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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