Weekly Trade Summary: November 19 - November 25

I was in China all this week with limited internet connectivity thanks to the "Great Firewall Of China". This week a contingent order closed my 15-Dec expiration butterfly for a small profit. Details of this week's trading below:

(click to enlarge)

December 15 Monthly Expiration Trade (#45) - Closed 21-November (+4.1%)

• 27-September Entry (post)
• 29-September Adjustment (post)
• 02-October Adjustment (post)
• 05-October Adjustment (post)
• 17-October Adjustment (post)
• 27-October Adjustment (post)

I currently have 4 open trades, with expirations in Dec (2) and Jan (2), plus two debit spread hedges:

(click to enlarge)

Total defined risk for these trades is at 44.7% of the account net liquidation value.

45 trades have been closed this year, with 29 wins and 16 losses. Return on the account/portfolio for the year is at 5.9%.  Total win rate is at 64% 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.

Next week I will be looking for new trades in the February expirations. I will also evaluate my hedges and likely close them for larger losses than I'd like. They did offer some degree of downside protection while I was disconnected in China. I got back to the USA about 1:00AM on the 26th, and will fly back to my client in Raleigh, NC on the 27th.


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Weekly Trade Summary: November 12 - November 18

I left for China right before this week ended, and was in the air for the close on November 18th...so a bit late with two weeks of trade summaries.

This week I entered 1 new trade on the Jan-31 expiration and added debit spreads to hedge the account. The hedges were added on the down day on the 15th. Details of this week's trading below:

(click to enlarge)

January 31 Weekly Expiration Trade (#49) - Entered 14-Nov

• 14-November Entry

December 15 Monthly Expiration Hedge (#50) - Entered 15-Nov

• 15-November Entry

December 29 Weekly Expiration Trade (#51) - Entered 15-Nov

• 15-November Entry

I currently have 5 open trades, with expirations in Dec (3) and Jan (2), plus 2 debit spread hedges:

(click to enlarge)

Total defined risk for these trades is at 54% of the account net liquidation value.

44 trades have been closed this year, with 28 wins and 16 losses. Return on the account/portfolio for the year is at 5.6%.  Total win rate is at 64% including hedges. The win rate on the core trades is at 70%, 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.

I will be in China next week and all of these trades will be on auto pilot. I won't have my laptop with me, so the hedges and butterflies will hopefully work out okay.


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Weekly Trade Summary: November 5 - November 11

I did not enter or adjust any trades this week. The slight drop in the SPX kept me from adjusting. My travel schedule kept me from being able to enter another butterfly this week...too much time on planes. There did seem to be a good entry on the Jan 31 expiration on yesterday.

I currently have 4 open trades, with expirations in Dec (3) and Jan (1):

(click to enlarge)

Total defined risk for these trades is still at 42% of the account net liquidation value.

44 trades have been closed this year, with 28 wins and 16 losses. Return on the account/portfolio for the year is at 5.6%.  Total win rate is at 64% including hedges. The win rate on the core trades is at 70%, 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 4 open trades, 2 currently have a positive P&L.

(click to enlarge)

Next week I will be looking to enter a trade on the January 31 expiration. I will make adjustments in my existing trades as follows:

• Highly Likely: N/A
• Likely: N/A
• Possible: #46, #47, #48
• Unlikely: #45

Quite a bit of travel during the last week and the next two weeks. This could impact both trading and blogging. Was in Raleigh last week, then back home to Salt Lake City for one night, and now in Los Angeles. Heading back home tomorrow night, and then flying back to Raleigh on Monday.


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Weekly Trade Summary: October 29 - November 4

This week I closed for a profit, trades expiring on 17-Nov, 24-Nov, and 30-Nov. I also entered one new trade, and adjusted three trades.  Details of this week's trading below:

(click to enlarge)

November 17 Weekly Expiration Trade (#41) - Closed 02-November (+4.8%)

• 01-September Entry (post)
• 15-September Adjustment (post)
• 20-September Adjustment (post)
• 27-September Adjustment (post)
• 29-September Adjustment (post)

November 17 Monthly Expiration Trade (#42) - Closed 31-October (+2.7%)

• 08-September Entry (post)
• 15-September Adjustment (post)
• 20-September Adjustment (post)
• 27-September Adjustment (post)
• 29-September Adjustment (post)

November 30 Weekly Expiration Trade (#43) - Closed 03-November (+4.0%)

• 15-September Entry (post)
• 20-September Adjustment (post)
• 29-September Adjustment (post)
• 04-October Adjustment (post)
• 05-October Adjustment (post)

November 24 Weekly Expiration Trade (#44) - Closed 02-November (+1.2%)

• 21-September Entry (post)
• 29-September Adjustment (post)
• 02-October Adjustment (post)
• 06-October Adjustment (post)

December 29 Weekly Expiration Trade (#46) - Adjusted 03-Nov

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

December 29 Weekly Expiration Trade (#47) - Adjusted 03-Nov

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

January 19 Monthly Expiration Trade (#48) - Adjusted 03-Nov

• 03-November Entry
• 03-November Adjustment

I currently have 4 open trades, with expirations in Dec (3) and Jan (1):

(click to enlarge)

Total defined risk for these trades is at 42% of the account net liquidation value.

44 trades have been closed this year, with 28 wins and 16 losses. Return on the account/portfolio for the year is at 5.6%.  Total win rate is at 64% including hedges. The win rate on the core trades is at 70%, 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 4 open trades, 3 currently have a positive P&L. The trade with negative P&L was entered today:

(click to enlarge)

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

• Highly Likely: N/A
• Likely: #46
• Possible: #47, #48
• Unlikely: #45

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