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:

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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

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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

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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

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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

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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.

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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.

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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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