Weekly Trade Performance

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Working
Closed

Nic Lovelace CLOSED a Bear Call position in SPX for a Debit of 1.80

Filled 04/21/2020 | Logged 04/16/2020 @ 1:44:19pm EDT

REALIZED P/L +1.30

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Bought	Close	+1	Apr 22, 2020	2765.00	Call
		Sold	Close	-1	Apr 22, 2020	2770.00	Call	1.80 Debit

Target Metrics

Reward	Risk	R/R Ratio
$3.10	$1.50	2.07

REALIZED RESULTS

P/L	ROI
+1.30	68.42%

Reason for Closing:

Closing this position a bit early as I expect that the SPX could retrace up into the 2810 price level prior to this position expiring.

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Nic Lovelace OPENED a Bear Call position in SPX with 6 DTE

Filled 04/16/2020 | Logged 04/16/2020 @ 1:44:19pm EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Sold	Open	-1	Apr 22, 2020	2765.00	Call
		Bought	Open	+1	Apr 22, 2020	2770.00	Call	3.10 Credit

Target Metrics

Reward	Risk	R/R Ratio
$3.10	$1.50	2.07

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$3.10	$1.90	7.00%

Reason for Opening:

EXPIRATION is 04/22/2020 on the 2765/2770 bear call. I'm opening this position as an additional position to take advantage of what I view as a highly probable progression in price over the next week down to the 2660-2720 price levels.

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close above the 2810 price level.

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

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Closed

Nic Lovelace CLOSED a Bear Call position in GLD for a Debit of 0.10

Filled 04/17/2020 | Logged 04/13/2020 @ 11:16:14am EDT

REALIZED P/L +1.47

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
GLD	Bear Call	Bought	Close	+1	Apr 17, 2020	160.00	Call
		Sold	Close	-1	Apr 17, 2020	165.00	Call	0.10 Debit

Target Metrics

Reward	Risk	R/R Ratio
$1.57	$1.00	1.57

REALIZED RESULTS

P/L	ROI
+1.47	42.86%

Reason for Closing:

Closing a bit early as it's one less thing for me to manage if it challenges my position later in the session.

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Nic Lovelace OPENED a Bear Call position in GLD with 4 DTE

Filled 04/13/2020 | Logged 04/13/2020 @ 11:16:14am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
GLD	Bear Call	Sold	Open	-1	Apr 17, 2020	160.00	Call
		Bought	Open	+1	Apr 17, 2020	165.00	Call	1.57 Credit

Target Metrics

Reward	Risk	R/R Ratio
$1.57	$1.00	1.57

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$1.57	$3.43	3.00%

Reason for Opening:

As discussed in Trade Talk on 4/13, I expect GLD to find decent resistance around the 160.50 price level.

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are closing above the 161.00 price level

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

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Closed

Nic Lovelace CLOSED a Bull Put position in SPX for a Debit of 4.50

Filled 04/02/2020 | Logged 03/30/2020 @ 11:07:23am EDT

REALIZED P/L -3.50

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bull Put	Bought	Close	+1	Apr 3, 2020	2590.00	Put
		Sold	Close	-1	Apr 3, 2020	2585.00	Put	4.50 Debit

Target Metrics

Reward	Risk	R/R Ratio
$1.00	$1.20	0.83

REALIZED RESULTS

P/L	ROI
-3.50	-87.50%

Reason for Closing:

I was waiting for a recovery of the wave 4. It seems like the lower end of wave 4 has more to go, rather than go to max loss, I'm getting out and will add a new position back when wave 4 has more defined ranges. Likely 2400 to the upper 50% range (approx 2650 in /es) in the chart. We have not recovered as far as I would like so I have decided to cut the position loose.

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Nic Lovelace OPENED a Bull Put position in SPX with 4 DTE

Filled 03/30/2020 | Logged 03/30/2020 @ 11:07:23am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bull Put	Sold	Open	-1	Apr 3, 2020	2590.00	Put
		Bought	Open	+1	Apr 3, 2020	2585.00	Put	1.00 Credit

Target Metrics

Reward	Risk	R/R Ratio
$1.00	$1.20	0.83

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$1.00	$4.00	3.00%

Reason for Opening:

*********ROLLING POSITION******** With SPY coming into zone support, after breaking below the pivot, I have decided to roll this position to Friday. I am updating my prices as follows: Original credit 2.10- 1.10 debit to roll, new net credit $1.00. I am keeping my same size. ***CORRECTION TO LOSS MANAGEMENT PLAN*** As discussed in the Trade Talk meeting from 03/30, I expect the market to continue to migrate slightly higher over the next several sessions with the SPX migrating up to at least the 2665 price level.

LOSS MANAGEMENT PLAN

I will look to close this position if we appear like we will close below the low of the day from 03/30 which is the 2545 price level

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless but will be monitoring how price responds to the 2665 price level and if rejected at that level and moves back below the 2615 level I will capture profits early.

