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
SPX
Bull Put
Bought
Close
+1
Jul 6, 2021
4335.00
Put
Sold
Close
-1
Jul 6, 2021
4330.00
Put
0.95 Debit

Target Metrics

Reward Risk R/R Ratio
$2.10 $1.50 1.40

REALIZED RESULTS

P/L ROI
+1.15 39.66%
Reason for Closing:

As discussed in the group meeting this morning, if the gamma squeeze played out this afternoon with the SPX moving up to the 3450 price level, that I would go ahead and close the bull put from this morning and capture profits in anticipation of an aggressive balance lower likely to happen in the near future.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Jul 6, 2021
4335.00
Put
Bought
Open
+1
Jul 6, 2021
4330.00
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 10.00%
Reason for Opening:

ADJUSTMENT 2 JUL 2021 @ 11:00am ET: As discussed in the group review on 7/2/2021 which can be viewed here: https://thesupertrader.com/gr-07-02-2021/ , I am making an adjustment to my Iron Condor in the SPX. To understand why I am structuring my adjustment the way I am, please listen to the Group Review at the link above. The firs part of this adjustment is rolling my bull put up in strikes from the 4085/4080 to the 4335 Short Put/4330 Long Put. As my original bull put is nearly 100% profitable, I will receive a net credit for this maneuver equal to the credit of the new bull put which was 2.15. ================================= As discussed in the Post Market Review on 6/17, we are currently in a sideways volatile environment. Momentum and even spread directional plays are going to be difficult to come by. As such, a good old-fashioned Iron Condor on the SPX is exactly what our playbook calls for in such an environment and I've identified one that is a nice fit. Here is the ThinkorSwim shared chart: http://tos.mx/gAtcIjE If you aren't quite accustomed at how this strategy works or how to execute it, we've got a training that may be helpful which can be located at the bottom of our Options 101 Training's here: https://thesupertrader.com/perfect-trade-funnel/m4-l6/

LOSS MANAGEMENT PLAN

I will look to roll/close this position to next Wednesday 07/07 or Friday 07/09 if we break below the 4325 price level in the SPX before extending up to approx. 4340-4350.

PROFIT MANAGEMENT PLAN

I will look to allow this position to expire worthless or remove the position early if we squeeze up to the 4340-4350 price level before the close on 07/02.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
VWAGY
Stock
Sold
Close
-100
N/A
33.97
Stock
35.82 Credit

Target Metrics

Reward Risk R/R Ratio
$16.05 $5.00 3.21

REALIZED RESULTS

P/L ROI
+1.85 5.45%
Reason for Closing:

Will look to re-enter once we break back above the $38 price level or drop back down into the zone down around the $33 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
VWAGY
Stock
Bought
Open
+100
N/A
33.97
Stock
33.97 Debit

Target Metrics

Reward Risk R/R Ratio
$16.05 $5.00 3.21

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $33.97 25.00%
Reason for Opening:

VWAGY is sitting at a major zone support and should reverse higher from here. Additionally, based on extensive fundamental analysis, I expect Volkswagen to be a major benefactor to the upcoming Apple Event on 04/20 where they are anticipated to announce a partnership with Volkswagen. http://tos.mx/ZNK6qBh

LOSS MANAGEMENT PLAN

I will look to continue to add to this position at lower auction zones should we drop below the current one.

PROFIT MANAGEMENT PLAN

I will be looking to close this position around the $50 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
CHPT
Stock
Sold
Close
-100
N/A
22.19
Stock
28.05 Credit

Target Metrics

Reward Risk R/R Ratio
$13.00 $5.00 2.60

REALIZED RESULTS

P/L ROI
+5.86 26.41%
Reason for Closing:

Will look to re-enter this position if we retrace back down to the auction zone around 25.75.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
CHPT
Stock
Bought
Open
+100
N/A
22.19
Stock
22.19 Debit

Target Metrics

Reward Risk R/R Ratio
$13.00 $5.00 2.60

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $22.19 10.00%
Reason for Opening:

As discussed in the Zones Workshop on 4/22/2021, I view CHPT as another solid SPAC opportunity that is at a major support level. Because it is a SPAC, I will be using the equity instead of options but see a minimum of 45% of upside from current levels over the next several months. Here is my chart from ThinkorSwim: http://tos.mx/jjhCZC3

LOSS MANAGEMENT PLAN

I will look to use short term short calls as appropriate to reduce my overall risk in the position.

