Swing trading with Butterflies

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

  1. I entered orders to open a long position on Nasdaq this morning, and they filled after I put the ES trade on here but prior to open.

    Nasdaq unexpectedly spiked up 3% on the open (to>12,200), so closing orders filled straight away.

    Trade date: 13 December 2022
    Security: NQ
    Price at opening: 11,874.00
    Structure: OtM Put Credit Spread
    Expiry date: 19 December 2022
    Strikes: 11360 / 11460
    Opening Spread: 25.00
    Close date: 13 December 2022
    Trade duration: 0
    Closing spread: 9.33
    Profit / (Loss): 15.67
    Profit / (Loss): 20.9%
     
    #331     Dec 13, 2022
  2. The ES position opened this morning (#330) also closed in profit today during the rally.

    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
    Close date: 13 December 2022
    Trade duration: 0
    Closing spread: 8.00
    Profit / (Loss): 23.75
    Profit / (Loss): 49.2%
     
    #332     Dec 13, 2022
  3. Opened a long position in Russell2000 for expiry next week.

    Trade date: 14 December 2022
    Security: RUT
    Price at opening: 1,856.00
    Structure: ItM/AtM CALL Debit Spread
    Expiry date: 23 December 2022
    Strikes: 1825 / 1855
    Opening Spread: 17.20
     
    #333     Dec 15, 2022
  4. Closed the long position in RUT on Friay at a loss.

    Trade date: 14 December 2022
    Security: RUT
    Price at opening: 1,856.00
    Structure: ItM/AtM CALL Debit Spread
    Expiry date: 23 December 2022
    Strikes: 1825 / 1855
    Opening Spread: 17.20
    Close date: 16 December 2022
    Trade duration: 2
    Closing spread: 2.55
    Profit / (Loss): -14.65
    Profit / (Loss): -85.2%
     
    #334     Dec 19, 2022
  5. Opened a couple of positions to take advantage of the Santa Rally.

    Trade date: 22 December 2022
    Security: ES
    Price at opening: 3,904.00
    Structure: AtM/OtM Put Credit Spread
    Expiry date: 28 December 2022
    Strikes: 3870 / 3900
    Opening Spread: 12.00

    Trade date: 22 December 2022
    Security: RUT
    Price at opening: 1,751.00
    Structure: ItM/AtM Call Debit Spread
    Expiry date: 30 December 2022
    Strikes: 1720 / 1750
    Opening Spread: 16.23
    Close date: 30 December 2022
     
    #335     Dec 22, 2022
  6. Adam777

    Adam777

    ... maybe Spy back to 400-410 max, but I can't see it going any further. I've been doing a lot of 1-2 week trades like yourself with the market chopping about and going nowhere.
     
    #336     Dec 23, 2022
  7. Yep, closed the SPX position on Friday at a loss and will wait until Jan before opening further positions. nb daily long-short-long-short signals don't work with a 3-5 day trade timeframe!

    Trade date: 22 December 2022
    Security: ES
    Price at opening: 3,904.00
    Structure: AtM/OtM Put Credit Spread
    Expiry date: 28 December 2022
    Strikes: 3870 / 3900
    Opening Spread: 12.00
    Close date: 23 December 2022
    Trade duration: 1
    Closing spread: 19.50
    Profit / (Loss): -7.50
    Profit / (Loss): -41.7%

    I left the RUT position open.
     
    #337     Dec 28, 2022
  8. The RUT position (#335) closed today in profit.

    Trade date: 22 December 2022
    Security: RUT
    Price at opening: 1,751.00
    Structure: ItM/AtM Call Debit Spread
    Expiry date: 30 December 2022
    Strikes: 1720 / 1750
    Opening Spread: 16.23
    Close date: 29 December 2022
    Trade duration: 7
    Closing spread: 27.00
    Profit / (Loss): 10.77
    Profit / (Loss): 66.4%

    I opened a bearish position on oil for expiry next week.

    Trade date: 29 December 2022
    Security: CL
    Price at opening: 77.90
    Structure: OtM Call Credit Spread
    Expiry date: 06 January 2023
    Strikes: 81 / 81.75
    Opening Spread: 0.18
     
    #338     Dec 29, 2022
  9. Closing orders on the oil position closed yesterday in profit.

    Trade date: 29 December 2022
    Security: CL
    Price at opening: 77.90
    Structure: OtM Call Credit Spread
    Expiry date: 06 January 2023
    Strikes: 81 / 81.75
    Opening Spread: 0.18
    Close date: 03 January 2023
    Trade duration: 5
    Closing spread: 0.08
    Profit / (Loss): 0.10
    Profit / (Loss): 17.1%

    Opened my first butterfly trade in a while, on Nasdaq.

    Trade date: 03 January 2023
    Security: NQ
    Price at opening: 10,810.6
    Implied Vol: 35.6%
    Direction: PUT
    Expiry date: 06 January 2023
    Strikes: 10525 / 10800 / 11075
    Structure: 1 / 2 / 1
    Opening Spread: 72.00
     
    #339     Jan 4, 2023
    Adam777 likes this.
  10. Opened a fly on S&P500 for expiry on Monday.

    Trade date: 05 January 2023
    Security: ES
    Price at opening: 3,810.6
    Implied Vol: 20.8%
    Direction: PUT
    Expiry date: 09 January 2023
    Strikes: 3745 / 3810 / 3875
    Structure: 1 / 2 / 1
    Opening Spread: 18.65

    The Nasdaq future closed yesterday at c.10820 so hoping that closing orders fill early today.
     
    #340     Jan 6, 2023