I closed the S&P trade at a loss after it opened down today. Trade date: 23 November 2022 Security: ES Price at opening: 4,012.00 Structure: AtM/OtM Put Credit Spread Expiry date: 28 November 2022 Strikes: 3985 / 4015 Opening Spread: 11.25 Close date: 28 November 2022 Trade duration: 5 Closing spread: 16.25 Profit / (Loss): -5.00 Profit / (Loss): -26.7%
From #320, oil closed in profit. Trade date: 23 November 2022 Security: CL Price at opening: 78.30 Structure: OtM Put Credit Spread Expiry date: 02 December 2022 Strikes: 72.5 / 74 Opening Spread: 0.32 Close date: 29 November 2022 Trade duration: 6 Closing spread: 0.13 Profit / (Loss): 0.18 Profit / (Loss): 15.4% I took a loss on RUT to turn it around following a short directional signal. Trade date: 23 November 2022 Security: RUT Price at opening: 1,861.00 Structure: ItM/AtM Call Debit Spread Expiry date: 30 November 2022 Strikes: 1830 / 1860 Opening Spread: 18.96 Close date: 29 November 2022 Trade duration: 6 Closing spread: 14.88 Profit / (Loss): -4.09 Profit / (Loss): -21.5%
Added directionally short spreads on S&P and Russell2000 yesterday. Trade date: 29 November 2022 Security: ES Price at opening: 3,979.00 Structure: AtM/OtM Call Credit Spread Expiry date: 05 December 2022 Strikes: 3980 / 4020 Opening Spread: 18.00 Trade date: 29 November 2022 Security: RUT Price at opening: 1,841.00 Structure: ItM/AtM Put Debit Spread Expiry date: 05 December 2022 Strikes: 1845 / 1870 Opening Spread: 14.15 And a Call Fly on TSLA. My running average with TSLA flies hasn't been good, so hoping to redress that here. Trade date: 29 November 2022 Security: TSLA Price at opening: 181.8 Implied Vol 74.2% Direction: Call Expiry date: 02 December 2022 Strikes: 170 / 180 / 190 Structure: 1 / 2 / 1 Opening Spread: 3.01
Opened a long directional position on oil yesterday. Trade date: 30 November 2022 Security: CL Price at opening: 80.75 Structure: OtM Put Credit Spread Expiry date: 09 December 2022 Strikes: 75.25 / 76.5 Opening Spread: 0.25 With the sudden rise in US equities yesterday, positions in #323 are all showing major unrealised losses.
On the wrong side of everything this week. Closed these early on turnaround signals. Trade date: 29 November 2022 Security: ES Price at opening: 3,979.00 Structure: AtM/OtM Call Credit Spread Expiry date: 05 December 2022 Strikes: 3980 / 4020 Opening Spread: 18.00 Close date: 02 December 2022 Trade duration: 3 Closing spread: 34.38 Profit / (Loss): -16.38 Profit / (Loss): -74.4% Trade date: 29 November 2022 Security: RUT Price at opening: 1,841.00 Structure: ItM/AtM Put Debit Spread Expiry date: 05 December 2022 Strikes: 1845 / 1870 Opening Spread: 14.15 Close date: 02 December 2022 Trade duration: 3 Closing spread: 8.39 Profit / (Loss): -5.76 Profit / (Loss): -40.7% Closed the TSLA fly after it rose from 180 to 195 in two days. Trade date: 29 November 2022 Security: TSLA Price at opening: 181.8 Implied Vol 74.2% Direction: Call Expiry date: 02 December 2022 Strikes: 170 / 180 / 190 Structure: 1 / 2 / 1 Opening Spread: 3.01 Close date: 02 December 2022 Trade duration: 3 Closing spread: 0.95 Profit / (Loss): -2.06 Profit / (Loss): -68.4% An expensive week.
Sticking with my model - which despite this week, has produced good returns thus far - I bought directional long spreads on SPX (before the sell off) and Nasdaq (after the sell off) today. Trade date: 02 December 2022 Security: ES Price at opening: 4,077.00 Structure: AtM/OtM Put Credit Spread Expiry date: 07 December 2022 Strikes: 4040 / 4075 Opening Spread: 13.25 Trade date: 02 December 2022 Security: NQ Price at opening: 11,915.00 Structure: OtM Put Credit Spread Expiry date: 09 December 2022 Strikes: 11590 / 11650 Opening Spread: 12.25
Closed the oil trade (#324) at a small profit. Trade date: 30 November 2022 Security: CL Price at opening: 80.75 Structure: OtM Put Credit Spread Expiry date: 09 December 2022 Strikes: 75.25 / 76.5 Opening Spread: 0.25 Close date: 05 December 2022 Trade duration: 5 Closing spread: 0.13 Profit / (Loss): 0.12 Profit / (Loss): 12.3% After markets fell yesterday, closed the ES from Friday at a loss. Trade date: 02 December 2022 Security: ES Price at opening: 4,077.00 Structure: AtM/OtM Put Credit Spread Expiry date: 07 December 2022 Strikes: 4040 / 4075 Opening Spread: 13.25 Close date: 06 December 2022 Trade duration: 4 Closing spread: 28.50 Profit / (Loss): -15.25 Profit / (Loss): -70.1% My model is evidently not working well in the current environment. There are some great intraday opportunities, but client work is taking priority at the moment so I can't take advantage of them. I'll probably close the Nasdaq position later. Opened another position on S&P in case I can get some directional traction. Trade date: 06 December 2022 Security: ES Price at opening: 4,011.00 Structure: AtM/OtM Call Credit Spread Expiry date: 12 December 2022 Strikes: 4015 / 4050 Opening Spread: 15.00
Closed the Nasdaq position (#326). The first closing orders filled on Friday at 6. I had to pay 31.25 for last ones yesterday. Trade date: 02 December 2022 Security: NQ Price at opening: 11,915 Structure: OtM Put Credit Spread Expiry date: 09 December 2022 Strikes: 11590 / 11650 Opening Spread: 12.25 Close date: 06 December 2022 Trade duration: 4 Closing spread: 18.63 Profit / (Loss): -6.38 Profit / (Loss): -13.4% Closing orders on the ES position opened yesterday just closed at a much-needed profit. Trade date: 06 December 2022 Security: ES Price at opening: 4,011.00 Structure: AtM/OtM Call Credit Spread Expiry date: 12 December 2022 Strikes: 4015 / 4050 Opening Spread: 15.00 Close date: 07 December 2022 Trade duration: 1 Closing spread: 3.50 Profit / (Loss): 11.50 Profit / (Loss): 57.5% Opened a bearish position on oil today. Trade date: 07 December 2022 Security: CL Price at opening: 74.15 Structure: OtM Call Credit Spread Expiry date: 15 December 2022 Strikes: 78 / 79 Opening Spread: 0.20
Another small profit on the OtM oil position opened on Wednesday. Trade date: 07 December 2022 Security: CL Price at opening: 74.15 Structure: OtM Call Credit Spread Expiry date: 15 December 2022 Strikes: 78 / 79 Opening Spread: 0.20 Close date: 09 December 2022 Trade duration: 2 Closing spread: 0.09 Profit / (Loss): 0.11 Profit / (Loss): 13.8%
My model isn't producing any decent butterfly trades so continuing with vertical swing trades for now. Opened this before US open. Trade date: 13 December 2022 Security: ES Price at opening: 4,031.00 Structure: AtM/OtM Put Credit Spread Expiry date: 19 December 2022 Strikes: 3950 / 4030 Opening Spread: 31.75