Entry comments: Doing an experiment where I am trying to build a pool free doubledown account for options. So I borrowed $500 from my checking. Bought SNAP put and two OSTK options. I am gonna use gains from these plays to build my new two accounts. One will be an option doubledown account and one will be a stock doubledown account, where I would risk the entire account for high returns. Risk is loss, but if becomes house money, then willing to lose that. [eTrade1]
Exit comments: 2.08 in commissions. Took profit as OSTK panicked. It could have more downside, but don't want to risk it, as I want to have some house money ready to work with. After this play, I confidently put back $500 to my checking and will use this remainder as my options trading account. I have a SNAP put pending. Right now if SNAP was to go to zero, the most I will lose from these two plays together is $28.