Trade Results

Portfolio Performance
Pro Zones Trades -
 

Win Rate

Closed Positions

Reward/Risk Ratio

Average Position Size

12 Months

Simulated Performance


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SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
Aug 15, 2022
4235.00
Put
Sold
Close
-1
Aug 15, 2022
4230.00
Put
1.05 Debit

Target Metrics

Reward Risk R/R Ratio
$2.30 $1.50 1.53

REALIZED RESULTS

P/L ROI
+1.25 46.30%
Reason for Closing:

Have captured quite a bit of the overall profits in just 24 hours. Closing this one down and will reallocate risk next week.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Aug 15, 2022
4235.00
Put
Bought
Open
+1
Aug 15, 2022
4230.00
Put
2.30 Credit

Target Metrics

Reward Risk R/R Ratio
$2.30 $1.50 1.53

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.30 $2.70 5.00%
Reason for Opening:

I'm expecting price to continue higher and hold above the 4235-4220 price levels.

LOSS MANAGEMENT PLAN

I will look to close this position if we are failing to hold above 4220

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Call
Bought
Close
+1
Jun 1, 2022
410.00
Call
0.68 Debit

Target Metrics

Reward Risk R/R Ratio
$4.72 $2.50 1.89

REALIZED RESULTS

P/L ROI
+4.04 Unlmt
Reason for Closing:

Closing these short calls as there is a good probability we finish higher than the 410 price level and I want to continue holding the Long Calls.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Call
Sold
Open
-1
Jun 1, 2022
410.00
Call
4.72 Credit

Target Metrics

Reward Risk R/R Ratio
$4.72 $2.50 1.89

ACTUAL PARAMETERS

Reward Risk Trade Risk
4.72 $0.00 5.00%
Reason for Opening:

I'm selling these calls against my July 410 Long Calls to reduce my overall cost basis in the July Long Calls as I expect the SPY to retrace down to approx. the 403-400 price level early next week. Here's chart on /ES: http://tos.mx/MKrKogO

LOSS MANAGEMENT PLAN

I will look to close this position if the SPY is closing above the 412.00 price level

PROFIT MANAGEMENT PLAN

I will look to capture profits on this position at around the 403 - 400 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Jun 1, 2022
4120.00
Call
Sold
Close
-1
Jun 1, 2022
4125.00
Call
0.50 Debit

Target Metrics

Reward Risk R/R Ratio
$0.40 $0.60 0.67

REALIZED RESULTS

P/L ROI
-0.10 -2.17%
Reason for Closing:

Taking a very small loss on this position that was at a maximum loss this past Friday. Good adjustment but likely closing above 4120 this afternoon so closing it down.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Jun 1, 2022
4120.00
Call
Bought
Open
+1
Jun 1, 2022
4125.00
Call
0.40 Credit

Target Metrics

Reward Risk R/R Ratio
$0.40 $0.60 0.67

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.40 $4.60 6.00%
Reason for Opening:

ADJUSTMENT 05/27/2022 @ 3:40 PM ET: I rolled the Bear Call leg of my iron condor out to 1 JUN 2022 for 1.70 Debit leaving me with 0.40 of net credit as my original credit on the Iron Condor was 2.10. I did this as we will be rolling back down to the 4015 price level and it doesn't make sense to let this position go out with a max loss. ========================================================== I expect the SPX to stay between the 4120 and 3820 price levels through May 27th. We will likely bounce up towards the 4060-4100 level going into Friday May 20th and then continue selling off into the next week. Here's the shared chart: http://tos.mx/vlKEPHv

LOSS MANAGEMENT PLAN

I will look to close/manage this position if price breaks above the 4115 or below the 3825 price levels

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
May 31, 2022
4260.00
Put
Sold
Close
-1
May 31, 2022
4250.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$4.50 $3.70 1.22

REALIZED RESULTS

P/L ROI
+4.50 81.82%
Reason for Closing:

No closing reason was given

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
May 31, 2022
4260.00
Put
Bought
Open
+1
May 31, 2022
4250.00
Put
4.50 Credit

Target Metrics

Reward Risk R/R Ratio
$4.50 $3.70 1.22

ACTUAL PARAMETERS

Reward Risk Trade Risk
$4.50 $5.50 7.00%
Reason for Opening:

I'm adding this Bull Put as a hedge to my 4260/4270 Bear Call in the same expiration. With how quickly price came back to the 4260 level, I expect price to rise back above the 4260 price level before I begin to capture time value from the bear call. I'm adding this position with the same number of contracts that I have on the bear call which only serves to reduce my risk and does not increase my risk whatsoever. I will take profits on this bull put somewhere between 4400-4440 and likely leave the bear call if price looks poised to roll back over.

LOSS MANAGEMENT PLAN

I will likely allow this position to just drop off upon expiration unless it's hovering around 4260-4200 with 1 week until expiry and there's a high likelihood that given 1-2 more weeks of time the position will expire out of the money and an adjustment makes sense.

