Weekly Trade Performance

Portfolio Performance
Pro Zones Trades -
 

Win Rate

Closed Positions

Reward/Risk Ratio

Average Position Size

12 Months

Simulated Performance


SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
JPM
Put
Sold
Close
-1
Jan 20, 2023
155.00
Put
18.00 Credit

Target Metrics

Reward Risk R/R Ratio
$40.00 $5.00 8.00

REALIZED RESULTS

P/L ROI
+1.90 11.80%
Reason for Closing:

JPM appears to be bottoming temporarily and will likely surge up to approx. the 165 price level. I am closing out my bearish protective instruments for now and will reassess as the situation develops.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
JPM
Put
Bought
Open
+1
Jan 20, 2023
155.00
Put
16.10 Debit

Target Metrics

Reward Risk R/R Ratio
$40.00 $5.00 8.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$138.90 $16.10 0.10%
Reason for Opening:

The overall market is showing signs of a pending collapse that brings the SPX down to approx. 3700 - 3400 and will drag down JPM with it to somewhere around $108.50 per/share, which also happens to be a MAJOR gap that has gone unfilled from Nov 2020. As I don't hold the shares, but am holding LEAPS Long Calls, by these Long Puts and Short Calls just moments ago, I've created what is referred to as a synthetic collar trade that will actually have me profitable as it drops. If the risks I see likely occurring doesn't materialize, I can remove the Long Puts & Short Calls and continue to hold the LEAPS Long Calls for further upside reward. I have purchases an equal number of contracts of Long Puts as I hold LEAPS Long Calls (i.e. 1 contract for every 1 contract of LEAPS Long Calls I own). Here is the chart of JPM: http://tos.mx/zi608aR

LOSS MANAGEMENT PLAN

I will look to close this position if the price of JPM rises above the 165 price level before the move down to 108.50 has occurred.

PROFIT MANAGEMENT PLAN

I will look to capture profits on these Long Puts around the 116 - 110 price levels.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Sold
Close
-1
Jun 17, 2022
455.00
Put
23.92 Credit

Target Metrics

Reward Risk R/R Ratio
$64.00 $10.00 6.40

REALIZED RESULTS

P/L ROI
+3.17 15.28%
Reason for Closing:

The SPX/SPY is looking like it may rise up to approx. the 458 price level before continuing lower. If it does end up breaking lower through the close I will re-open this position before the close today. Otherwise I will look to re-open around 457.50-458.00 or as price seems to be ready to continue lower.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Bought
Open
+1
Jun 17, 2022
455.00
Put
20.75 Debit

Target Metrics

Reward Risk R/R Ratio
$64.00 $10.00 6.40

ACTUAL PARAMETERS

Reward Risk Trade Risk
$434.25 $20.75 10.00%
Reason for Opening:

As this week has progressed, the market is showing precursor signs of getting ready to collapse lower within the near term. I continue to believe that we are in the middle of a much larger correction, a bear market even, that will continue down until approx. the 3650 - 3350 price levels in the SPX. Here's my chart: http://tos.mx/GNrbDB5

LOSS MANAGEMENT PLAN

I will look to close this position if it appears that the /ES is closing above the 4615 price level.

PROFIT MANAGEMENT PLAN

I will look to capture profits somewhere around when the /ES collapses to the 3700 - 3400 price levels.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
FB
Bull Put
Bought
Close
+1
Feb 18, 2022
227.50
Put
Sold
Close
-1
Feb 18, 2022
222.50
Put
2.40 Debit

Target Metrics

Reward Risk R/R Ratio
$2.35 $1.00 2.35

REALIZED RESULTS

P/L ROI
-0.05 -1.89%
Reason for Closing:

As this week has progressed, the market is showing precursor signs of getting ready to collapse lower within the near term. I don't see FB, especially a bullish options spread, as a reasonable position to hold with some of the signals I'm seeing. Will discuss further in the Zones Workshop tonight @ 4:15pm ET.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
FB
Bull Put
Sold
Open
-1
Feb 18, 2022
227.50
Put
Bought
Open
+1
Feb 18, 2022
222.50
Put
2.35 Credit

Target Metrics

Reward Risk R/R Ratio
$2.35 $1.00 2.35

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.35 $2.65 5.50%
Reason for Opening:

FB should find decent support around here and back up to approx. 260. Here's the chart: http://tos.mx/p2pP24m

