lsbear85's SNAP Trade $-192.20

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Trade Details
Published: Feb 03, 2022
Status: Closed
Broker: TD Ameritrade
Asset: Stock
Symbol: SNAP
Type: Long
Portfolios: Swing Trades
Patterns: Swing
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
0.06 0.01 $0.00 4,000.0 $243.00 -79.09% $-192.20
Transactions
3 entries
Date Side Amount Price Commission Reg Fee
Feb 03, 2022 16:18:19 Entry 2,000.0 $0.06 $0.00 $0.00
Feb 03, 2022 17:06:46 Entry 2,000.0 $0.06 $0.00 $0.00
Feb 04, 2022 17:42:16 Exit 4,000.0 $0.01 $0.00 $0.00
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Notes

Earnings swing.  My calls overnight looked like they were going to print big time.  I was wrong, the bad news that was suppose to come out today about payroll numbers was actually positive so the MM used the yield to bring tech down.  My options are going to expire worthless today and the stock moved 50% up from the night before.

What to take away from this experience:

Option swings need more time on earning plays or 0DTE have to be in the money or within 3 strikes from the money

Stop trying to hit home runs and focus on what I can control

My position was not large at all, but this trade was disappointing as it should have been profitable..

Last minute push at the end of the day allowed me to clear 1 penny on my contracts so on a positive note I will roll the contracts.




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