Weekly Trade Performance

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
Bear Call
Bought
Close
+1
May 15, 2020
2925.00
Call
Sold
Close
-1
May 15, 2020
2930.00
Call
0.90 Debit

Target Metrics

Reward Risk R/R Ratio
$2.70 $2.30 1.17

REALIZED RESULTS

P/L ROI
+1.80 78.26%
Reason for Closing:

We are likely to extend back up to the 78.6 level. Taking profits.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
May 15, 2020
2925.00
Call
Bought
Open
+1
May 15, 2020
2930.00
Call
2.70 Credit

Target Metrics

Reward Risk R/R Ratio
$2.70 $2.30 1.17

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.70 $2.30 10.00%
Reason for Opening:

I expect us to migrate down to about the 2870-2880 level by this Friday. NOTE THIS IS THE WEEKLY EXPIRATION SERIES.

LOSS MANAGEMENT PLAN

loss management is I will roll the position if we migrate up to the 2960 price level before this Thursday

PROFIT MANAGEMENT PLAN

I will let this position expire worthless

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
GLD
Bull Put
Bought
Close
+1
May 8, 2020
160.00
Put
Sold
Close
-1
May 8, 2020
155.00
Put
1.17 Debit

Target Metrics

Reward Risk R/R Ratio
$1.32 $1.00 1.32

REALIZED RESULTS

P/L ROI
+0.15 4.08%
Reason for Closing:

Closing out this position as the SPX is looking like it was to fade lower, GLD will also.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
GLD
Bull Put
Sold
Open
-1
May 8, 2020
160.00
Put
Bought
Open
+1
May 8, 2020
155.00
Put
1.32 Credit

Target Metrics

Reward Risk R/R Ratio
$1.32 $1.00 1.32

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.32 $3.68 5.00%
Reason for Opening:

As discussed in the Trade Talk meeting on Monday 04/27, I expect GLD to migrate up to the 166-167 price level over the next 1-2 weeks.

LOSS MANAGEMENT PLAN

I will look to close this position down if it appears that we are going to close below the 157.50 price level

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
WBA
Call
Sold
Close
-1
Jan 15, 2021
40.00
Call
6.10 Credit

Target Metrics

Reward Risk R/R Ratio
$6.00 $2.00 3.00

REALIZED RESULTS

P/L ROI
-1.05 -14.69%
Reason for Closing:

Market is looking like it wants to fade lower and WBA will as well, closing this one for now.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
WBA
Call
Bought
Open
+1
Jan 15, 2021
40.00
Call
7.15 Debit

Target Metrics

Reward Risk R/R Ratio
$6.00 $2.00 3.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $7.15 20.00%
Reason for Opening:

As discussed in the Zones Workshop on 4/29, I expect WBA to continue to migrate higher into the descending resistance zone (red lines) as seen in the chart I've attached to this position or by using this ThinkorSwim Shared Chart: http://tos.mx/Uf6AgzV

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close below the $40 price level on the daily chart.

PROFIT MANAGEMENT PLAN

I will look to capture profits at the descending resistance zone (approx. the 60-65 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Call
Sold
Close
-1
Aug 21, 2020
282.00
Call
21.25 Credit

Target Metrics

Reward Risk R/R Ratio
$10.00 $4.00 2.50

REALIZED RESULTS

P/L ROI
+1.50 7.59%
Reason for Closing:

Closing out this position out of an abundance of caution just in case the market finds solid resistance at a major 50% level. (Thank you, Jim O'Neill)

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Call
Bought
Open
+1
Aug 21, 2020
282.00
Call
19.75 Debit

Target Metrics

Reward Risk R/R Ratio
$10.00 $4.00 2.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $19.75 15.00%
Reason for Opening:

There is a strong possibility that the SPX continues to migrate higher over the next several weeks into the 3070 - 3200 price levels. Here's the ThinkorSwim Shared Chart: http://tos.mx/1QpgNnG

LOSS MANAGEMENT PLAN

I will look to close this position in the SPY if it appears that /ES is going to close below the 2790 price level.

PROFIT MANAGEMENT PLAN

I will look to capture profits in this position in the SPY when /ES is between the 3070 - 3200 price levels.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
May 6, 2020
2835.00
Put
Sold
Close
-1
May 6, 2020
2830.00
Put
1.35 Debit

Target Metrics

Reward Risk R/R Ratio
$1.85 $1.00 1.85

REALIZED RESULTS

P/L ROI
+0.55 17.74%
Reason for Closing:

Closing out this position out of an abundance of caution just in case the market finds solid resistance at a major 50% level. (Thank you, Jim O'Neill)

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
May 6, 2020
2835.00
Put
Bought
Open
+1
May 6, 2020
2830.00
Put
1.90 Credit

Target Metrics

Reward Risk R/R Ratio
$1.85 $1.00 1.85

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.90 $3.10 8.00%
Reason for Opening:

In the interest of "Selling in May and going away", I've decided to sell to open this bull put spread as I expect that the SPX at a minimum migrates higher over the next several sessions following this wave lower that began on 04/29. Here's my ThinkorSwim Shared Chart: http://tos.mx/twGaAf9

LOSS MANAGEMENT PLAN

I will look to close this position if it appears that we are going to break and close below the 2800 level by Wed. 05/06 or if the SPX has failed to migrate at least into the 2875 price level by that same date.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
AMZN
Bear Call
Bought
Close
+1
Apr 24, 2020
2440.00
Call
Sold
Close
-1
Apr 24, 2020
2450.00
Call
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$3.85 $2.00 1.93