PROFIT MANAGEMENT PLAN

I will look to capture profits at around the $35 price level.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
WBA
Call
Sold
Close
-1
Jan 21, 2022
30.00
Call
24.40 Credit

Target Metrics

Reward Risk R/R Ratio
$11.75 $4.00 2.94

REALIZED RESULTS

P/L ROI
+6.15 33.70%
Reason for Closing:

Although I expect WBA to continue higher, I am making room for a more opportunistic position in the Zones Portfolio.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
WBA
Call
Bought
Open
+1
Jan 21, 2022
30.00
Call
18.25 Debit

Target Metrics

Reward Risk R/R Ratio
$11.75 $4.00 2.94

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $18.25 7.00%
Reason for Opening:

I expect WBA to continue to see continued upside over the next several months as money flows out of tech and into stable underperformers like WBA. http://tos.mx/siRIqIu

LOSS MANAGEMENT PLAN

I will look to close this position if we drop back down below the 44.00 price level.

PROFIT MANAGEMENT PLAN

I will seek to capture profits at the 70-75 zone over the next 12 months.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Bought
Close
+1
Apr 30, 2021
4135.00
Put
Sold
Close
-1
Apr 30, 2021
4130.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$1.90 $1.00 1.90

REALIZED RESULTS

P/L ROI
+1.90 61.29%
Reason for Closing:

Expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Apr 30, 2021
4135.00
Put
Bought
Open
+1
Apr 30, 2021
4130.00
Put
1.90 Credit

Target Metrics

Reward Risk R/R Ratio
$1.90 $1.00 1.90

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.90 $3.10 5.00%
Reason for Opening:

Exactly the pullback I have been looking for to add a bullish swing position in the SPX. I expect the S&P will find support at or around the 4125 price level and continue to challenge previous all-time highs over the next week on the back of extremely strong tech. sector earnings. Here's my chart: http://tos.mx/MY0hzAN

LOSS MANAGEMENT PLAN

I will look to close/roll this position if we are still chopping around the 4125 price level by Wednesday 04/28.

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Bought
Close
+1
Apr 19, 2021
4155.00
Call
Sold
Close
-1
Apr 19, 2021
4160.00
Call
5.00 Debit

Target Metrics

Reward Risk R/R Ratio
$1.80 $1.00 1.80

REALIZED RESULTS

P/L ROI
-3.20 -100.00%
Reason for Closing:

Expired max loss

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bear Call
Sold
Open
-1
Apr 19, 2021
4155.00
Call
Bought
Open
+1
Apr 19, 2021
4160.00
Call
1.80 Credit

Target Metrics

Reward Risk R/R Ratio
$1.80 $1.00 1.80

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.80 $3.20 3.00%
Reason for Opening:

ADJUSTMENT 04/16/2021: With no reasonable way to close this position at any point throughout the afternoon without a maximum loss I am going to roll the position out to Monday's expiry 19 APR 2021 for a 0.85 debit leaving me with 1.80 credit and look for a better exit on Monday. ========================= I expect the market to take a bit of a breather going into tomorrow. This position should benefit nicely.

LOSS MANAGEMENT PLAN

I will look to close this position if we are still trading above the 4155 price level by mid-day on Friday 04/16.

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
Apr 16, 2021
4130.00
Put
Sold
Close
-1
Apr 16, 2021
4125.00
Put
0.90 Debit

Target Metrics

Reward Risk R/R Ratio
$2.40 $1.00 2.40

REALIZED RESULTS

P/L ROI
+1.50 57.69%
Reason for Closing:

Possibility of a drop down into the 4100 - 4110 price level tomorrow. Capturing the bulk of the profits on this one and will reconsider tomorrow.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
SPX
Bull Put
Sold
Open
-1
Apr 16, 2021
4130.00
Put
Bought
Open
+1
Apr 16, 2021
4125.00
Put
2.40 Credit

Target Metrics

Reward Risk R/R Ratio
$2.40 $1.00 2.40

ACTUAL PARAMETERS

Reward Risk Trade Risk
$2.40 $2.60 3.00%
Reason for Opening:

I expect the SPX to continue up into the 4150-4160 price levels over the next 1-2 weeks. This is a way for me to take advantage of the upside but giving me the flexibility to roll the position out to next week if we come back down to the 4090 support level this week.

