Win Rate
Closed Positions
Reward/Risk Ratio
Average Position Size
12 Months
Simulated Performance
SYMBOL | Strategy | Side | Effect | Qty | Expiration | Strike | Type | Price |
---|---|---|---|---|---|---|---|---|
SPX
|
Bear Call
|
Bought
|
Close
|
+1
|
Sep 15, 2022 |
4050.00
|
Call
|
|
Sold
|
Close
|
-1
|
Sep 15, 2022 |
4055.00
|
Call
|
0.00
Debit
|
Target Metrics
Reward | Risk | R/R Ratio |
---|---|---|
$1.55 | $1.00 | 1.55 |
REALIZED RESULTS
P/L | ROI |
---|---|
+1.55 | 44.93% |
Expired worthless
SYMBOL | Strategy | Side | Effect | Qty | Expiration | Strike | Type | Price |
---|---|---|---|---|---|---|---|---|
SPX
|
Bear Call
|
Sold
|
Open
|
-1
|
Sep 15, 2022 |
4050.00
|
Call
|
|
Bought
|
Open
|
+1
|
Sep 15, 2022 |
4055.00
|
Call
|
1.55
Credit
|
Target Metrics
Reward | Risk | R/R Ratio |
---|---|---|
$1.55 | $1.00 | 1.55 |
ACTUAL PARAMETERS
Reward | Risk | Trade Risk |
---|---|---|
$1.55 | $3.45 | 3.00% |
As discussed in the Post-Market Review, I will be legging into an iron condor, this being the first part, as I expect the SPX to stay range bound over the next several weeks. Here's the shared chart for ThinkorSwim: http://tos.mx/2eDM2JX
LOSS MANAGEMENT PLAN
I will look to close this position if the SPX appears to be closing above the 4050 price level
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
|
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% |
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% |
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 |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
****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% |
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% |
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% |
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% |
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.