So many bad decisions here, how to unpack it.
had the 280 calls that the market absolutely obliterated, was way in the money. instead of doing like I learned and NOT moving the challenged side, I sold MORE calls at 285 which is also went through. I then sold puts at 283 which expired OTM but suffered a major loss. Lesson learned, don't adjust the challenged...
need to add more bearish positions because I closed a few this morning
opened 86/88 bear call spread for .53 credit
86 is previous R and RSI can't seem to break above 50
closing trade
May 24 opened bear call spread 288/289 for $0.35 credit
market turned south on trade war fears so drastically that it hit 50% profit target quickly
May 29 closed for $.16
net $19 profit