PROFIT MANAGEMENT PLAN

I will look to capture profits around the 4400-4440 price levels.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
CSCO
Call
Sold
Close
-1
May 27, 2022
48.00
Call
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$8.00 $2.10 3.81

REALIZED RESULTS

P/L ROI
-2.10 -100.00%
Reason for Closing:

Lottery ticket type position didn't work as indicated in management plan when opened.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
CSCO
Call
Bought
Open
+1
May 27, 2022
48.00
Call
2.10 Debit

Target Metrics

Reward Risk R/R Ratio
$8.00 $2.10 3.81

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $2.10 3.00%
Reason for Opening:

This is admittedly a very risky and speculative position. With that said, the S&P is indicating a bounce before dropping further as price action has developed throughout the day. With CSCO sitting right at a 20+ year auction zone, I suspect their earnings call will be positive and will be part of the catalyst to push the S&P towards the 4100 price level. Here is the CSCO chart: http://tos.mx/HdKMtIc

LOSS MANAGEMENT PLAN

I will likely lose the entire value of this position if I'm wrong.

PROFIT MANAGEMENT PLAN

I will look to capture profits around the $54 - $56 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
May 27, 2022
3830.00
Put
Sold
Close
-1
May 27, 2022
3825.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$2.00 $1.00 2.00

REALIZED RESULTS

P/L ROI
+2.00 66.67%
Reason for Closing:

Expired worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
May 27, 2022
3830.00
Put
Bought
Open
+1
May 27, 2022
3825.00
Put
2.00 Credit

Target Metrics

Reward Risk R/R Ratio
$2.00 $1.00 2.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.00 $3.00 5.00%
Reason for Opening:

Expecting a strong support response at the 610 Fib moving average. Here's the shared chart: http://tos.mx/TKjkexQ

LOSS MANAGEMENT PLAN

I will look to close this position if the SPX appears to be closing below the 3800 price level

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Iron Condor
Bought
Close
+1
May 20, 2022
4700.00
Call
Sold
Close
-1
May 20, 2022
4750.00
Call
Bought
Close
+1
May 20, 2022
3600.00
Put
Sold
Close
-1
May 20, 2022
3550.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$10.50 $3.00 3.50

REALIZED RESULTS

P/L ROI
+10.50 26.58%
Reason for Closing:

Expired worthless...worked great in this volatile environment!

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Iron Condor
Sold
Open
-1
May 20, 2022
4700.00
Call
Bought
Open
+1
May 20, 2022
4750.00
Call
Sold
Open
-1
May 20, 2022
3600.00
Put
Bought
Open
+1
May 20, 2022
3550.00
Put
10.50 Credit

Target Metrics

Reward Risk R/R Ratio
$10.50 $3.00 3.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$10.50 $39.50 14.00%
Reason for Opening:

****CORRECTION TO STRIKE PRICES AND CREDIT RECEIVED > I ACCIDENTALLY EXECUTED A DEEP IN THE MONEY BEAR CALL AND FAR OUT OF THE MONEY BULL PUT WHICH GAVE ME THE 43.00 OF CREDIT REPORTED. THE BEAR CALL HOWEVER WAS NOT THE STRIKE I INTENDED ON AND HAVE CLOSED THAT EXISTING POSITION FOR BREAKEVEN AND CORRECTED THIS LOG TO REFLECT BOTH CORRECT STRIKES AND CREDIT. I WOULD CLOSE ANY POSITION THAT ACCIDENTALLY HAD STRIKES THAT AREN'T THE ONES IN THIS UPDATE AND RE-OPEN WITH CORRECT STRIKES*** As discussed in the daily outlook this morning (02/24), I have some vulnerabilities in my Zones Portfolio that need hedged, purchasing directional options are extremely risky at the heightened levels of volatility that we currently have. I have decided to open a wide spread, and extremely far out of the money Iron Condor that provides enormous hedge to existing positions, exposes me to significant upside reward, and limits vulnerability to chaotic price action that is to be expected to continue. Here is my ThinkorSwim shared chart: http://tos.mx/DCleq6m

LOSS MANAGEMENT PLAN

I will look to manage this position if price descends below the 3650 or above the 4650 price levels.

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Sold
Close
-1
May 20, 2022
415.00
Put
15.75 Credit

Target Metrics

Reward Risk R/R Ratio
$20.00 $5.00 4.00

REALIZED RESULTS

P/L ROI
-4.91 -23.77%
Reason for Closing:

I'm closing this position down as the SPX is likely to see a fairly significant reversal when the Federal Reserve announces an increase in interest rates to combat inflation on 05/04/2022. Although I'm taking a loss on this position, it was always added as a volatility hedge to protect my other bullish positions during a very uncertain and headline risky environment.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Bought
Open
+1
May 20, 2022
415.00
Put
20.66 Debit

Target Metrics

Reward Risk R/R Ratio
$20.00 $5.00 4.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$394.34 $20.66 7.00%
Reason for Opening:

I closed my Long Calls which were added as a hedge last week when the outlook was uncertain and pivoted the risk capital from calls to puts as I see a fairly precipitous drop over the next 3-7 days in the S&P 500 as more information comes out regarding the Kremlin's intension's following the initial invasion of Ukraine by Russia and various consequences announced by NATA and UN nations.

