Swing trading with Butterflies

Discussion in 'Journals' started by Global OptionsTrades, Jul 30, 2021.

  1. RUT didn't fall yesterday so that fly (#198) expired with 100% loss.

    Put a couple more on yesterday:

    Trade date: 31 May 2022
    Security: RUT
    Price at opening: 1854.9
    Direction: Put
    Expiry date (short side): 03 June 2022
    Implied Vol (short side) 36.8%
    Expiry date (long side): 06 June 2022
    Implied Vol (long side) 30.7%
    Strikes: 1825
    Opening Spread: 3.40

    Trade date: 31 May 2022
    Security: SPX
    Price at opening: 4128
    Direction: Put
    Expiry date (short side): 03 June 2022
    Implied Vol (short side) 29.9%
    Expiry date (long side): 06 June 2022
    Implied Vol (long side) 24.7%
    Strikes: 4070
    Opening Spread: 6.40
     
    #201     Jun 1, 2022
  2. Both Calendars closed in profit.

    Trade date: 31 May 2022
    Security: RUT
    Price at opening: 1854.9
    Direction: Put
    Expiry date (short side): 03 June 2022
    Implied Vol (short side) 36.8%
    Expiry date (long side): 06 June 2022
    Implied Vol (long side) 30.7%
    Strikes: 1825
    Opening Spread: 3.40
    Close date: 01 June 2022
    Trade duration: 1
    Closing spread: 4.60
    Profit / (Loss): 1.20
    Profit / (Loss): 35.3%

    Trade date: 31 May 2022
    Security: SPX
    Price at opening: 4128
    Direction: Put
    Expiry date (short side): 03 June 2022
    Implied Vol (short side) 29.9%
    Expiry date (long side): 06 June 2022
    Implied Vol (long side) 24.7%
    Strikes: 4070
    Opening Spread: 6.40
    Close date: 01 June 2022
    Trade duration: 1
    Closing spread: 8.30
    Profit / (Loss): 1.90
    Profit / (Loss): 29.7%
     
    #202     Jun 2, 2022
  3. Managed to pop a Fly on Russell 2000 between Jubilee celebrations.

    Trade date: 02 June 2022
    Security: RUT
    Price at opening: 1857.763
    Implied Vol 20.8%
    Direction: Put
    Expiry date: 06 June 2022
    Strikes: 1810 / 1830 / 1870
    Structure: 2 / 3 / 1
    Opening Spread: 6.35
     
    #203     Jun 4, 2022
  4. Added Fly and Calendar Puts today.

    Trade date: 06 June 2022
    Security: SPX
    Price at opening: 4117.9
    Implied Vol 26.1%
    Direction: Put
    Expiry date: 08 June 2022
    Strikes: 4035 / 4060 / 4110
    Structure: 2 / 3 / 1
    Opening Spread: 6.65

    Trade date: 06 June 2022
    Security: SPX
    Price at opening: 4142.8
    Direction: Put
    Expiry date (short side): 10 June 2022
    Implied Vol (short side) 26.2%
    Expiry date (long side): 13 June 2022
    Implied Vol (long side) 22.5%
    Strikes: 4085
    Opening Spread: 4.70
     
    #204     Jun 6, 2022
    cesfx likes this.
  5. RUT rose so my closing orders weren't filled, so the RUT fly (#203) closed at 100% loss yesterday.

    The S&P500 fly opened yesterday closed in profit today.

    Trade date: 06 June 2022
    Security: SPX
    Price at opening: 4117.9
    Implied Vol 26.1%
    Direction: Put
    Expiry date: 08 June 2022
    Strikes: 4035 / 4060 / 4110
    Structure: 2 / 3 / 1
    Opening Spread: 6.65
    Close date: 07 June 2022
    Trade duration: 1
    Closing spread: 9.10
    Profit / (Loss): 2.45
    Profit / (Loss): 36.8%

    Opened another similar position for Friday expiry, unfortunately before SPX rose (by c.1%) today.

    Trade date: 07 June 2022
    Security: SPX
    Price at opening: 4120
    Implied Vol 27.3%
    Direction: Put
    Expiry date: 10 June 2022
    Strikes: 4015 / 4050 / 4120
    Structure: 2 / 3 / 1
    Opening Spread: 10.50

    Also opened a Calendar Put for Nasdaq - again, before it rose 200 points.

    Trade date: 07 June 2022
    Security: NDX
    Price at opening: 12,541.9
    Direction: Put
    Expiry date (short side): 10 June 2022
    Implied Vol (short side) 38.2%
    Expiry date (long side): 13 June 2022
    Implied Vol (long side) 31.2%
    Strikes: 12325
    Opening Spread: 21.85
     
    #205     Jun 7, 2022
  6. Both the Calendar from Monday (#204) and the Fly from Tuesday (#205) closed yesterday in profit.

    Trade date: 06 June 2022
    Security: SPX
    Price at opening: 4,143
    Direction: Put
    Expiry date (short side): 10 June 2022
    Implied Vol (short side) 26.2%
    Expiry date (long side): 13 June 2022
    Implied Vol (long side) 22.5%
    Strikes: 4085
    Opening Spread: 4.70
    Close date: 08 June 2022
    Trade duration: 2
    Closing spread: 6.50
    Profit / (Loss): 1.80
    Profit / (Loss): 38.3%

    Trade date: 07 June 2022
    Security: SPX
    Price at opening: 4120
    Implied Vol 27.3%
    Direction: Put
    Expiry date: 10 June 2022
    Strikes: 4015 / 4050 / 4120
    Structure: 2 / 3 / 1
    Opening Spread: 10.50
    Close date: 08 June 2022
    Trade duration: 1
    Closing spread: 13.05
    Profit / (Loss): 2.55
    Profit / (Loss): 24.3%
     
    #206     Jun 9, 2022
    cesfx likes this.
  7. Closing orders for the Nasdaq calendar (#205) filled towards the end of yesterday in profit.

    Trade date: 07 June 2022
    Security: NDX
    Price at opening: 12541.9
    Direction: Put
    Expiry date (short side): 10 June 2022
    Implied Vol (short side) 38.2%
    Expiry date (long side): 13 June 2022
    Implied Vol (long side) 31.2%
    Strikes: 12325
    Opening Spread: 21.85
    Close date: 09 June 2022
    Trade duration: 2
    Closing spread: 28.75
    Profit / (Loss): 6.90
    Profit / (Loss): 31.6%
     
    #207     Jun 10, 2022
  8. Popped a calendar on earlier today.

    Trade date: 13 June 2022
    Security: SPX
    Price at opening: 3776.1
    Direction: Put
    Expiry date (short side): 17 June 2022
    Implied Vol (short side) 43.3%
    Expiry date (long side): 21 June 2022
    Implied Vol (long side) 34.2%
    Strikes: 3690
    Opening Spread: 6.75
     
    #208     Jun 13, 2022
  9. This provided slight respite from the carnage of the last couple of days.

    Trade date: 13 June 2022
    Security: SPX
    Price at opening: 3776.1
    Direction: Put
    Expiry date (short side): 17 June 2022
    Implied Vol (short side) 43.3%
    Expiry date (long side): 21 June 2022
    Implied Vol (long side) 34.2%
    Strikes: 3690
    Opening Spread: 6.75
    Close date: 14 June 2022
    Trade duration: 1
    Closing spread: 9.50
    Profit / (Loss): 2.75
    Profit / (Loss): 40.7%
     
    #209     Jun 14, 2022
    cesfx likes this.
  10. qwerty11

    qwerty11

    It seems you're doing great. Congratz!
     
    #210     Jun 19, 2022