Today's results: A Today's trading: F Have you ever bought (sold) when you wanted to sell (buy)? Well I did it this morning--twice! Once immediately after the CPI release at 6:32 and again at 7:48. FFS. This only happens when I trade with my phone. To make matters worse, I didn't fix the trade right away. I figured, "let's make some money with this mistake and wait for the market to come down a few more ticks". I took some heat between CPI release and RTH open with ES climbing to 4020. I got lucky that the markets came down right after the morning bell. I closed my ES short, call ratio and SPX put diagonal in the first half hour of RTH. Volatility was annihilated throughout the day. I opened an SPX Jan31/Feb28 3950 put calendar in the afternoon and scalped the ES to the downside. Yield curve continued to flatten/invert today although it steepened significantly immediately after the CPI release. Positions are pretty light. There aren't many attractive short vol opportunities right now.
It's been pretty quiet on the trading front since my last update. I closed my SPX put calendar @$45.20 today with the volatility bump. I also re-initiated a short ES position last night and this morning. I legged into the short puts, mostly in the morning, and a few in the afternoon. Rolled some puts down throughout the day to maintain a negative delta. Good P/L today with ES/SPX. Bought 2 GC contracts @$1906. Yield curve steepener continues to suck. I added 2 ZT contracts today as the curve continues to translate down. +C$37.7k YTD
1. Traded ES pretty decently. I picked off the bottom by selling Feb 3900 puts for $86 (with ES=3905). Adjusted delta the rest of the day. 2. GC made the bulk of the day's P/L. Definitely remains a medium-term hold. 3. NFLX earnings play with a Jan 20 315/335 call ratio (+3/-6). As I'm typing, NFLX is $335 after-hours. Stay....right....here....
1. Big move up on ES so I had to chase up puts throughout the day. 2. Scalped some GC contracts in the morning--ended up being a decent day. 3. NFLX call ratio was perfect. It's always nice to credit on both the open and close of a spread. Another decent week. I can't complain about the start to 2023. +$54.2k YTD
Question to those in this cricket field: Based on my trading style and as a Canadian, am I best served with IB or another broker?
Why try to fix what is not broken? You claim you are + FIFTY-FOUR THOUSAND DOLLARS IN 20 DAYS. The hell is wrong with people like you?
One should strive towards continuous improvement. If there’s a better platform to meet my needs, why not consider it? I’m also not naive to think that this performance will continue for the remaining 345 days of the year.
Because based upon what I see, you do not NEED it. It would be like you going from Windows to Linux. What is the point when what you have is working so well? Don't break it!
1. Rolled up some ES puts in the morning. I added to the short delta mid-day @4041 and bought the contract back @4022. Currently d=-62 (where one ES contract = 50). Legged into a short-term 3980 put calendar (Jan 31/Feb 28) near the close. I'll sell this calendar if SPX touches 3980 between now and the end of January. 2. I sold the 3 February GC contracts last night @1932. I woke up in the middle of the night to see GC down ~$10 from when I last looked at it so I legged into the April contracts. I laid out some calls, bought some more contracts and laid out more calls early in the morning. Strong P/L for the day. I felt I was taking some long risk by waiting to sell calls, but it worked out this time. Delta is currently the equivalent of +2 contracts. 3. 2/10 yield curve...
Be prepared for the biggun is 6 trading days. Powell is going to put some nails in coffins. I have learned to dislike that man.