Weekly Trade Summary: June 25 - July 1

Last week I entered one SPX broken wing butterfly (BWB) on the Sep 15 expiration, and expired my BWB on the June 30 expiration for a profit. The new trade, and the details of the expired trade are shown below:

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• Original Trade Entry: April 18 - BWB on the June 30 expiration (post)

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• Adjustment: May 18 - moved some upper longs on the June 30 expiration (post)

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I currently have 5 open trades, with expirations in July (2), Aug (2), and Sep (1):

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Total defined risk for these trades had dropped to 28.5% of the account net liquidation value.

28 trades have been closed this year...16 wins and 12 losses. Return on the account for the year is at 2.9%...not happy with that number!  Total win rate is at 57%. The win rate on the core trades is at 67% and creeping up. Not happy with the core trade win rate. Of the 5 open trades, 4 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I am digging into the iron condor backtest results a bit more right now to see how well they have performed in 2017.

I will be out of the country over the next two weeks, and don't anticipate making any trades or adjustments...but we'll see!


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Weekly Trade Summary: June 18 - June 24

I keep falling behind in my weekly trade summaries for the blog.  Work and summer activities get priority over the blog, but I'll try to catch up today.

During the week of June 18th I entered one SPX broken wing butterfly (BWB) on the Aug 31 expiration and made adjustments on my two July 21 expiration trades. This trade activity is shown below:

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• Original Trade Entry: May 12 - BWB on the Jun 21 expiration (post)

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• Original Trade Entry: May 18 - BWB on the Jun 21 expiration (post)

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I currently have 5 open trades, with expirations in June (1), July (2), and Aug(2):

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Total defined risk for these trades is at 30.0% of the account net liquidation value.

27 trades have been closed this year...15 wins and 12 losses. Return on the account for the year is at 2.6%...not happy with that number!  Total win rate is at 56%.  The win rate on the core trades is at 65% and at the very low end of the expected range. Not happy with the core trade win rate either!

Since I'm a week behind in posting this update, I can say that I did enter another trade during the week of June 25th...The summary for the week of June 25th will be posted in the next day or so.


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Weekly Trade Summary: June 11 - June 17

No trading activity last week, just one trade expired for a small profit (June 16 expiration). The trades associated with the June 16 butterfly are shown below:

• Original Trade Entry: April 3 - BWB on the Jun 16 expiration (post)

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•  Adjustment: May 18 - moved upper longs on the Jun 16 expiration (post)

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I currently have 5 open trades, with expirations in June (1), July (2), and Aug(1):

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Total defined risk for these trades is at 23.6% of the account net liquidation value.

27 trades have been closed this year...15 wins and 12 losses. Return on the account for the year is at 2.6%...not happy with that number!  Total win rate is at 56%.  The win rate on the core trades is at 65% and at the very low end of the expected range. Not happy with the core trade win rate either!  Of the 4 open trades, 3 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I will be digging into the iron condor backtest results a bit more over the next few weeks to see how well they have performed in 2017.

Next week I will adjust the upside long puts on the two July expiration trades, and will likely add another BWB.


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Weekly Trade Summary: June 04 - June 10

Last week I entered one, reduced size, SPX broken wing butterfly (BWB) on the Aug 11 expiration. This trade is shown below:

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I currently have 5 open trades, with expirations in June (2), July (2), and Aug(1):

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Total defined risk for these trades is at 31.9% of the account net liquidation value.

26 trades have been closed this year...14 wins and 12 losses. Return on the account for the year is at 2.4%...not happy with that number!  Total win rate is at 54%.  The win rate on the core trades is at 64% and at the very low end of the expected range. Not happy with the core trade win rate either!  Of the 5 open trades, 2 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I will be digging into the iron condor backtest results a bit more over the next few weeks to see how well they have performed in 2017.

Next week I will adjust the upside long puts on the two July expiration trades, and will likely add another BWB.


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Weekly Trade Summary: May 28 - June 03

I was taken out of commission for a few days at the end of last week, which made it impossible to get my trade summary published. The SPX pushed up above the 2410 level on Thursday, May 25th and stayed there on Friday, May 26th.  This move pushed two of my butterfly positions into adjustment mode. I thought I'd wait and see if we retraced the following week (May 28 to June 3), but wouldn't you know that the SPX pushed strongly higher on June 1.  Rather than adjust and fight the up trend, I closed these two trades and took the loss. The two closing trades are listed below:

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The original two trades are show below:

• Original Trade Entry: May 5 - BWB on the July 7 expiration (post)

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• Original Trade Entry: May 12 - BWB on the July 14 expiration (post)

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I currently have 4 open trades, with expirations in June (2) and July (2):

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Total defined risk for these trades is at 26.9% of the account net liquidation value.

26 trades have been closed this year...14 wins and 12 losses. Return on the account for the year is at 2.4%...hardly worth the effort!  Total win rate is at 54%.  The win rate on the core trades is at 64% and at the very low end of the expected range. Of the 4 open trades, 2 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I will be digging into the iron condor backtest results a bit more over the next few weeks to see how well they have performed in 2017.


Follow my blog by email, RSS feed or Twitter (@DTRTrading).  All options are available on the top of the right hand navigation column under the headings "Subscribe To RSS Feed", "Follow By Email", and "Twitter".