LOSS MANAGEMENT PLAN

If price appears to be breaking back above the 4235 price level I will consider selling short term puts if the outlook still appears to see price move lower, or I will close this position if conditions change and price is likely to continue higher.

PROFIT MANAGEMENT PLAN

I will look to capture profits around the 3970-3850 price levels in the SPX.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
Apr 14, 2022
4590.00
Put
Sold
Close
-1
Apr 14, 2022
4585.00
Put
5.00 Debit

Target Metrics

Reward Risk R/R Ratio
$0.35 $1.50 0.23

REALIZED RESULTS

P/L ROI
-4.65 -100.00%
Reason for Closing:

Will re-add this position next week.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Apr 14, 2022
4590.00
Put
Bought
Open
+1
Apr 14, 2022
4585.00
Put
0.35 Credit

Target Metrics

Reward Risk R/R Ratio
$0.35 $1.50 0.23

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.35 $4.65 5.00%
Reason for Opening:

ADJUSTMENT 04/14/2022 @ 12:50 PM ET: I rolled this position to the 04/14 expiration for a 0.85 debit which leaves me with a 0.35 credit but most importantly as long as price still supports a likely move up into the 4635-4650 level in the near term, this adjustment is saving me from a maximum loss, and to me, that makes sense in appropriate situations. Overall the thesis that supports this position is still intact, please see the mid-day review in the calendar from 04/08 for a more thorough understanding of how things are still likely to develop which justifies continuing to work with this position to simply avoid a loss. Again, making an adjustment is not simply something I am doing in this instance "hoping" it works. The framework that supported the reasoning for the position in the first place is simply still intact and it is now more of an effort to give the spread a little more time so as to avoid taking a maximum loss when price still suggests a near term move up above my short put strike (4590) and up into the 4635-4650 price levels. ADJUSTMENT 04/06/2022 @ 2:45 PM ET: After watching the balancing on the 48.6% fib as discussed in the Daily Outlook on 04/06, I decided it was worth sticking with managing this position to reduce the loss and rolled the position out to the 8 APR 2022 expiry. This cost me 0.30 debit leaving me with 1.20 credit. ========================================== ADJUSTMENT 04/04/2022 @ 1:47 PM ET: As mention in 360 Review from 04/01, I am sticking with this bull put but would likely need to roll on Monday (04/04). I just rolled this position to 04/06 expiry which cost 0.80 debit leaving me with a 1.50 credit. ===================================================================================================================== I'm opening this position as a hedge to my bear call that expires on 04/11. I've put this one in a nearer expiration as I expect price to still hit the 4550ish price level before likely rapid continuation lower. Please listen to Post-Market Review from 03/29 for a better understanding of my current views. Here's chart: http://tos.mx/Jd6thkG

LOSS MANAGEMENT PLAN

I will continue to manage this position as appropriate. Will update daily in the Post-Market Review as to my intentions based on how price develops.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Apr 11, 2022
4550.00
Call
Sold
Close
-1
Apr 11, 2022
4555.00
Call
1.00 Debit

Target Metrics

Reward Risk R/R Ratio
$2.00 $1.50 1.33

REALIZED RESULTS

P/L ROI
+1.00 33.33%
Reason for Closing:

Closing this position as I still see a move up to the 4640 price level as long as the 4465 holds as support through the end of the day today.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Apr 11, 2022
4550.00
Call
Bought
Open
+1
Apr 11, 2022
4555.00
Call
2.00 Credit

Target Metrics

Reward Risk R/R Ratio
$2.00 $1.50 1.33

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.00 $3.00 5.00%
Reason for Opening:

ADJUSTMENT March 30, 2022 @ 3:00 PM ET: I rolled this position today as as discussed in the Post-Market Review on 03/29. I rolled from 04/04 to 04/11 expiry and it cost me 0.30 debit. My original credit was 2.30 which leaves me with 2.00 of credit remaining. The overall thesis for carrying this position is still in tact. For a more comprehensive understanding of my view, please see the Post-Market Review recording from 03/29. As a brief overview, based on multiple mid and long term zones, it makes sense to continue to maintain this position as we have risen into several major auction zones that should provide descent resistance if the market type continues to be Bear/Sideways Volatile. ============================================================================================================== This position is based on over a week of balancing at the top of a vertical pattern higher that has failed to definitively show evidence that price intends to break higher. Additionally, we have come into a major auction zone on the 20yr. timeframe that would be presumed to be resistance: http://tos.mx/r7pBLVw Price has also risen into multiple other zones on various time frames that would also be presumed to be resistance at current levels which are accessible in the charts below: 20 Year Zones: http://tos.mx/r7pBLVw 1 Month Zones: http://tos.mx/0doLuDW 3 Month Zones: http://tos.mx/BJc7XeW ***All analysis is done on /ES but position was executed in SPX

LOSS MANAGEMENT PLAN

I expect that the /ES will still explore the 4650 price level before experiencing any likely continuation lower. If we haven't hit the 4650 level, and are still hovering between 4565-4600 by Tuesday 04/05, I will continue to manage this position by rolling another week out in duration to not get caught with too little time before price hits the upside target.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

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