that pull back but it did not come in. I thought the flow was going to be there but nope I just got burned. I could had broke even but the contract price was too high for me to feel comfortable hanging on to. But hey..not a problem.

TSLA -9%

My favorite stock since I’m a bag holder since $829 LOL.

TSLA 8-24 Chart
TSLA 8-24 Chart

I decided to let it go because I was on a weekly and I was way out of the money. Another dumb rookie move but that’s OK but I understand how these things start to work out. It’s harder to read something and try to understand vs having it happen to you.

As for TSLA to go up, I have my own opinions on it and I’m very bullish just like most people out there.

This is it for now as there was not much flow that we could have done. I did stack up on more PINS for 11/20 calls.

 

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