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Closed

Nic Lovelace CLOSED a Bear Call position in SPX for a Debit of 3.00

Filled 03/26/2020 | Logged 03/26/2020 @ 9:59:20am EDT

REALIZED P/L -0.10

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Bought	Close	+1	Apr 1, 2020	2565.00	Call
		Sold	Close	-1	Apr 1, 2020	2570.00	Call	3.00 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.00	$2.10	0.95

REALIZED RESULTS

P/L	ROI
-0.10	-4.76%

Reason for Closing:

i dont want a position 100 points in the money and we likely extend to 2660. I will add the position back at the upper levels.

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Nic Lovelace OPENED a Bear Call position in SPX with 6 DTE

Filled 03/26/2020 | Logged 03/26/2020 @ 9:59:20am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Sold	Open	-1	Apr 1, 2020	2565.00	Call
		Bought	Open	+1	Apr 1, 2020	2570.00	Call	2.90 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.00	$2.10	0.95

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.90	$2.10	5.00%

Reason for Opening:

As discussed in our Zones workshop on 3-26, we feel that price should cluster at this upper level and not close above this ascending auction zone with the highs around approximately 2570

LOSS MANAGEMENT PLAN

Exit if we look to be closing above the ascending auction zone

PROFIT MANAGEMENT PLAN

allow this position to expire worthless

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Closed

Nic Lovelace CLOSED a Bear Call position in BA for a Debit of 2.40

Filled 03/26/2020 | Logged 03/26/2020 @ 10:54:42am EDT

REALIZED P/L -0.15

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
BA	Bear Call	Bought	Close	+1	Apr 3, 2020	180.00	Call
		Sold	Close	-1	Apr 3, 2020	185.00	Call	2.40 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.25	$2.65	0.85

REALIZED RESULTS

P/L	ROI
-0.15	-5.45%

Reason for Closing:

we are likely to extend further, no need to ride through the pain. I will add back on at upper levels.

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Nic Lovelace OPENED a Bear Call position in BA with 8 DTE

Filled 03/26/2020 | Logged 03/26/2020 @ 10:54:42am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
BA	Bear Call	Sold	Open	-1	Apr 3, 2020	180.00	Call
		Bought	Open	+1	Apr 3, 2020	185.00	Call	2.25 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.25	$2.65	0.85

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.25	$2.75	5.00%

Reason for Opening:

As discussed in zones on 3-25, I expect BA to fail at this red distribution zone. here is my chart: https://tos.mx/CdOxYib

LOSS MANAGEMENT PLAN

Close if we look to be exploring higher and closing above the distribution area

PROFIT MANAGEMENT PLAN

Allow it to expire worthless:

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Closed

Nic Lovelace CLOSED a Bear Call position in SPX for a Debit of 1.00

Filled 03/23/2020 | Logged 03/19/2020 @ 12:02:32pm EDT

REALIZED P/L +4.30

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Bought	Close	+1	Mar 25, 2020	2400.00	Call
		Sold	Close	-1	Mar 25, 2020	2410.00	Call	1.00 Debit

Target Metrics

Reward	Risk	R/R Ratio
$5.30	$3.00	1.77

REALIZED RESULTS

P/L	ROI
+4.30	91.49%

Reason for Closing:

FILLED. As discussed in our Trade Talk on 03/23, I am closing this position early and anticipate being able to get back in on a bounce back up to around the 2270 price level.

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Nic Lovelace OPENED a Bear Call position in SPX with 6 DTE

Filled 03/19/2020 | Logged 03/19/2020 @ 12:02:32pm EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Sold	Open	-1	Mar 25, 2020	2400.00	Call
		Bought	Open	+1	Mar 25, 2020	2410.00	Call	5.30 Credit

Target Metrics

Reward	Risk	R/R Ratio
$5.30	$3.00	1.77

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$5.30	$4.70	5.00%

Reason for Opening:

The SPX has retracted into a 130.9 fib level that I expect to hold as resistance until price has migrated down into a major 161.8 fib level as seen in the chart I've attached to this position which is highlighted with a yellow box. Please note that this is a 10x spread as there wasn't a 5x available at the strikes I wanted in the 25 Mar expiration.

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close above the 2470 price level

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

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Closed

Nic Lovelace CLOSED a Bear Call position in AMZN for a Debit of 2.00

Filled 03/23/2020 | Logged 03/19/2020 @ 12:43:47pm EDT

REALIZED P/L +0.75

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
AMZN	Bear Call	Bought	Close	+1	Apr 17, 2020	1900.00	Call
		Sold	Close	-1	Apr 17, 2020	1905.00	Call	2.00 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.75	$1.10	2.50

REALIZED RESULTS

P/L	ROI
+0.75	33.33%

Reason for Closing:

Going to look to restructure this position in a nearer term expiration follow the bounce as discussed in Trade Talk on 03/23.

