Swing trading with Butterflies

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

  1. Thanks; been having a good run. Set-ups have been sparse for a week or so though.
     
    #211     Jun 22, 2022
  2. Opened a calendar spread on S&P500 yesterday. A similar set-up for Russell 2000 didn't fill unfortunately.

    Trade date: 21 June 2022
    Security: SPX
    Price at opening: 3746.9
    Direction: Put
    Expiry date (short side): 24 June 2022
    Implied Vol (short side) 34.4%
    Expiry date (long side): 27 June 2022
    Implied Vol (long side) 28.5%
    Strikes: 3685
    Opening Spread: 6.25
     
    #212     Jun 22, 2022
  3. Markets rose, so the Calendar Put (#212) will almost certainly expire worthless for 100% loss.

    Opened a similar position today.

    Trade date: 27 June 2022
    Security: SPX
    Price at opening: 3917.3
    Direction: Put
    Expiry date (short side): 01 July 2022
    Implied Vol (short side) 29.3%
    Expiry date (long side): 05 July 2022
    Implied Vol (long side) 23.9%
    Strikes: 3855
    Opening Spread: 6.70
     
    #213     Jun 27, 2022
  4. Orders to open a Russell 2000 Calendar filled yesterday.

    Trade date: 27 June 2022
    Security: RUT
    Price at opening: 1758.3
    Direction: Put
    Expiry date (short side): 01 July 2022
    Implied Vol (short side) 36.3%
    Expiry date (long side): 05 July 2022
    Implied Vol (long side) 29.5%
    Strikes: 1720
    Opening Spread: 2.90
     
    #214     Jun 28, 2022
  5. Closing orders for the Russell 2000 Calendar filled today in profit.

    Trade date: 27 June 2022
    Security: RUT
    Price at opening: 1758.3
    Direction: Put
    Expiry date (short side): 01 July 2022
    Implied Vol (short side) 36.3%
    Expiry date (long side): 05 July 2022
    Implied Vol (long side) 29.5%
    Strikes: 1720
    Opening Spread: 2.90
    Close date: 29 June 2022
    Trade duration: 2
    Closing spread: 4.68
    Profit / (Loss): 1.78
    Profit / (Loss): 61.2%

    Hoping to close the SPX position (#213) tomorrow.
     
    #215     Jun 29, 2022
  6. Opened a Fly on S&P500 for expiry on Tuesday, but IIRC markets generally rise the day after 04 July, so confidence is low for this one.

    Trade date: 30 June 2022
    Security: SPX
    Price at opening: 3760
    Implied Vol 23.4%
    Direction: Put
    Expiry date: 05 July 2022
    Strikes: 3655 / 3690 / 3760
    Structure: 2 / 3 / 1
    Opening Spread: 7.10

    The Calendar closed in profit.

    Trade date: 27 June 2022
    Security: SPX
    Price at opening: 3917.3
    Direction: Put
    Expiry date (short side): 01 July 2022
    Implied Vol (short side) 29.3%
    Expiry date (long side): 05 July 2022
    Implied Vol (long side) 23.9%
    Strikes: 3855
    Opening Spread: 6.70
    Close date: 30 June 2022
    Trade duration: 3
    Closing spread: 9.30
    Profit / (Loss): 2.60
    Profit / (Loss): 38.8%
     
    #216     Jun 30, 2022
  7. The S&P Fly closed with good profit earlier today.

    Trade date: 30 June 2022
    Security: SPX
    Price at opening: 3760
    Implied Vol 23.4%
    Direction: Put
    Expiry date: 05 July 2022
    Strikes: 3655 / 3690 / 3760
    Structure: 2 / 3 / 1
    Opening Spread: 7.10
    Close date: 05 July 2022
    Trade duration: 5
    Closing spread: 13.30
    Profit / (Loss): 6.20
    Profit / (Loss): 87.3%
     
    #217     Jul 5, 2022
  8. Opened a couple of Calendars and a fly on TSLA today.

    Trade date: 05 July 2022
    Security: SPX
    Price at opening: 3764.6
    Direction: Put
    Expiry date (short side): 08 July 2022
    Implied Vol (short side) 32.7%
    Expiry date (long side): 11 July 2022
    Implied Vol (long side) 27.0%
    Strikes: 3705
    Opening Spread: 6.20

    Trade date: 05 July 2022
    Security: RUT
    Price at opening: 1683.2
    Direction: Put
    Expiry date (short side): 08 July 2022
    Implied Vol (short side) 38.9%
    Expiry date (long side): 11 July 2022
    Implied Vol (long side) 32.1%
    Strikes: 1650
    Opening Spread: 3.01

    Trade date: 05 July 2022
    Security: TSLA
    Price at opening: 680.08
    Implied Vol 81.9%
    Direction: Put
    Expiry date: 08 July 2022
    Strikes: 625 / 645 / 685
    Structure: 2 / 3 / 1
    Opening Spread: 7.20
     
    #218     Jul 5, 2022
  9. I'm not optimistic that this is going to be a profitable week!

    Opened a fly on S&P500 for next week.

    Trade date: 07 July 2022
    Security: SPX
    Price at opening: 3887.00
    Implied Vol 21.7%
    Direction: Put
    Expiry date: 11 July 2022
    Strikes: 3795 / 3825 / 3885
    Structure: 2 / 3 / 1
    Opening Spread: 8.80
     
    #219     Jul 7, 2022
  10. This closed on Friday in profit.

    Trade date: 07 July 2022
    Security: SPX
    Price at opening: 3887.00
    Implied Vol 21.7%
    Direction: Put
    Expiry date: 11 July 2022
    Strikes: 3795 / 3825 / 3885
    Structure: 2 / 3 / 1
    Opening Spread: 8.80
    Close date: 08 July 2022
    Trade duration: 1
    Closing spread: 11.30
    Profit / (Loss): 2.50
    Profit / (Loss): 28.4%

    The TSLA fly expired at 100% loss.
     
    #220     Jul 11, 2022