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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)
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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)
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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)
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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)
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Trade #8: April 20 Monthly Expiration BWB - Entry 21-Feb
- 21-February Entry
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Trade #9: April 30 Weekly Expiration BWB - Entry 21-Feb
- 21-February Entry
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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.
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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.
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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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