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End of Week Update: 06/10/22
Shorted $DKNG last week at $13.51 and closed that today at $13.20. It very well can go lower, but it is consolidating currently which means it should see a big move one direction or the other next week. I closed my short end of day as the weekly showed signs of an inverted hammer. I prefer to play probability as this seemed like a 50/50 play at end of week. Happy with my 2% gain.

Shorted $FVRR at $41.02 and still carrying this position through the weekend. The plan for this is to swing trade it down to the $25.00 range for the gap fill on the daily. The trend is very weak, so until I see a trend change, I will hold my short sell.

Sold $QQQ cash secured put today June 24 280p. My plan for this is to play a bounce on the market back into the gap fill and potentially cut/hold through FOMC depending on the chart at that time. I sold this option as it is a short term option that should see strong theta decay especially if we get a bounce on the market next week.

We go again next week. Still on a green streak of only 1 red trade all year.

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