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
AMZN
Bull Put
Bought
Close
+1
Jan 21, 2022
3330.00
Put
Sold
Close
-1
Jan 21, 2022
3320.00
Put
7.00 Debit

Target Metrics

Reward Risk R/R Ratio
$4.80 $2.00 2.40

REALIZED RESULTS

P/L ROI
-2.20 -42.31%
Reason for Closing:

High likelihood of price reversing lower based on intra-day developments. Will discuss in Post-Market Review this afternoon

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
AMZN
Bull Put
Sold
Open
-1
Jan 21, 2022
3330.00
Put
Bought
Open
+1
Jan 21, 2022
3320.00
Put
4.80 Credit

Target Metrics

Reward Risk R/R Ratio
$4.80 $2.00 2.40

ACTUAL PARAMETERS

Reward Risk Trade Risk
$4.80 $5.20 3.00%
Reason for Opening:

AMZN has been clustering for the past 2 years and has been following a clear fib balancing framework. I expect AMZN to find support at 3330 and begin to rise into the 3520 price level over the next 1-6 weeks. Here's the AMZN Chart for ThinkorSwim: http://tos.mx/TOPRj7D

LOSS MANAGEMENT PLAN

I will look to close/adjust this position if we break below the 3290 price level.

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
LCID
Call
Bought
Close
+1
Jan 21, 2022
40.00
Call
1.75 Debit

Target Metrics

Reward Risk R/R Ratio
$6.20 $0.01 620.00

REALIZED RESULTS

P/L ROI
+4.45 Unlmt
Reason for Closing:

Have captured over 75% of the credit from this position which has reduced my cost basis on my equity position down to $37.80. I will consider doing it again if we appear to still be stalling in the current clustering region.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
LCID
Call
Sold
Open
-1
Jan 21, 2022
40.00
Call
6.20 Credit

Target Metrics

Reward Risk R/R Ratio
$6.20 $0.01 620.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
6.20 $0.00 0.10%
Reason for Opening:

There is a good probability that LCID will fall to approx. the 34 price level before beginning another strong move higher. I originally purchased LCID at 44.50 and have already successfully used short call premium that has reduced my cost basis to 42.25. I am going to get quite aggressive with this set of short calls which may mean my stock gets called away. If that happens I would be nicely profitable still but really want to reduce my cost basis on this equity as much as possible due to the sequence that LCID appears to be following that will take it down to around 34. By selling the 40 strike calls, I am able to bring in 6.20 of credit which brings my cost basis down from 42.25 all the way down to 36.05, a massive 14.6% reduction in my cost basis! I sold an equal number of short calls to the amount of stock I hold (i.e. 1 contract for every 100 shares of stock) Here's my thinkorswim chart: http://tos.mx/Lyiw49b

LOSS MANAGEMENT PLAN

If the stock is above the 40 price level by 21 JAN 2022, I will just let the stock get taken away which will still net me a 10.9% return after holding the stock for just 2.5 months.

PROFIT MANAGEMENT PLAN

If the stock is above the 40 price level by 21 JAN 2022, I will just let the stock get taken away which will still net me a 10.9% return after holding the stock for just 2.5 months.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
Dec 27, 2021
4660.00
Put
Sold
Close
-1
Dec 27, 2021
4655.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$0.50 $1.00 0.50

REALIZED RESULTS

P/L ROI
+0.50 11.11%
Reason for Closing:

No closing reason was given

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Dec 27, 2021
4660.00
Put
Bought
Open
+1
Dec 27, 2021
4655.00
Put
0.50 Credit

Target Metrics

Reward Risk R/R Ratio
$0.50 $1.00 0.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.50 $4.50 5.00%
Reason for Opening:

ADJUSTMENT 20 DEC 2021 @ 11:55 AM ET: The SPX came into a strong support level this morning and is reacting favorably to suggest a move higher into the end of this week. I'm rolling this position out 1 more time as well as layer another bull put at a lower strike. It cost me 0.40 debit to roll this position from 12/20 expiry out to 12/27, leaving me with 0.50 of credit remaining on the position. ============================================== ADJUSTMENT 17 DEC 2021 @ 3:43 PM ET: I rolled this position to Monday for a 1.70 debit leaving me with 0.9 of credit. Not happy about it but that's quad witching... ========================= With the amount of risk, I have on in my current Bear Call (4585/4590) turned Iron Condor yesterday (12/13), I've got to add a position to further hedge that risk should the SPX decide to take a move towards the 4800 price level instead of continuing to correct lower following the FOMC Rate/Taper Decision tomorrow (12/15). It's important to note that there's a good chance the SPX does tumble lower and I'll be required to manage out of this position, however, based on price action today, it seems that the SPX is poised to pop to around the 4740-4800 price levels following the FOMC Decision tomorrow (12/15) and I need to reduce the risk that my existing Iron Condor is exposed to if the market does in fact move higher. Here's my ThinkorSwim Shared Chart: http://tos.mx/w30z7gB

LOSS MANAGEMENT PLAN

I will look to manage/adjust this position if the SPX drops below the 4580 level following the FOMC Decision on 12/15.