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Nic Lovelace OPENED a Bear Call position in AMZN with 29 DTE

Filled 03/19/2020 | Logged 03/19/2020 @ 12:43:47pm EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
AMZN	Bear Call	Sold	Open	-1	Apr 17, 2020	1900.00	Call
		Bought	Open	+1	Apr 17, 2020	1905.00	Call	2.75 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.75	$1.10	2.50

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.75	$2.25	7.00%

Reason for Opening:

I expect AMZN to continue to migrate lower now that it has retraced 50% of it's recent move. Over the next 1-3 months I expect AMZN to move down to the 1650, then the 1450, back up to the 1600 and then bottom out at approx. the 1300-1250 price level. Here's my shared chart: http://tos.mx/BBJ98rL

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close above the 1960 price level on the weekly chart

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

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Closed

Nic Lovelace CLOSED a Bear Call position in SPX for a Debit of 0.90

Filled 03/18/2020 | Logged 03/16/2020 @ 11:24:39am EDT

REALIZED P/L +2.00

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Bought	Close	+1	Mar 20, 2020	2540.00	Call
		Sold	Close	-1	Mar 20, 2020	2545.00	Call	0.90 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.90	$1.10	2.64

REALIZED RESULTS

P/L	ROI
+2.00	95.24%

Reason for Closing:

Although we likely have slightly lower to go before a short term relief rally, I am closing this position down now to avoid the volatility.

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Nic Lovelace OPENED a Bear Call position in SPX with 4 DTE

Filled 03/16/2020 | Logged 03/16/2020 @ 11:24:39am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Sold	Open	-1	Mar 20, 2020	2540.00	Call
		Bought	Open	+1	Mar 20, 2020	2545.00	Call	2.90 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.90	$1.10	2.64

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.90	$2.10	7.00%

Reason for Opening:

As the market has confirmed expectations that we are still likely going to continue lower into the 2250ish price level, I am adding an additional position at the 50% level from Friday's (03/13) low-high level which is around the 2540 level in /ES. I continue to expect that we extend lower over the next week into the 2250 price level.

LOSS MANAGEMENT PLAN

If the market moves above 2700, then reconsider the market analysis.

PROFIT MANAGEMENT PLAN

Looking to expire worthless.

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Closed

Nic Lovelace CLOSED a Bear Call position in SPX for a Debit of 0.65

Filled 03/18/2020 | Logged 03/13/2020 @ 10:51:41am EDT

REALIZED P/L +2.25

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Bought	Close	+1	Mar 20, 2020	2570.00	Call
		Sold	Close	-1	Mar 20, 2020	2575.00	Call	0.65 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.90	$1.10	2.64

REALIZED RESULTS

P/L	ROI
+2.25	107.14%

Reason for Closing:

Although we likely have slightly lower to go before a short term relief rally, I am closing this position down now to avoid the volatility.

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Nic Lovelace OPENED a Bear Call position in SPX with 7 DTE

Filled 03/13/2020 | Logged 03/13/2020 @ 10:51:41am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bear Call	Sold	Open	-1	Mar 20, 2020	2570.00	Call
		Bought	Open	+1	Mar 20, 2020	2575.00	Call	2.90 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.90	$1.10	2.64

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.90	$2.10	7.00%

Reason for Opening:

It appears that the market will stall out in the current area and reverse in the next week and migrate down to approx the 2250 price level

LOSS MANAGEMENT PLAN

If the market moves above 2700, then reconsider the market analysis.

PROFIT MANAGEMENT PLAN

Looking to expire worthless.

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Closed

Nic Lovelace CLOSED a Bull Put position in SPX for a Debit of 4.50

Filled 03/12/2020 | Logged 03/11/2020 @ 10:43:20am EDT

REALIZED P/L -2.40

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bull Put	Bought	Close	+1	Mar 13, 2020	2780.00	Put
		Sold	Close	-1	Mar 13, 2020	2775.00	Put	4.50 Debit

Target Metrics

Reward	Risk	R/R Ratio
$2.10	$1.50	1.40

REALIZED RESULTS

P/L	ROI
-2.40	-82.76%

Reason for Closing:

Although with the volatility we are having there is a small chance the market recovers to give a better exit, I decided to save myself 0.50 and close in preparation for new positions over the next several days as discussed in Trade Talk on 03/12 which can be viewed here: https://thesupertrader.com/tt-03-12-2020/

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Nic Lovelace OPENED a Bull Put position in SPX with 2 DTE

Filled 03/11/2020 | Logged 03/11/2020 @ 10:43:20am EDT

SYMBOL	Strategy	Side	Effect	Qty	Expiration	Strike	Type	Price
SPX	Bull Put	Sold	Open	-1	Mar 13, 2020	2780.00	Put
		Bought	Open	+1	Mar 13, 2020	2775.00	Put	2.10 Credit

Target Metrics

Reward	Risk	R/R Ratio
$2.10	$1.50	1.40

ACTUAL PARAMETERS

Reward	Risk	Trade Risk
$2.10	$2.90	5.00%

Reason for Opening:

As discussed in the post-market review from 03/10, I expected us to backtrade down to approx. the 2770 price level but expect that level to hold and see price move up into the 2915 price level over the next several sessions.

LOSS MANAGEMENT PLAN

I will look to close this position if it appears that we will close below the 2770 price level

PROFIT MANAGEMENT PLAN

I will likely look to capture profits around the 2900-2915 price levels.

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