LOSS MANAGEMENT PLAN

I will look to roll this position to next Friday 04/23 if we drop down to the 4090 price level

PROFIT MANAGEMENT PLAN

I will let this position expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
COST
Call
Sold
Close
-1
Jul 16, 2021
330.00
Call
37.45 Credit

Target Metrics

Reward Risk R/R Ratio
$15.00 $5.00 3.00

REALIZED RESULTS

P/L ROI
+19.45 108.06%
Reason for Closing:

Hit target this morning. Closing for over 100% profits!

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
COST
Call
Bought
Open
+1
Jul 16, 2021
330.00
Call
18.00 Debit

Target Metrics

Reward Risk R/R Ratio
$15.00 $5.00 3.00

ACTUAL PARAMETERS

Reward Risk Trade Risk
$0.00 $18.00 10.00%
Reason for Opening:

COST has followed a very predictable auction. It's 16% off of its most recent highs at a major auction zone. Although this is a bit riskier with the uncertainty of earnings on 3/4, I believe this equity is deeply discounted and holds strong at around the 325-325 price levels. Here is my shared chart from ThinkorSwim: http://tos.mx/zXpkHEp

LOSS MANAGEMENT PLAN

I will look to close this position if we are breaking below the 320 price level

PROFIT MANAGEMENT PLAN

I will look to capture profits at the zone above around the 360-370 price levels

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
RUT
Bull Put
Bought
Close
+1
Mar 26, 2021
2190.00
Put
Sold
Close
-1
Mar 26, 2021
2185.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$1.95 $1.00 1.95

REALIZED RESULTS

P/L ROI
+1.95 63.93%
Reason for Closing:

expired 100% profitable.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
RUT
Bull Put
Sold
Open
-1
Mar 26, 2021
2190.00
Put
Bought
Open
+1
Mar 26, 2021
2185.00
Put
1.95 Credit

Target Metrics

Reward Risk R/R Ratio
$1.95 $1.00 1.95

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.95 $3.05 5.00%
Reason for Opening:

FILLED ORDER: I expect the RUT to find solid support around the 2190 price level through the remainder of this week. Here is the ThinkorSwim Chart: http://tos.mx/D7z3cwo

LOSS MANAGEMENT PLAN

I will look to roll this position if we fail to hold above the 2185 price level.

PROFIT MANAGEMENT PLAN

I will likely allow this position to simply expire worthless.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
COST
Bull Put
Bought
Close
+1
Mar 19, 2021
325.00
Put
Sold
Close
-1
Mar 19, 2021
320.00
Put
0.00 Debit

Target Metrics

Reward Risk R/R Ratio
$1.90 $1.00 1.90

REALIZED RESULTS

P/L ROI
+1.90 61.29%
Reason for Closing:

Closed 100% profitable.

SYMBOL Strategy Side Effect Qty Expiration Strike Type Price
COST
Bull Put
Sold
Open
-1
Mar 19, 2021
325.00
Put
Bought
Open
+1
Mar 19, 2021
320.00
Put
1.90 Credit

Target Metrics

Reward Risk R/R Ratio
$1.90 $1.00 1.90

ACTUAL PARAMETERS

Reward Risk Trade Risk
$1.90 $3.10 5.00%
Reason for Opening:

COST has been a monster bullish stock that has just dropped into a major auction support zone. Although the stock does have earnings on 3/4 after the close, I expect the stock to hold support in this auction zone. Here is the ThinkorSwim Shared Chart: http://tos.mx/oiMB1dK

LOSS MANAGEMENT PLAN

I will look to close this position if it appears we are going to close below the 322.50 price level

PROFIT MANAGEMENT PLAN

I will likely allow this position to expire worthless.