The SPX fly closed in profit. TSLA is also partially closed. It feels like GOOGL will close at a loss later today. Trade date: 09 March 2022 Security: SPX Price at opening: 4245 Direction: Put Expiry date: 11 March 2022 Strikes: 4120 / 4165 / 4255 Structure: 2 / 3 / 1 Opening Spread: 12.10 Close date: 10 March 2022 Trade duration: 1 Closing spread: 17.30 Profit / (Loss): 5.20 Profit / (Loss): 43.0% Opened more flies for expiry on Monday. Trade date: 10 March 2022 Security: ES Price at opening: 4245 Direction: Put Expiry date: 14 March 2022 Strikes: 4210 / 4160 / 4240 Structure: 2 / 3 / 1 Opening Spread: 10.95 Trade date: 10 March 2022 Security: RUT Price at opening: 1990 Direction: Put Expiry date: 14 March 2022 Strikes: 1925 / 1945 / 1985 Structure: 2 / 3 / 1 Opening Spread: 5.50
The GOOGL fly from #179 expired at a 100% loss on Friday. The remaining closing orders on the TSLA fly from #179 filled so that the position closed at a small profit. Trade date: 08 March 2022 Security: TSLA Price at opening: 833 Direction: Put Expiry date: 11 March 2022 Strikes: 745 / 765 / 805 Structure: 2 / 3 / 1 Opening Spread: 5.00 Close date: 11 March 2022 Trade duration: 3 Closing spread: 5.43 Profit / (Loss): 0.43 Profit / (Loss): 8.5% Closing orders on put flies on the indicies from Thursday all filled on Friday, at a profit. Trade date: 10 March 2022 Security: ES Price at opening: 4244 Direction: Put Expiry date: 14 March 2022 Strikes: 4120 / 4160 / 4240 Structure: 2 / 3 / 1 Opening Spread: 10.95 Close date: 11 March 2022 Trade duration: 1 Closing spread: 14.05 Profit / (Loss): 3.10 Profit / (Loss): 28.3% Trade date: 10 March 2022 Security: RUT Price at opening: 3980 Direction: Put Expiry date: 14 March 2022 Strikes: 1925 / 1945 / 1985 Structure: 2 / 3 / 1 Opening Spread: 5.50 Close date: 11 March 2022 Trade duration: 1 Closing spread: 6.65 Profit / (Loss): 1.15 Profit / (Loss): 20.9%
A summary of the the last 75 trades (most of which are on here): Win rate was 84.0%. Average profit was 23.9%. Average loss was 70.8%. Net / aggregate profit was 9.2%. Average duration was 0.9 days Sharpe was 30.4%
Opened some put flies yesterday. In two cases my model favoured 121 structure rather than more usual (for me) 231. Trade date: 15 March 2022 Security: SPX Price at opening: 4232 Direction: Put Expiry date: 18 March 2022 Strikes: 4090 / 4140 / 4190 Structure: 1 / 2 / 1 Opening Spread: 4.85 Trade date: 15 March 2022 Security: RUT Price at opening: 1954 Direction: Put Expiry date: 18 March 2022 Strikes: 1890 / 1910 / 1950 Structure: 2 / 3 / 1 Opening Spread: 5.50 Trade date: 15 March 2022 Security: TSLA Price at opening: 800 Direction: Put Expiry date: 18 March 2022 Strikes: 745 / 765 / 785 Structure: 1 / 2 / 1 Opening Spread: 2.04
@Global OptionsTrades Do you have any exit criteria for closing the positions? Do you have any system for exit or is it discretionary?
Everything rose strongly yesterday, so I'm expecting some losing trades tomorrow, but just added S&P flies for expiry on Monday. Trade date: 17 March 2022 Security: SPX Price at opening: 4392 Direction: Put Expiry date: 21 March 2022 Strikes: 4295 / 4330 / 4365 Structure: 1 / 2 / 1 Opening Spread: 3.25
Four trades with 100% loss in each case! The three positions from post #184 that expired on Friday and the SPX fly that expired yesterday. Coincidentally, another project is taking up a lot of time, making it difficult for me to get these trade set-ups, put the trades on, work out the closing orders and place them, and then report here, so for the foreseeable future there will be fewer trades for me.
Only two trades in the last couple of weeks but both profitable. Trade date: 31 March 2022 Security: SPX Price at opening: 4589 Direction: Put Expiry date: 04 April 2022 Strikes: 4515 / 4540 / 4590 Structure: 2 / 3 / 1 Opening Spread: 6.80 Close date: 31 March 2022 Trade duration: 0 Closing spread: 10.00 Profit / (Loss): 3.20 Profit / (Loss): 47.1% Trade date: 06 April 2022 Security: SPX Price at opening: 4481 Direction: Put Expiry date: 11 April 2022 Strikes: 4380 / 4410 / 4470 Structure: 2 / 3 / 1 Opening Spread: 8.25 Close date: 07 April 2022 Trade duration: 1 Closing spread: 11.00 Profit / (Loss): 2.75 Profit / (Loss): 33.3% Away on holiday for a couple of weeks so won't be reporting much.
Just one fly trade this week. Trade date: 19 April 2022 Security: SPX Price at opening: 4419 Direction: Put Expiry date: 22 April 2022 Strikes: 4325 / 4355 / 4415 Structure: 2 / 3 / 1 Opening Spread: 6.90 Close date: 21 April 2022 Trade duration: 2 Closing spread: 9.35 Profit / (Loss): 2.45 Profit / (Loss): 35.5%