PROFIT MANAGEMENT PLAN

I would allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
AAPL
Bear Call
Bought
Close
+1
Jan 21, 2022
160.00
Call
Sold
Close
-1
Jan 21, 2022
165.00
Call
3.70 Debit

Target Metrics

Reward Risk R/R Ratio
$2.65 $1.00 2.65

REALIZED RESULTS

P/L ROI
-1.05 -44.68%
Reason for Closing:

Closing this position to limit the loss as I see AAPL continuing to move higher over the coming months.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
AAPL
Bear Call
Sold
Open
-1
Jan 21, 2022
160.00
Call
Bought
Open
+1
Jan 21, 2022
165.00
Call
2.65 Credit

Target Metrics

Reward Risk R/R Ratio
$2.65 $1.00 2.65

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.65 $2.35 4.00%
Reason for Opening:

AAPL is hitting its head at a major auction zone on the 3-year timeframe that I anticipate should continue to hold as resistance and ultimately lead price back down to the 152-150 price levels in the near term. Here's the ThinkorSwim Shared Chart: http://tos.mx/PkGi1Gm

LOSS MANAGEMENT PLAN

I will look to close/adjust this position if the price closes above the 165.75 price level on the weekly time frame.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
FB
Bear Call
Bought
Close
+1
Dec 17, 2021
325.00
Call
Sold
Close
-1
Dec 17, 2021
330.00
Call
2.55 Debit

Target Metrics

Reward Risk R/R Ratio
$2.65 $2.30 1.15

REALIZED RESULTS

P/L ROI
+0.15 6.52%
Reason for Closing:

Closing this position down due to unnecessary risk going into FOMC Decision this afternoon and a good chance FB rallies to the 343+ level if the 325 level holds in the near term. Chart Link: http://tos.mx/9gmD1zD

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
FB
Bear Call
Sold
Open
-1
Dec 17, 2021
325.00
Call
Bought
Open
+1
Dec 17, 2021
330.00
Call
2.70 Credit

Target Metrics

Reward Risk R/R Ratio
$2.65 $2.30 1.15

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.70 $2.30 4.00%
Reason for Opening:

FB just showed evidence the past several days that it is getting ready to head down to approx. 295 over the very near term (1-2 weeks). This 325/330 bear call should work very nicely. Here's the ThinkorSwim Shared Chart: http://tos.mx/9yDkTmf

LOSS MANAGEMENT PLAN

I will look to close this position if price appears to be closing above the 336 price level.

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Dec 3, 2021
4620.00
Call
Sold
Close
-1
Dec 3, 2021
4625.00
Call
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$0.60 $1.00 0.60

REALIZED RESULTS

P/L ROI
+0.60 13.64%
Reason for Closing:

Took a bit of management but all is well that ends well :-) Position expired worthless and I was able to adjust out of a very large loss.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Dec 3, 2021
4620.00
Call
Bought
Open
+1
Dec 3, 2021
4625.00
Call
0.60 Credit

Target Metrics

Reward Risk R/R Ratio
$0.60 $1.00 0.60

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.60 $4.40 10.00%
Reason for Opening:

ADJUSTMENT 11/19/2021 @ 1:55pm ET: Apple and Amazon have been the primary drivers of keeping the SPX at upper levels. As seen in the Russell 2000 (RUT), the market is correcting and with AAPL and AMZN hitting their 2 year auction zones today, I feel it warranted to continue to work with these positions in an effort to minimize a loss that could be significantly reduced. I rolled this position out to the 3 DEC expiration which cost me a 0.90 debit leaving me with 0.60 credit. ===================================================== ADJUSTMENT 11/12/2021 @ 12:10pm ET: As discussed in PMR on 11/11/2021, we are at the beginning of a corrective sequence that brings the SPX down to at least 4575, and as far as 4500. As such, I'm sticking with this position by rolling it out 19 NOV 2021 expiry for a 1.50 debit. This leaves me with 1.50 credit as I originally brought in 3.00 on 11/03. http://tos.mx/kg5A1FZ ================================================== As discussed in the Post-Market Review on 11/2, I anticipate the S&P 500 Index to rise into approx. the 4635 price level going in the FOMC News @ 2pm ET on 11/3 and when the taper plans are announced, I am anticipating it being a sell the news event that should cause price to descend to approx. the 4481 price level within the next 1-2 weeks. Here's my ThinkorSwim Shared Chart: http://tos.mx/ipuFWvg

LOSS MANAGEMENT PLAN

I will look to close or otherwise adjust this position as evidence supports a pending pullback.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
LCID
Call
Bought
Close
+1
Dec 3, 2021
65.00
Call
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$2.25 $1.00 2.25

REALIZED RESULTS

P/L ROI
+2.25 Unlmt
Reason for Closing:

