| Good morning,
$2K SAJ 3 day workshop:
Part I replay Part II replay Part III replay
I put the META, put credit spread, in the boat Tuesday and am cash headed into Wednesday's 2 pm ET FOMC minutes.

$2,000 Small Account Journey balance: $8,377 Status: cash

Results are not typical and will vary from person to person. Nothing is guaranteed.
I am watching NFLX -$330 / +$325 put credit spread for $1.50 credit expiring Friday March 3 or Friday March 10. In an ideal world, the market dips again Wednesday and I can move down another strike or two, to -$320 / +$315. Let's be patient and see how the market reacts to the FOMC minutes Wednesday afternoon. Earnings winner. Strong guidance. Subscription growth, due to crackdown of account sharing outside the household, should be a big driver for the stock.
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There are 4 Small Account Journeys in 2023. Each starting on the first day of the new quarter.
Q2 $2,000 SAJ starts April 1 Q3 $2,000 SAJ starts July 1 Q4 $2,000 SAJ starts October 1
If Q1 SAJ is still going on April 1, when Q2 starts, any new trade made will be the same for both balances so the only difference will be the amount of contracts e.g. 10 contracts allocated to Q2 balance and 30 allocated to Q1 balance. But tracked in journals separately. All Journeys are traded out of my bigger TD account.
I will run each $2,000 balance until it goes to $0 or gets too big that I'm uncomfortable risking the full amount.
$2,000 JOURNEY guidelines:
Tickers: best companies in the world and earnings winners so AAPL, NFLX, TSLA, META, etc… Order type: put credit spread (neutral to bullish i.e. good companies tend to go up) Target entry: defined by technical analysis (sell below big support to boost odds) Credit: 30% of the spread width i.e. $2 wide = $.60, $5 wide = $1.50, $10 wide = $3 Debit goal: 50% of the credit i.e. $.30, $.75, $1.50 from examples above Stop loss: defined by sold strike Allocation: 100%, roll balance into next trade Expiry: 5-7 days from expiration (fastest rate of option decay) Hold times: 3 days on avg. (time decay favors the seller so I want to be in trades) Trades / week: 1 on average so far
 Jason Bond |
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