14 SEPTEMBER TRADES AND THOUGHTS

THOUGHTS ON MARKET: 

Consolidating and choppy day at the market. Market is trying to digest the higher inflation print from yesterday. PPI # came as expected and since FED is in the blackout period, market is unsure how to read the slightly higher inflation print. Oil was down 10% in the inflation report but Food and elsewhere there was higher inflation. But will that prompt Fed to raise the rate 1% instead of 75 basis point? that remains to be seen. Tomorrow's jobless numbers will give some sort of idea - as if there are more people losing job - than Fed may not want to be aggressive as inflation was just slightly higher than anticipated move. Plus rate hikes have happened very recently, so Fed may want to give time to see whether it is making any effect on inflation or not. 

In my opinion, Fed will raise only 75 basis point hike next week and market should be able to digest the bad news from inflation. 

TRADES: 

Bank of America: 

1. Sold CMP Calls for a minor loss. 
2. Averaged TLT SEP 109 Calls (5) for 115$ and sold all the TLT calls for a minor profit for 310$. 
3. Bought SPY SEP 387 Put for 140$ at 1.40 PM and sold it for 180$ at 1.50 P.M. (Quick 10 minute - 40$ profit trade)
4. Bought 5 SEP 23 CLF 17 calls for 95$. (#CLF near 200 week ema support)

TD Ameritrade:

1. Sold TNK Jan 2023 30 call for good profit. 
2. Sold KWEB Nov 32 calls for a small loss.
3. Bought STX NOV 67.5 Call (STX was forming double bottom in daily chart)
4. Sold CVNA, DKNG and RIVN covered JAN 2025 calls and collected 4000$ in premium. 
5. Sold BIDU (Stocks) - after holding and averaging for months. After HZNP and DPZ this is the third stock which is part of my favorite 30 stocks - so very sad to sell them for minor loss. 
6. Averaged META and BYD (stocks)
7. Bought CMCSA stocks (New Position) - they announced buyback and at a reasonable valuation. 
8. Bought very small new position in TNDM. (If it goes down, will average later)
9. Bought IBN (New Position) - Indian bank ICICI - making new highs almost each week. 
10. Bought CLF stocks (big new position), as it is near 200 week ema support. 

e-TRADE: 

1. Sold ALT as it opened 50% down. Took 40% loss in overnight swing. 
2. Sold ANGI, EDU, CLOV, SBRA, PARA (minor to big losses) - cutting the losers - increasing margin to buy winners or new positions. 
3. Averaged position in USER (now have almost full position)
4. Bought STX and PLUG (New Positions).