Popped a Put Fly on S&P for expiry on Monday. Trade date: 11 February 2022 Security: SPX Price at opening: 4488 Direction: Put Expiry date: 14 February 2022 Strikes: 4405 / 4435 / 4495 Structure: 2 / 3 / 1 Opening Spread: 9.50
Closed out at a profit 20 mins after opening! Trade date: 11 February 2022 Security: SPX Price at opening: 4488 Direction: Put Expiry date: 14 February 2022 Strikes: 4405 / 4435 / 4495 Structure: 2 / 3 / 1 Opening Spread: 9.50 Close date: 11 February 2022 Trade duration: 0 Closing spread: 11.65 Profit / (Loss): 2.15 Profit / (Loss): 22.6%
Opened positions on S&P500 and Nasdaq earlier today. Closing orders on NQ partially filled and SPX closed out completely. Trade date: 14 February 2022 Security: NQ Price at opening: 14378 Direction: Put Expiry date: 16 February 2022 Strikes: 13920 / 14070 / 14370 Structure: 2 / 3 / 1 Opening Spread: 41.50 Trade date: 14 February 2022 Security: SPX Price at opening: 4415 Direction: Put Expiry date: 16 February 2022 Strikes: 4300 / 4340 / 4420 Structure: 2 / 3 / 1 Opening Spread: 11.50 Close date: 14 February 2022 Trade duration: 0 Closing spread: 13.20 Profit / (Loss): 1.70 Profit / (Loss): 14.8%
Remaining closing orders on the Nasdaq Fly filled just before close yesterday in profit. Trade date: 14 February 2022 Security: NQ Price at opening: 14378 Direction: Put Expiry date: 16 February 2022 Strikes: 13920 / 14070 / 14370 Structure: 2 / 3 / 1 Opening Spread: 41.50 Close date: 14 February 2022 Trade duration: 0 Closing spread: 49.25 Profit / (Loss): 7.75 Profit / (Loss): 18.7%
Added Put flies for expiry on Friday. Trade date: 15 February 2022 Security: SPX Price at opening: 4452 Direction: Put Expiry date: 18 February 2022 Strikes: 4340 / 4380 / 4420 Structure: 1 / 2 / 1 Opening Spread: 2.95 Trade date: 15 February 2022 Security: RUT Price at opening: 2060 Direction: Put Expiry date: 18 February 2022 Strikes: 2000 / 2020 / 2060 Structure: 2 / 3 / 1 Opening Spread: 5.16
Opening orders for TSLA Put fly filled after I added trades here yesterday. Trade date: 15 February 2022 Security: TSLA Price at opening: 913 Direction: Put Expiry date: 18 February 2022 Strikes: 860 / 880 / 900 Structure: 1 / 2 / 1 Opening Spread: 2.00
The S&P500 and TSLA positions closed yesterday in profit. Trade date: 15 February 2022 Security: SPX Price at opening: 4452 Direction: Put Expiry date: 18 February 2022 Strikes: 4340 / 4380 / 4420 Structure: 1 / 2 / 1 Opening Spread: 2.95 Close date: 16 February 2022 Trade duration: 1 Closing spread: 3.56 Profit / (Loss): 0.61 Profit / (Loss): 20.6% Trade date: 15 February 2022 Security: TSLA Price at opening: 913 Direction: Put Expiry date: 18 February 2022 Strikes: 860 / 880 / 900 Structure: 1 / 2 / 1 Opening Spread: 2.00 Close date: 16 February 2022 Trade duration: 1 Closing spread: 2.50 Profit / (Loss): 0.50 Profit / (Loss): 25.2%
Just noticed that I didn't post closing statements for a couple of trades this week. Trade date: 15 February 2022 Security: RUT Price at opening: 2060 Direction: Put Expiry date: 18 February 2022 Strikes: 2000 / 2020 / 2060 Structure: 2 / 3 / 1 Opening Spread: 5.16 Close date: 17 February 2022 Trade duration: 2 Closing spread: 6.63 Profit / (Loss): 1.47 Profit / (Loss): 28.4% Trade date: 16 February 2022 Security: NQ Price at opening: 14475 Direction: Put Expiry date: 18 February 2022 Strikes: 14120 / 14250 / 14510 Structure: 2 / 3 / 1 Opening Spread: 38.25 Close date: 17 February 2022 Trade duration: 1 Closing spread: 47.00 Profit / (Loss): 8.75 Profit / (Loss): 22.9%
Had to go out yesterday evening (GMT) so before close for US. But a few fly orders filled to open positions, and closing orders for S&P500 closed a couple of hours later in the sell-off, at a profit. Trade date: 18 February 2022 Security: RUT Price at opening: 2008.7 Direction: Put Expiry date: 22 February 2022 Strikes: 1945 / 1965 / 2005 Structure: 2 / 3 / 1 Opening Spread: 4.77 Close date: 22 February 2022 Trade date: 18 February 2022 Security: ES Price at opening: 4384 Direction: Put Expiry date: 22 February 2022 Strikes: 4270 / 4310 / 4390 Structure: 2 / 3 / 1 Opening Spread: 11.00 Close date: 18 February 2022 Trade duration: 0 Closing spread: 15.06 Profit / (Loss): 4.06 Profit / (Loss): 36.9% A great week. Further to summary (#160) I've reported 18 consecutive trades here without a loss
Hi @Global OptionsTrades, as an options beginner, why do you use butterfly spreads over say verticals for directional trading?