Sunday, February 25, 2018

Weekly Trade Summary: February 18 - February 24

This week I closed some hedges that were entered during the big market drop, and entered two new trades in smaller size. Details of this week's trading is shown below:

(click to enlarge)

Trade #4:  February 28 Weekly 
Expiration BWB - No adjustments this week
  • 07-December Entry (post)
  • 08-December Adjustment (post)
  • 19-December Adjustment (post)
  • 22-December Adjustment (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
  • 14-February Hedge Exit (post)
  • 15-February Hedge Exit (post)
(click to enlarge)

Trade #5:  March 16 Monthly Expiration BWB - Adjusted 21-Feb
  • 02-January Entry (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
  • 14-February Hedge Exit (post)
  • 15-February Hedge Exit (post)
(click to enlarge)

Trade #6:  March 29 Weekly Expiration BWB - Adjusted 21-Feb
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
  • 14-February Hedge Exit (post)
(click to enlarge)

Trade #7:  March 29 Weekly Expiration BWB - Adjusted 21-Feb
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
  • 14-February Hedge Exit (post)
  • 15-February Hedge Exit (post)
(click to enlarge)

Trade #8:  April 20 Monthly Expiration BWB - Entry 21-Feb
  • 21-February Entry
(click to enlarge)

Trade #9:  April 30 Weekly Expiration BWB - Entry 21-Feb
  • 21-February Entry
(click to enlarge)

I currently have 6 open trades, with expirations in Feb (1), Mar (3), Apr (2). Total defined risk for these trades is at 97% of the account net liquidation value. Removing hedges last week increased the risk in the account.

(click to enlarge)

4 of the 6 trades are currently underwater with negative P&L. All of the P&L% numbers in the table below are based on the maximum risk associated with each trade.

(click to enlarge)

If I were to close all four trades at this time, my account would be down 3.6% for the year ... not terrible considering the market action during the first part of February.

3 trades have been closed this year, with 3 wins and 0 losses. Realized return on the account/portfolio for the year is at 1.07%.  Total win rate is at 100% including hedges. The win rate on the core trades is also at 100%. These numbers will very likely change as I close out my open trades.

If the SPX continues much above 2750, I will need to start closing out my Feb and March expiration trades for losses. The Feb trade will be expiring this week and will be a loss. I will be keeping an eye on the SPX this week. I will make adjustments to my existing trades as follows:
  • Highly Likely: N/A
  • Likely: N/A
  • Possible: #4, #5, #6, #7, #8, #9
  • Unlikely: N/A


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Sunday, February 18, 2018

Weekly Trade Summary: February 11 - February 17

This week was primarily about closing the hedges on my trades. Details of this week's trading is shown below:

(click to enlarge)

Trade #4:  February 28 Weekly Expiration BWB - Adjusted 14-Feb, 15-Feb
  • 07-December Entry (post)
  • 08-December Adjustment (post)
  • 19-December Adjustment (post)
  • 22-December Adjustment (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
(click to enlarge)

Trade #5:  March 16 Monthly Expiration BWB - Adjusted 14-Feb, 15-Feb
  • 02-January Entry (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
(click to enlarge)

Trade #6:  March 29 Weekly Expiration BWB - Adjusted 14-Feb
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
(click to enlarge)

Trade #7:  March 29 Weekly Expiration BWB - Adjusted 14-Feb, 15-Feb
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Hedge (post)
  • 06-February Hedge (post)
  • 08-February Hedge (post)
  • 09-February Hedge (post)
(click to enlarge)

I currently have 4 open trades, with expirations in Feb (1) and Mar (3). Total defined risk for these trades is at 84% of the account net liquidation value. Removing hedges last week increased the risk across all trades.

(click to enlarge)

All four trades are currently underwater with negative P&L. All of the P&L% numbers in the table below are based on the maximum risk associated with each trade.

(click to enlarge)

If I were to close all four trades at this time, my account would be down 5.1% for the year ... not terrible considering the market action during the first part of February.

3 trades have been closed this year, with 3 wins and 0 losses. Realized return on the account/portfolio for the year is at 1.07%.  Total win rate is at 100% including hedges. The win rate on the core trades is also at 100%. These numbers will very likely change as I close out my open trades.

I will make adjustments to my existing trades as follows:
  • Highly Likely: N/A
  • Likely: N/A
  • Possible: #4, #5, #6, #7
  • Unlikely: N/A


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Sunday, February 11, 2018

Weekly Trade Summary: February 4 - February 10

This week was a heck of a week. The SPX closed the prior week at 2762, and this week it hit a low of 2532 ... over an 8% drop. A lot of the big market action happened while I was flying between New York and Utah ... I was on flights nearly all day on both Monday and Friday. Unfortunately for me, the WI-FI on the flights was either not working or was spotty. Because of this I ended up hedging all of my trades at non-optimal times on those days.

