Weekly Trade Summary: November 26 - December 02

This week I adjusted my four BWB (expirations: 29-Dec, 19-Jan, 31-Jan), entered one new trade on the Feb-16 expiration, and closed out my debit spread hedges for larger losses than planned. Although the hedges took larger losses than planned, they provided peace of mind while I was in China with no connectivity to my broker. Details of this week's trading below:

(click to enlarge)

Trade #46:  December 29 Weekly Expiration BWB - Adjusted 27-Nov

• 17-October Entry (post)
• 18-October Adjustment (post)
• 27-October Adjustment (post)
• 03-November Adjustment (post)

Trade #47:  December 29 Weekly Expiration BWB - Adjusted 27-Nov

• 24-October Entry (post)
• 26-October Adjustment (post)
• 27-October Adjustment (post)
• 03-November Adjustment (post)

Trade #48:  January 19 Monthly Expiration BWB - Adjusted 27-Nov

• 03-November Entry (post)
• 03-November Adjustment (post)

Trade #49:  January 31 Weekly Expiration BWB - Adjusted 27-Nov, 28-Nov

• 14-November Entry (post)
• 27-November Adjustment
• 28-November Adjustment

Trade #50:  December 15 Monthly Expiration HEDGE - Closed 27-November (-66.5%)

• 15-November Entry (post)
• Note: planned loss exit was -50%, plan exceeded by 16.5%
• Note: if not in China, would have closed on 21-Nov @ $2.10 / -59.6%

Trade #51:  December 29 Weekly Expiration HEDGE - Closed 27-November (-53.7%)

• 15-November Entry (post)
• Note: planned loss exit was -50%, plan exceeded by 3.7%
• Note: if not in China, would have closed on 21-Nov @ $2.60 / -50.2%

Trade #52:  February 16 Monthly Expiration BWB - Entered 28-Nov

• 28-November Entry

I currently have 5 open trades, with expirations in Dec (2), Jan (2), and Feb (1):

(click to enlarge)

Total defined risk for these trades is at 66.9% of the account net liquidation value.

47 trades have been closed this year, with 29 wins and 18 losses. Return on the account/portfolio for the year is at 4.8%.  Total win rate is at 62% including hedges. The win rate on the core trades is at 71%, and getting closer to the historical win rate. Still not happy with the core trade win rate, but at least it is improving and the losses have been small.

Of the 5 open trades, 4 currently have a positive P&L. The trade with negative P&L was entered this week:

(click to enlarge)

Next week I will be looking for new trades in the weekly February expirations (if available). I will make adjustments in my existing trades as follows:

• Highly Likely: #48
• Likely: #49
• Possible: #52
• Unlikely: #46, #47

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