04 May 2026 2 min read

Day 1 - Recovery Review

Last night I said I'd observe $ORCL, $CRM, and track $ADI. Today I went for $ORCL after the first 40 minutes of the day.

Quick recap: A while back when I saw my approach work and after pushing certain limits, I decided I'd do intra day trading for options. Meaning, I open options contracts, but instead of letting the price unfold day after day, I exit the contract when I see fit.

With that said, let's look at Oracle and what happened today:

In the above chart, I've kept the diagonal dotted line where I called out the uptrend breaking. I waited after the 30-40 mins to jump on it, and surely enough, it was essential to wait for a good entry and a good exit. At the same time, we can see that ORCL not only did it maintain the uptrend it also:

Closed above the ceiling price of $180.23
Closed above the 20 and 200MA

I'd expect ORCL to continue in an uptrend for at least 2 or 3 more days with one low day in between for recalibration.

What I traded

Opened call contract for strike price of $195 expiring on May 8
Contract price $1.15 at 10:03am
Contract sold $1.91 at 10:53am
Account increase by 51.31%
Stop loss price $0.70

I kept my rules of not trading the first 30 minutes, not holding the option overnight, and setting a stop loss. I think the rules kept me in check, I knew I couldn't get too greedy as I am just trying to get what I had amounted two weeks ago. Getting it back to where it was is going to take discipline and small wins. With that said, let's move on.

Logging/Tracking P&L

I found this "TradeZella" site to track my wins/losses numerically. However, I can't get my trades to sync up and hopefully it resolves during the week.

Tuesday ahead

As seen below, only two sectors closed out green today XLE and XLK. Let's switch gears and track XLE tomorrow. Keep in mind that VIX has increased from 16 on Friday, which makes it the more significant for XLE.

XLE's entire list of holdings is a bit harder to "predict" the reason being is, a low is hardly distinguished in the current trading environment. I do think I may have found one, I think the option for tomorrow is $EXE

In the above chart, I am highlighting the observed trend, closing above the ceiling. However, we can see how the price of EXE has closed below the 20 and 200MA. This alone tells me that there is a great change for this uptrend to continue. As usual, I'll wait the first 30 mins before entering any trades.

We'll see what tomorrow holds!