Details of this week's trading is shown below:

(click to enlarge)

Trade #4:  February 28 Weekly Expiration BWB - Adjusted four separate days
  • 07-December Entry (post)
  • 08-December Adjustment (post)
  • 19-December Adjustment (post)
  • 22-December Adjustment (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 05-February Adjustment
  • 06-February Adjustment
  • 08-February Adjustment
  • 09-February Adjustment
(click to enlarge)

Trade #5:  March 16 Monthly Expiration BWB - Adjusted four separate days
  • 02-January Entry (post)
  • 02-January Adjustment (post)
  • 05-January Adjustment (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Adjustment
  • 06-February Adjustment
  • 08-February Adjustment
  • 09-February Adjustment
(click to enlarge)

Trade #6:  March 29 Weekly Expiration BWB - Adjusted four separate days
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Adjustment
  • 06-February Adjustment
  • 08-February Adjustment
  • 09-February Adjustment
(click to enlarge)

Trade #7:  March 29 Weekly Expiration BWB - Adjusted four separate days
  • 09-January Entry (post)
  • 11-January Adjustment (post)
  • 22-January Adjustment (post)
  • 30-January Adjustment (post)
  • 02-February Adjustments (post)
  • 05-February Adjustment
  • 06-February Adjustment
  • 08-February Adjustment
  • 09-February Adjustment
    (click to enlarge)

    I currently have 4 open trades, with expirations in Feb (1) and Mar (3). Total defined risk for these trades is at 58% of the account net liquidation value. My hedging reduced my account exposure.

    (click to enlarge)

    All four trades are currently underwater with negative P&L. Not sure if I mentioned this before, but all of the P&L% numbers in the table below are based on the maximum risk associated with each trade, during the life of the trade.

    (click to enlarge)

    If I were to close all four trades at this time, my account would be down 7.8% for the year ... not terrible considering the market action.

    3 trades have been closed this year, with 3 wins and 0 losses. Realized return on the account/portfolio for the year is at 1.07%.  Total win rate is at 100% including hedges. The win rate on the core trades is also at 100%. These numbers will very likely change if the market continues down and I close out my open trades.

    I will make adjustments to my existing trades as follows:
    • Highly Likely: N/A
    • Likely: N/A
    • Possible: #4, #5, #6, #7
    • Unlikely: N/A


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    Saturday, February 3, 2018

    Weekly Trade Summary: January 28 - February 3

    This week I adjusted three of my BWB trades (expirations: 16-Mar, 29-Mar, 29-Mar). As of the close on Friday, the three adjusted trades all look similar to this 29-March expiration trade:

    (click to enlarge)

    Details of this week's trading is shown below:

    (click to enlarge)

    Trade #5:  March 16 Monthly Expiration BWB - Adjusted 02-Feb
    • 02-January Entry (post)
    • 02-January Adjustment (post)
    • 05-January Adjustment (post)
    • 11-January Adjustment (post)
    • 22-January Adjustment (post)
    • 02-February Adjustments

    Trade #6:  March 29 Weekly Expiration BWB - Adjusted 30-Jan, 02-Feb
    • 09-January Entry (post)
    • 11-January Adjustment (post)
    • 22-January Adjustment (post)
    • 30-January Adjustment
    • 02-February Adjustments

    Trade #7:  March 29 Weekly Expiration BWB - Adjusted 30-Jan, 02-Feb
    • 09-January Entry (post)
    • 11-January Adjustment (post)
    • 22-January Adjustment (post)
    • 30-January Adjustment
    • 02-February Adjustments

      I currently have 4 open trades, with expirations in Feb (1) and Mar (3). Total defined risk for these trades is at 78% of the account net liquidation value.

      (click to enlarge)

      Of the 4 open trades, only one currently has positive P&L:

      (click to enlarge)

      3 trades have been closed this year, with 3 wins and 0 losses. Return on the account/portfolio for the year is at 1.07%.  Total win rate is at 100% including hedges. The win rate on the core trades is also at 100%.

      I was going to add the 20-April expiration trade this week, but the pricing was a little too favorable, so I elected to wait until next week ... glad I did! Next week, I will again look to add a 20-April expiration trade. I will make adjustments to my existing trades as follows:
      • Highly Likely: N/A
      • Likely: N/A
      • Possible: #4, #5, #6, #7
      • Unlikely: N/A


      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"