Closed Short position in DAX30 by selling Puts at a loss on Thursday, and opened a long position by buying Calls and Call Spreads. Security / Ticker: DAX Open Trade Date: 31 October 2019 Trade: Sell to Close Expiry Date: 20 December 2019 At the Money / Out of the Money: AtM Exercise Price: 12,850.0 Direction: Put Opening Price: 206.0 Close Trade Date: 04 December 2019 Closing Price: 51.5 Roundtrip P&L: -75.0% Security / Ticker: DAX Open Trade Date: 31 October 2019 Trade: Sell to Close Expiry Date: 20 December 2019 At the Money / Out of the Money: OotM Exercise Price: 12,250.0 Direction: Put Opening Price: 45.7 Close Trade Date: 04 December 2019 Closing Price: 11.0 Roundtrip P&L: -75.9% Sold 20/12/2019 12350/12250 Bear Put spread for 2.5 credit, or -79.2% Bought Long Exposure: Security / Ticker: DAX Open Trade Date: 04 December 2019 Trade: Buy to Open Expiry Date: 20 February 2020 At the Money / Out of the Money: AtM Exercise Price: 13,150.0 Direction: Call Opening Price: 330.0 Security / Ticker: DAX Open Trade Date: 04 December 2019 Trade: Buy to Open Expiry Date: 20 February 2020 At the Money / Out of the Money: OotM Exercise Price: 13,850.0 Direction: Call Opening Price: 65.4 Bought 20/2/2020 13350/13400 Bear Call spread for 7.0 debit Also sold 12300/12250 Bull Put Spread for 7.9 credit
Closed Short position in FTSE100 by selling Puts at a loss today, and opened a long position by buying Calls and Call Spreads. Security / Ticker: FTSE Open Trade Date: 31 October 2019 Trade: Buy to Open Expiry Date: 20 December 2019 At the Money / Out of the Money: AtM Exercise Price: 7,250.0 Direction: Put Opening Price: 123.6 Close Trade Date: 06 December 2019 Closing Price: 74.5 Roundtrip P&L: -39.7% Security / Ticker: FTSE Open Trade Date: 31 October 2019 Trade: Buy to Open Expiry Date: 20 December 2019 At the Money / Out of the Money: OotM Exercise Price: 7,025.0 Direction: Put Opening Price: 41.6 Close Trade Date: 06 December 2019 Closing Price: 26.0 Roundtrip P&L: -37.6% Sold 20/12/2019 7075/7025 Bear Put spread for 11 credit, or -16.2% Also, closed Put side of Straddle at a small profit: Security / Ticker: FTSE Open Trade Date: 18 November 2019 Trade: Sell to Close Expiry Date: 17 January 2020 At the Money / Out of the Money: AtM Exercise Price: 7,300 Direction: Straddle Opening Price: 143 Close Trade Date: 06 December 2019 Closing Price: 152.0 Roundtrip P&L: 6.4% Opened a long position by buying Calls and Call Spreads: Security / Ticker: FTSE Open Trade Date: 06 December 2019 Trade: Buy to Open Expiry Date: 17 January 2020 At the Money / Out of the Money: AtM Exercise Price: 7,250.0 Direction: Call Opening Price: 115.4 Security / Ticker: FTSE Open Trade Date: 06 December 2019 Trade: Buy to Open Expiry Date: 17 January 2020 At the Money / Out of the Money: OotM Exercise Price: 7,475.0 Direction: Call Opening Price: 29.5 Bought 17/1/2020 7425/7450 Bear Call spread for 7.7 debit
Revisiting my benchmark, rolling monthly P&L (for a contract size of 1 lot in each security) with no compounding is USD6919.
In September, I began buying Spreads, (in addition to simple directional options) with the short side at my target price for the security, and a spread of usually a couple of intervals based on volatility of the security. Iteration, backtesting, paper-trading, reiterating etc has led me to believe that placing greater emphasis (and decisional weighting) on levels of support and resistance, should provide better results for this type of directional exposure. Narrowing the spread to one interval (with concomitant increase in position size) seems wise, scaling out of the positions with GTC orders to sell part of the position when certain profit conditions are met. This is likely to provide more frequent trades, and I'll decide whether there is merit in detailing closing trades here. I'm not sure if anyone is reading this but would welcome thoughts.