LOSS MANAGEMENT PLAN

I will look to close or otherwise manage this position if it has failed to move back above the 230 price level by Fri 02/11

PROFIT MANAGEMENT PLAN

I will look to let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Sold
Close
-1
May 20, 2022
455.00
Put
21.60 Credit

Target Metrics

Reward Risk R/R Ratio
$55.00 $10.00 5.50

REALIZED RESULTS

P/L ROI
+3.20 17.39%
Reason for Closing:

I didn't intend to close this position so soon but am expecting some chop over the next 24 hours and will look to re-position the trade later today or tomorrow.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPY
Put
Bought
Open
+1
May 20, 2022
455.00
Put
18.40 Debit

Target Metrics

Reward Risk R/R Ratio
$55.00 $10.00 5.50

ACTUAL PARAMETERS

Reward Risk Trade Risk
$436.60 $18.40 10.00%
Reason for Opening:

I believe that we are in the middle of a much larger correction that will continue down until approx. the 3780 price level in the SPX. FB and AMZN are displaying similar evidence that a larger, deeper correction, will happen in those tickers, similar to what has already happened in NFLX and PYPL. I believe the move lower will likely begin very soon and have decided to initiate this position to benefit from that downside momentum. Here's my chart of the SPX: http://tos.mx/cc2El9J AMZN Chart: http://tos.mx/oGwxOHH FB Chart: http://tos.mx/sxiskRx PYPL: http://tos.mx/ftY44mp NFLX: http://tos.mx/0rBJVbJ

LOSS MANAGEMENT PLAN

I will look to use shorter-term short puts as appropriate to reduce my risk, although this will be difficult as the move to the downside should be swift and bounce's - volatile. I will look to close the position and limit losses if the SPX rises above the 4610 price level.

PROFIT MANAGEMENT PLAN

I will look to capture profits around the 380 level in SPY, which is approx the 3800 price level in the SPX.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
MRNA
Bull Put
Bought
Close
+1
Feb 11, 2022
165.00
Put
Sold
Close
-1
Feb 11, 2022
160.00
Put
2.35 Debit

Target Metrics

Reward Risk R/R Ratio
$2.00 $1.00 2.00

REALIZED RESULTS

P/L ROI
-0.35 -11.67%
Reason for Closing:

With the markets likely getting ready to take a deep dive lower, I'm closing this position to concentrate my focus on navigating well a likely bear market we are entering.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
MRNA
Bull Put
Sold
Open
-1
Feb 11, 2022
165.00
Put
Bought
Open
+1
Feb 11, 2022
160.00
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 4.00%
Reason for Opening:

This morning, MRNA received full U.S. FDA approval for their Covid-19 Vaccine, Spikevax. Additionally, it has found decent support at a major auction zone that I would anticipate continuing to hold. I like the equity to the upside and considered entering LEAPS Call options but decided to initiate a starter position with a bull put just in case it clusters around the current zone for another 1-2 weeks before rapidly moving higher. Here's the chart: http://tos.mx/9ZFVkIk

LOSS MANAGEMENT PLAN

I will look to manage/close this position if the MRNA breaks back below the 158 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
Feb 4, 2022
4380.00
Put
Sold
Close
-1
Feb 4, 2022
4375.00
Put
1.40 Debit

Target Metrics

Reward Risk R/R Ratio
$2.10 $1.00 2.10

REALIZED RESULTS

P/L ROI
+0.70 24.14%
Reason for Closing:

The SPX is setting up to retest the 4360 price level based on intra-day price action. I'm closing this position down and will re-open after it retests the 4360 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Feb 4, 2022
4380.00
Put
Bought
Open
+1
Feb 4, 2022
4375.00
Put
2.10 Credit

Target Metrics

Reward Risk R/R Ratio
$2.10 $1.00 2.10

ACTUAL PARAMETERS

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

As discussed in the Post-Market Review from 01/27, based on how the S&P is currently balancing, price should rise over the next 1-2 weeks up into the 4530-4590 price levels. Opening this position as a more conservative approach to benefit from the rise but still will provide a manageable exit if the price continues to cluster around current levels. Here's chat of SPX: http://tos.mx/att0nDT

LOSS MANAGEMENT PLAN

I will look to manage/close this position if the SPX breaks back below the 4310 price level

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

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.