Closed remaining outstanding orders on the VIX Call Fly from last week. Trade date: 15 December 2021 Security: VIX Price at opening: 22.86 Direction: Call Expiry date: 21 December 2021 Strikes: 22 / 26 / 28 Structure: 1 / 3 / 2 Opening Spread: 0.39 Close date: 21 December 2021 Trade duration: 6 Closing spread: 0.69 Profit / (Loss): 0.30 Profit / (Loss): 77.4%
Slightly overpaid for this but there is plenty of headroom and thus profit if S&P500 falls a little further this week. Trade date: 21 December 2021 Security: SPX Price at opening: 4595 Direction: Put Expiry date: 23 December 2021 Strikes: 4520 / 4550 / 4580 Structure: 1 / 2 / 1 Opening Spread: 2.40
A more conventional directional / swing trade with 20 DTE, in case S&P500 falls through the holiday season and/or into January. Trade date: 22 December 2021 Security: ES Price at opening: 4632 Direction: Put Expiry date: 12 January 2022 Strikes: 4420 / 4500 / 4660 Structure: 2 / 3 / 1 Opening Spread: 19.25 It looks like the short fly expiring today will be a total loss, but I'll update after it expires.
I just noticed there have been >20k views of this thread. Happy Christmas all, and best wishes for good trading in 2022!
The Oil and S&P500 Put Flies from before Christmas (#120 and #122) expired at a total loss. Outwith the scope of this journal but longer-term volatility trades profited from falling volatility over the holiday period, which offset losses on these shorter-term trades, which are more suitable for a journal. Opened a Put Fly on Nasdaq yesterday. Trade date: 03 January 2022 Security: NQ Price at opening: 16394 Direction: Put Expiry date: 05 January 2022 Strikes: 16170 / 16250 / 16410 Structure: 2 / 3 / 1 Opening Spread: 24.75
With Nasdaq dropping today, yesterday's Put Fly closed in profit. Trade date: 03 January 2022 Security: NQ Price at opening: 16394 Direction: Put Expiry date: 05 January 2022 Strikes: 16170 / 16250 / 16410 Structure: 2 / 3 / 1 Opening Spread: 24.75 Close date: 04 January 2022 Trade duration: 1 Closing spread: 29.25 Profit / (Loss): 4.50 Profit / (Loss): 18.2%
Having another go at Nasdaq as IV pushed upwards. Trade date: 05 January 2022 Security: NQ Price at opening: 16145 Direction: Put Expiry date: 07 January 2022 Strikes: 15860 / 15960 / 16160 Structure: 2 / 3 / 1 Opening Spread: 36.05
The second Nasdaq trade closed today in profit. Trade date: 05 January 2022 Security: NQ Price at opening: 16145 Direction: Put Expiry date: 07 January 2022 Strikes: 15860 / 15960 / 16160 Structure: 2 / 3 / 1 Opening Spread: 36.05 Close date: 06 January 2022 Trade duration: 1 Closing spread: 47.95 Profit / (Loss): 11.90 Profit / (Loss): 33.0% Hoping US markets fall a little further into next week as the S&P500 Put Fly from before Christmas (#123) expires 12 Jan.
The S&P Put Fly placed before Christmas (#123) closed in profit today. Trade date: 22 December 2021 Security: ES Price at opening: 4632 Direction: Put Expiry date: 12 January 2022 Strikes: 4420 / 4500 / 4660 Structure: 2 / 3 / 1 Opening Spread: 19.25 Close date: 10 January 2022 Trade duration: 19 Closing spread: 32.00 Profit / (Loss): 12.75 Profit / (Loss): 66.2% Coincidentally, I got a decent signal for another short on S&P500, so unusally have placed a trade today for same expiration date, with the body a little higher: Trade date: 10 January 2022 Security: ES Price at opening: 4589 Direction: Put Expiry date: 12 January 2022 Strikes: 4505 / 4535 / 4565 Structure: 1 / 2 / 1 Opening Spread: 1.69 Close date: 12 January 2022 Trade duration: 2
Opened a short position on Russell 2000 yesterday, expiring Friday. Trade date: 11 January 2022 Security: RUT Price at opening: 2167 Direction: Put Expiry date: 14 January 2022 Strikes: 2100 / 2125 / 2175 Structure: 2 / 3 / 1 Opening Spread: 7.00