The plan worked out perfectly to use these short calls as income against my equity position in LCID. I will continue to do this but will likely wait until we are around the 52ish price level or as protection w/ long puts if we are looking like the are going to break below the $40 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
LCID
Call
Sold
Open
-1
Dec 3, 2021
65.00
Call
2.25 Credit

Target Metrics

Reward Risk R/R Ratio
$2.25 $1.00 2.25

ACTUAL PARAMETERS

Reward Risk Trade Risk
2.25 $0.00 0.10%
Reason for Opening:

LCID will likely cluster around a bit for the next several weeks after rising over 70% in less than 1 month. I'd prefer not to get my stock taken away but bringing in some premium against the equity will reduce my risk and provide income while I let the equity increase in value over the next several years. I have sold equal contracts to the shares I own. Here's my ThinkorSwim Chart: http://tos.mx/GoLMV6y

LOSS MANAGEMENT PLAN

If the stock rises above 65 I will just let the stock get taken away which gives me over a 33% return in just 3 weeks.

PROFIT MANAGEMENT PLAN

If the stock rises above 65 I will just let the stock get taken away which gives me over a 33% return in just 3 weeks.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
JD
Call
Sold
Close
-1
Jan 21, 2022
90.00
Call
5.40 Credit

Target Metrics

Reward Risk R/R Ratio
$25.00 $2.00 12.50

REALIZED RESULTS

P/L ROI
+0.95 21.35%
Reason for Closing:

closing this one down with only 2 months left until the LEAPS expire, and hitting the 1st major auction zone I was targeting.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
JD
Call
Bought
Open
+1
Jan 21, 2022
90.00
Call
4.45 Debit

Target Metrics

Reward Risk R/R Ratio
$25.00 $2.00 12.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $4.45 10.00%
Reason for Opening:

JD has come into a long-term level of support that I anticipate will hold and expect that price will move back towards the 108-110 price levels by the end of 2021. Please see the Zones Workshop from 04/22 further analysis: https://thesupertrader.com/zones-page-2/?date=04-21-2021 Here is my chart from ThinkorSwim: http://tos.mx/1enYFhf

LOSS MANAGEMENT PLAN

I will actively sell short term short calls once price rises up to the 83-85 price levels to reduce my overall risk.

PROFIT MANAGEMENT PLAN

I will look to capture profits at around the 107-110 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
TGT
Bull Put
Bought
Close
+1
Oct 15, 2021
240.00
Put
Sold
Close
-1
Oct 15, 2021
235.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$1.15 $1.15 1.00

REALIZED RESULTS

P/L ROI
+1.15 29.87%
Reason for Closing:

expired worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
TGT
Bull Put
Sold
Open
-1
Oct 15, 2021
240.00
Put
Bought
Open
+1
Oct 15, 2021
235.00
Put
1.15 Credit

Target Metrics

Reward Risk R/R Ratio
$1.15 $1.15 1.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.15 $3.85 3.00%
Reason for Opening:

As discussed in the 360 Review on 09/07 which can be viewed in the 360 Review Archives, I expect Target (Ticker: TGT) to spend the next several weeks clustering at the long-term institutional auction zone that price has just fallen to. Prior to opening this Bull Put, I also opened a Bear Call at an earlier expiration to take advantage of price clustering between the 250 and 239 price levels for the next 2-4 weeks. Here is the ThinkorSwim Share Chart: http://tos.mx/LWU3KSr

LOSS MANAGEMENT PLAN

I will look to close this position if price appears to be closing below the 239.00 price level on the daily time frame.

PROFIT MANAGEMENT PLAN

I will look to allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Oct 11, 2021
4410.00
Call
Sold
Close
-1
Oct 11, 2021
4415.00
Call
0.25 Debit

Target Metrics

Reward Risk R/R Ratio
$2.90 $2.10 1.38

REALIZED RESULTS

P/L ROI
+2.65 126.19%
Reason for Closing:

Closing this one down a bit early as I've captured over 90% of the total profits and there's a good chance we bounce back towards the 4405-4410 price levels going into the close.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Oct 11, 2021
4410.00
Call
Bought
Open
+1
Oct 11, 2021
4415.00
Call
2.90 Credit

Target Metrics

Reward Risk R/R Ratio
$2.90 $2.10 1.38

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.90 $2.10 4.00%
Reason for Opening:

The SPX has just risen to it's mid-zone on a 20yr auction matrix. I am anticipating this level to hold as resistance, at least temporarily and am using a slightly in the money bear call spread to bring in more credit to reduce my overall risk as it should at least pull back down to the 4385 price level before breaking above the mid-zone and this position would then be solidly out of the money and quite profitable. Here is the ThinkorSwim Shared Chart: http://tos.mx/dnfG3Vb

LOSS MANAGEMENT PLAN

I will look to close this position if we chasm or close above the 4430 price level

PROFIT MANAGEMENT PLAN

I will look to capture profits on this position on a pull back to around the 4385 price level.

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