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Robinhood Live Options Trading Day 1: Today's options will be tomorrow's analysis

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kryptoking133.895 years agoSteemit3 min read

Current Account Value based a $1000 deposit, and all open options trades.
https://cdn.steemitimages.com/DQmSs4HM85tKZVsEAS3Xru5Z6fcuP3nVyaFUSd52ugsmzN8/image.png
Around 2PM today my account was at it's highest value. This tends to happen daily, there will be lows and highs; the balance will reflect.
https://cdn.steemitimages.com/DQmRZzjZU3HRRcHiRNV52VbXNbfA8Hzq81jmnUMypdUVFD4/image.png
 
These are the current open positions I have on Robinhood options trading.

Current General Electric (GE) Long Call Option Expires 8/2/19 Current Stock Price https://www.tradingview.com/symbols/NYSE-GE/
https://cdn.steemitimages.com/DQmZ7whYKpDqHhkxYAgLch3hixxhex4w8JbNEpNmkMFoDRr/image.png
10 Contracts (100 shares per contract) x .10 cents = $100 total position amount.
This position rose today to $210 as you can see below, then on news that GE was replacing their CFO, the price dropped (as shown above). I would like to have sold, but i like to keep my positions open a minimum of 24 hrs.
https://cdn.steemitimages.com/DQmc9qUZhrR45Py41BPg3LPNboBTwcNWCFAWghFLZfKm5vy/image.png
Technical analysis shows this is a Buy on the Summary for the 1Day chart, but this news changes things. The earnings call after market close today, will shed light on the direction of where this stock is headed, along with my option. :)
https://cdn.steemitimages.com/DQmXw3wtsEFeQvRZh5g4kSKyqM4WTewQwbhiVdhLCGeppQd/image.png
Let's see how it does tomorrow.
 
Enphase Energy (ENPH) Long Call Option Expires 8/16 1 Contract at .90 cents x 100 shares = $90 position. Current Stock Price https://www.tradingview.com/symbols/NYSE-ENPH/
https://cdn.steemitimages.com/DQmdk1vBkc1x7Eb7k9SpwL227x4Ggdd5W91RjvF1ppWataQ/image.png
Aftermarket data from 7/30/19 showed that ENPH rose by 14% after hours
https://www.nasdaq.com/extended-trading/afterhours-mostactive.aspx
...... so I looked at the option activity on:
https://marketchameleon.com/Reports/UnusualOptionVolumeReport yesterday and IVR was up, so I placed a Long Call.

https://cdn.steemitimages.com/DQmVT7hBiDMFAmqRao622kNEZ1pdr9oxMX8BszBsKkYGHS9/image.png
Clear distinction between call and put orders.
https://cdn.steemitimages.com/DQmRHhai15npAbYFupW1gKWcDQhA3wKsp8mcZ6Je6actZar/image.png
Technical Analysis shows it's a good buy, Let's see how it does.
https://cdn.steemitimages.com/DQmcd3EjRQrVbB1qaJ3gWDZ8cJVSkWXv5j6nox1ztSzG7oM/image.png
 
Aurora Cannabis (ACB) Long Call Option at .06 cents x 16 contracts = 1600 shares = $96 position Expires on 8/2/19
Current Stock Price https://www.tradingview.com/symbols/NYSE-ACB/
https://cdn.steemitimages.com/DQmeJJd7A56SxNbQ226dJhGYjiqNApQxFbphtmJdwheMNHi/image.png
Analysis shows it is a Strong Sell
https://cdn.steemitimages.com/DQmXVNiYCuzBSXvKW7vamaFGb8dsrYpyXtuqEfSTehsEwuh/image.png
However; I like this stock because I have made money on it before, it has fallen quite a bit over the last month, and the company has sold some assets to increase liquidity, gained a new partnership, and is stabilizing their supply and demand balance. I am also buying a Put on this stock, which you will see next.
https://cdn.steemitimages.com/DQmU74CgBBcHsaZqtXrBDyk6zVnVaE1ZwiEKag1Jb75UJ2m/image.png
PUT option : 6 contracts x .17 cents each = 600 shares = $102 total position Expires on 8/16/19 and we will keep an eye on this as it will likely be the one in profit. If ACB continues down, we can sell the CALL short tomorrow at a loss, or let the contract expire, and we will likely make up the loss with this PUT option if we stay in until expiration.
 
GoPro (GPRO) Put 4 contracts at .25 cents x 400 shares = $100 total position
Current Stock Price https://www.tradingview.com/symbols/NYSE-GPRO/
https://cdn.steemitimages.com/DQmaC36JoVcgNRkkN2wFNFyXjiUh1o4G14Zr6iL5EAkGAWn/image.png
Estimated Earnings are a net loss.
https://cdn.steemitimages.com/DQmSwnYmnLiFBQfbJacHFYbSF9pSgzsJBBEMwrQ5sNnCHTZ/image.png
Technical Analysis shows this as a Sell on the 1 Day. Let's see how it does.
https://cdn.steemitimages.com/DQmZ6CZzmj7zXMPHnzyySMr1CTTp3zEd6PQV3QryJT736r6/image.png

You can find Technicals by scrolling down on the stock page on Tradingview.com
Example: https://www.tradingview.com/symbols/NYSE-ACB/technicals/
https://cdn.steemitimages.com/DQmPdM3w29LbBomrebi8ohBtN7kEcypktTspVdFHr6a6TCa/image.png
 

I am not a financial advisor or offering financial advice. I am only documenting and showing my results based on my own Technical Analysis, along with reading the news, earnings reports, unusual trade volume, etc.
This is not an indication to buy or sell.
#share2steem #steemauto #optionstrading #robinhood

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