SEPT 06 2022 TRADES & THOUGHTS ON MARKET

THOUGHTS ON MARKET: 

Range bound - choppy session; Market is awaiting Fed Chairman Powell to speak on Thursday - to clarify on his remarks at Jackson Hole. My guess is - he will reiterate most things he said however he will clarify that Interest Rates around 4% by end of 2023 depends upon data. If Inflation gets controlled before that and economy is in recession, they may ease earlier. Market is waiting for that plus inflation data next week, before moving higher. 

TRADES: 

Bank of America: 

1. Sold TWLO SEP 9 80 calls for a massive loss. (very bad trade)
2. Bought ON SEP 72 Calls. 

TD AMERITRADE: 

1. Averaged META SEP 175 Call for100$
2. Bought BIDU JAN 2023 220 Calls for 200$
3. Bought TWLO OCT 85 Calls for 270$
4. Averaged IQ JAN 2024 5 Call for 90$
5. Bought C JAN 2023 57.5 Calls for 200$
6. Bought FUTU JAN 2023 85 Calls for 190$
7. Sold QQQ SEP 14 276 Puts for minor profit.
8. Sold COST SEP 480 Put for minor profit. 

Stocks: 

1. Bought more ON, TLT, SE, COST, BIDU (added in existing position)
2. Bought CRM (new position) @ 152$
3. Bought C (new position) @ 48.35

e-TRADE: 

1. Averaged position in LYFT, BZUN, FUTU, REAL.
2. New position in CCJ, EDR and DH. 
3. Sold position in MNMD (20% rule triggered), BORR

Heartbroken in selling all the stocks for one of my favorite stock, #ECOM as company is being bought. Made more than 50% in all robinhood and etrade accounts. e-Trade account had 3% of portfolio in ECOM. Very sad, as this company along with SHOP were working with META to set up the marketspace had great growth potential.