Labels

Friday, April 22, 2016

Strategy 2

Rules:
1. Sell new top (0.5-1SD)  top ATM 30-45 DTE straddle;
2. Buy 1-2 strike OTM PUT for downside protection;
3. Take 30% of max profit.
4. Roll if unprofitable.
--------------------------------------------------------------------------------------------------------------
3/18/16-4/22/16  + 21 points of Realized Profit;   ~ -8 points of Unrealized Loss
--------------------------------------------------------------------------------------------------------------
4/21/16 - 3/29/16  Chain of trades.
Violating Rule #1 is a bad approach. Let us execute Rule #4 against SP500 uptrend.

Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
10.0+51.0=61.0
4/21/2016 11:44 VERTICAL SELL -1 TO OPEN /ESM6 2060 PUT 31.5 11.25
BUY 1 TO OPEN /ESM6 2010 PUT 20.25 CREDIT
4/21/2016 11:43 SINGLE SELL -1 TO OPEN /ESM6 2060 CALL 63.5 63.5
4/21/2016 11:39 SINGLE BUY 1 TO CLOSE /EW4K6 2050 CALL 61.75 61.75
4/21/2016 11:37 VERTICAL BUY 1 TO CLOSE /EW4K6 2050 PUT 18.25 3
SELL -1 TO CLOSE /EW4K6 2035 PUT 15.25 DEBIT

4/12/16 Rule #1 has been violated. That's because it is not a new trade. This is meant to improve
3/29/2016 entry.
Exec TimeSpreadSideQtyPos EffectExpStrikeTypePriceNet Price
45.25+6.0=51.25
4/12/2016 11:52SINGLEBUY1TO OPEN/EW4K62035PUT34.75CREDIT
4/12/2016 11:47STRADDLESELL-1TO OPEN/EW4K62050CALL40.25
SELL-1TO OPEN/EW4K62050PUT39.75

4/11/16  
Out with +6 points instead of +10 points. That's because the trade didn't  work for 2 weeks.
I hope to reestablish this position with a better entry point.

Exec TimeSpreadSideQtyPos EffectExpStrikeTypePriceNet Price
4/11/2016 15:56IRON CONDORBUY1TO CLOSE/EWJ62045CALL2124.8
SELL-1TO CLOSE/EWJ62130CALL0.45DEBIT
BUY1TO CLOSE/EWJ62045PUT28.25
SELL-1TO CLOSE/EWJ62035PUT24

3/29/16 Original Entry

Exec TimeSpreadSideQtyPos EffectExpStrikeTypePriceNet Price
3/29/2016 14:35IRON CONDORSELL-1TO OPEN/EWJ62045CALL29.531.5
BUY1TO OPEN/EWJ62130CALL1.5CREDIT
SELL-1TO OPEN/EWJ62045PUT29.75
BUY1TO OPEN/EWJ62035PUT26.25
--------------------------------------------------------------------------------------------------------------
4/20/16 Closed on  4/22/16 +8 points


Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
4/22/2016 9:09 SINGLE BUY 1 TO CLOSE /EWK6 2100 CALL 22.25 22.25

Exec TimeSpreadSideQtyPos EffectExpStrikeTypePriceNet Price
4/20/2016 11:41SINGLESELL-1TO OPEN/EWK62100CALL30.530.5
--------------------------------------------------------------------------------------------------------------
4/13/16 Closed on  4/22/16 +1 point
Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
4/22/2016 13:22 CUSTOM BUY 1 TO CLOSE /EWK6 2070 CALL 37.5 49.75
BUY 1 TO CLOSE /EWK6 2070 PUT 29.5 DEBIT
SELL -1 TO CLOSE /EWK6 2025 PUT 17.25

Exec TimeSpreadSideQtyPos EffectExpStrikeTypePriceNet Price
51
4/13/2016 12:06STRADDLESELL-1TO OPEN/EWK62070CALL37.25CREDIT
SELL-1TO OPEN/EWK62070PUT37.5
4/13/2016 12:06SINGLEBUY1TO OPEN/EWK62025PUT23.75
--------------------------------------------------------------------------------------------------------------
3/18/16-3/28/16  + 12  points

No comments:

Post a Comment