What an absolutely crazy day, following crazy day, following a crazy week, and so on. As many of us expected the implications of tarfffs resulted in a very strong sell-off in the first part of the session. The puts I left in place overnight I was happy to offload for strong gains early. I had to close my Amazon call which became even more screwed in the sell-off. I knew that I was going to have to sell it Monday or today, and I do regret not closing the position earlier.
The downward momentum was so strong, as was my desire to make today green despite that bad AMZN call so I was extremely aggressive in my trading this morning and pushed over 40 trades in the first hour. As the price action started to slow down on the put options I decided to call it quits for the day.
My log indicates that I was executing trades every 90s, an intensity level I have not yet seen.
My adrenaline spiked during the frenzy such that I found myself too fidgety to be coherent. Definitely a good time to step away from the terminal. After some exercise I was able to return to society and focus on other work. . The sell-off bounced off the floor around the mid-point of the day and started to rebound which faded into the close.
"Tactically bearish" is a phrase I heard.
Almost everybody's earnings outlook have for the last two weeks has been sour. I do respect the companies who looked at the incredible volatility in February and said "we cannot forecast continued strong growth." Many of those companies took a hit as their stock price sank, only exacerbated by continued "softening economic growth."
Softening, correction, hedging.
A lot of people are unwilling to state the obvious: optimism has left the room.
Log
- My FOREX sell mark was hit as the Euro regained some strenght and the predictably weakened on tariffs.
- Offloaded the TSLA and SMCI put options that i purchased before close yesterday shortly after the open to start the day off very strong.
- I exited some puts on TSM and NVDA earlier than I should off on a fear that I would get behind on those, so had a small loss because of that.
- The Amazon call I foolishly didn't close yesterday went further south so I had to close it and then fought like hell to find opportunity to take me back to green.
- Volatility is insane today.
- Deciding it's best to call it for the day, since that was a lot of aggressive trading for the first hour of the day.
- I was averaging a trade every 90 seconds. Wowza.
Trades
- AAPL 14MAR25 240 P
- AMZN 07MAR25 215 C
- AMZN 14MAR25 202.5 P
- DDOG 14MAR25 124 C
- NVDA 14MAR25 112 P
- NVDA 14MAR25 113 P
- SMCI 14MAR25 36 P
- SMCI 14MAR25 37 P
- TSLA 14MAR25 265 P
- TSLA 14MAR25 267.5 P
- TSLA 14MAR25 272.5 P
- TSLA 14MAR25 280 P
- TSM 14MAR25 177.5 P
- TSM 14MAR25 180 P
- EUR.USD
Holding
- AMD
- DDOG
- IBKR
- VGK