REALIZED RESULTS

P/L ROI
+3.85 62.60%
Reason for Closing:

Expired worthless. Next.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
AMZN
Bear Call
Sold
Open
-1
Apr 24, 2020
2440.00
Call
Bought
Open
+1
Apr 24, 2020
2450.00
Call
3.85 Credit

Target Metrics

Reward Risk R/R Ratio
$3.85 $2.00 1.93

ACTUAL PARAMETERS

Reward Risk Trade Risk
$3.85 $6.15 1.00%
Reason for Opening:

As discussed in Trade Talk on Monday 04/20, I expect AMZN has come into its most extreme resistance zone and will at a minimum cluster at this level and therefore hold as resistance for the next several weeks. http://tos.mx/dNKg9GZ

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close above the 2440 price level

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
NFLX
Bull Put
Bought
Close
+1
Apr 24, 2020
430.00
Put
Sold
Close
-1
Apr 24, 2020
425.00
Put
2.20 Debit

Target Metrics

Reward Risk R/R Ratio
$2.25 $2.50 0.90

REALIZED RESULTS

P/L ROI
+0.05 1.82%
Reason for Closing:

NFLX basically unchanged following earnings. I'm closing this position early as it is right on my short put strike and due to expire tomorrrow.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
NFLX
Bull Put
Sold
Open
-1
Apr 24, 2020
430.00
Put
Bought
Open
+1
Apr 24, 2020
425.00
Put
2.25 Credit

Target Metrics

Reward Risk R/R Ratio
$2.25 $2.50 0.90

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.25 $2.75 1.00%
Reason for Opening:

I expect NFLX to continue to migrate higher post earnings up into the 480-500 price levels. http://tos.mx/LsOYTO8

LOSS MANAGEMENT PLAN

As an earnings play, if this position does go against me it will likely be quite difficult to get out of the position and minimize my loss although if I am able to, I would look to get out of this position if it appears we are going to close below the 430 price level

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
HAL
Call
Sold
Close
-1
Jan 15, 2021
5.00
Call
4.45 Credit

Target Metrics

Reward Risk R/R Ratio
$1.50 $1.00 1.50

REALIZED RESULTS

P/L ROI
+1.00 28.99%
Reason for Closing:

Will look to re-enter but for now stepping out of this position to let the oil market settle down.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
HAL
Call
Bought
Open
+1
Jan 15, 2021
5.00
Call
3.45 Debit

Target Metrics

Reward Risk R/R Ratio
$1.50 $1.00 1.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $3.45 10.00%
Reason for Opening:

With /CL hitting my long term target of $11.00, I'm going to take a stab at a bullish position in Halliburton (HAL) which will rise if /CL migrates higher as I expect. Here's the ThinkorSwim shared chart for /CL: http://tos.mx/M9564co

LOSS MANAGEMENT PLAN

I will look to close this position in HAL if it appears we are going to close below the $11.00 price level in /CL on the weekly chart.

PROFIT MANAGEMENT PLAN

I will look to capture profits in this position in HAL when /CL has migrated up to approx. the $17.00 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Sold
Close
-1
Jun 19, 2020
277.00
Put
19.78 Credit

Target Metrics

Reward Risk R/R Ratio
$20.00 $5.00 4.00

REALIZED RESULTS

P/L ROI
+3.31 20.10%
Reason for Closing:

Although I do expect the SPY to continue to rotate lower, I am seeing a move back up into the 280 price level where I will consider adding this position back.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Bought
Open
+1
Jun 19, 2020
277.00
Put
16.47 Debit

Target Metrics

Reward Risk R/R Ratio
$20.00 $5.00 4.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$260.53 $16.47 25.00%
Reason for Opening:

As discussed in the AlphaX meeting and in the Post Market Review on 4/14, I was expecting a confirmation drop in the SPX today which would cause me to execute a position to benefit from a move down to the near term auction zone in the SPY which is between 255-260.

LOSS MANAGEMENT PLAN

I will look to close this position if we migrate above the 282 price level or haven't dropped below the near term pivot which is around the 275 price level by 04/24.

PROFIT MANAGEMENT PLAN

I will look to capture profits around the 255 price level and reconsider a new position to take advantage of a further drop if it looks likely.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Apr 22, 2020
2790.00
Call
Sold
Close
-1
Apr 22, 2020
2795.00
Call
1.45 Debit

Target Metrics

Reward Risk R/R Ratio
$1.10 $1.00 1.10

REALIZED RESULTS

P/L ROI
-0.35 -8.97%
Reason for Closing:

Closing this position for a small loss as there's a good likelihood that we migrate up into the 2810 price level by tomorrow afternoon.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Apr 22, 2020
2790.00
Call
Bought
Open
+1
Apr 22, 2020
2795.00
Call
1.10 Credit

Target Metrics

Reward Risk R/R Ratio
$1.10 $1.00 1.10

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.10 $3.90 5.00%
Reason for Opening:

ADJUSTMENT 04/17 @ 2:20 PM ET: I am rolling this position out to Wed (04/22) expiration. I was able to roll for a 1.10 debit which gives me a net credit of 1.10 as I had originally received 2.20 on this position. I'm opening this position as I expect price to migrate lower into tomorrow down to at least 2730. I will likely roll my existing bear call that has the 2710/2715 strikes but still holding that position as of 04/16 @ 1:30pm ET.

LOSS MANAGEMENT PLAN

I will look to continue to manage this position as necessary. and will discuss more specific management plans in the 360 Review on 4/17.

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

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