13th of SEPTEMBER SELL OFF RECAP

THOUGHTS ON MARKET: 

S&P 500 CLOSES 4.3% LOWER IN WORST DAY SINCE JUNE 11, 2020. Nasdaq closed more than 5% down as we got a surprise rise in inflation data in the morning. Anything above 8 was a bad news but 8.4 which is higher than July #'s really tanked the market. As it puts the question mark whether we saw inflation peak in June or not. We are in the blackout period from Fed - which means, we will not know how Fed is going to react to this and that puts uncertainty in the market - which is never a good news. Market awaits PPI Data tomorrow morning and we may get a minor dead cat bounce.  

TRADES: 

Bank of America: 

1. Bought 1 SPY 395 SEP 14 Put - for 101$ and Sold for 239$. 
2. Averaged TLT SEP 109 Calls (3) for 63$

TD AMERITRADE: 

1. Bought 1 SPY 380 SEP 30 Put - for 220$ and Sold for 460$. 
2. Bought 1 ALT OCT 28 Call for 195$
3. Sold C Jan 2023 57.5 Calls for minor profit.
4. Sold LYFT Jan 2023 20 call for 60$ loss.
5. Sold FUTU Jan 2023 85 calls for a minor loss.
6. Bought 1 DVN Oct 80 Call for 146$
7. Sold BIDU Jan 2023 220 Calls for 100$ loss
8. Sold WOW NOV 20 calls for a minor loss.
9. Bought TLT OCT 113 Calls for 156$

Stocks: 

1. Sold SNOW, PTON, CMP, GS, KKR, NKE for losses. 
2. Sold GLD, TWLO, TSLA (25% position), CRM, JCI, COIN for profit. 

e-TRADE: 

1. Sold CHWY, BYND, TDOC, SKX, FCEL, LAZR, LZ, AAL, DH, SMCI, WOW. 
2. Bought PUBM, ALT (New Positions) 

Most of the selling was done in the morning, to increase margin balance - Sold enough to survive another 10 to 20% correction - if we get any.