Weekly Trade Summary: March 04 - March 10

This week the SPX went straight up, with big up moves on Monday and Friday. Here's a shot of this week's SPX movement.

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On Thursday I entered a new trade on the May monthly expiration. On Friday, I adjusted my existing hedges on my two April expiration trades. All three trades are smaller than usual due to the SPX movement. Details of this week's trading is shown below:

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Trade #8: April 20 Monthly Expiration BWB - Adjusted 02-Mar

• 21-February Entry (post)
• 02-March Hedge (post)
• 09-March Hedge Exit

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Trade #9: April 30 Weekly Expiration BWB - Adjusted 02-Mar

• 21-February Entry (post)
• 02-March Hedge (post)
• 09-March Hedge Adjustment

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Trade #10: May 18 Monthly Expiration BWB - Entry 08-Mar

• 08-March Entry

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I currently have 3 open trades, with expirations in Apr (2) and May (1). Total defined risk for these trades is at 26.3% of the account net liquidation value.

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

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7 trades have been closed this year, with 3 wins and 4 losses. The total win rate is at 43%. Realized return on the account/portfolio for the year is -7.3%. Trade results are summarized below:

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For next week I will likely start making upside adjustments to add credit to the trades. I will make adjustments to my existing trades as follows:

• Highly Likely: N/A
• Likely: #8, #9
• Possible: #10
• Unlikely: N/A

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