Month: February 2020

Market feels heavy, added trades – Week 8

Week 8 – P/L

New trades/adjustments

Date02/2002/2102/1802/1802/1802/1802/1802/1802/1802/1902/2002/2102/21
CycleFeb/21Feb/21Mar/20Mar/20Mar/17Mar/26Mar/06Mar/20Mar/20Mar/26Feb/25Mar/20Mar/20
SymbolTSLATSLAAAPLAMZN/CLJ0/NGJ0/6EH0AMDSPCE/GCJ0/NGH0MSFTSMH
IVR43392949511003710072
StrategyIFCr – CICCr – CICCr – CCr – PICCr – CCr – C ICICIC
Strikesp:-$850/+$845
c:-$850/+$855		-$910/+$915p:-$295/+$290
c:-$340/+$345		-$2320/+$2330p:-$47/+$48 c:-$57/+$58-$2.05/+$2.15-$1.08/+$1.0775p:-$50/+$45 c:-$65/+$70-$45/+$50-$1665/+$1675p:-$1.85/+$1.75
c:-$1.9/+2.0		p:-$160/+$155 c:-$195/+$200p:-$135/+$130 c:-$157/+$162
Price$4.53$0.43$1.16$1.28$.26$.24$.0009$1.00$.72$1.3$.54$.74$1.09
PoP64%68%70%61%67%70%80%74%%68

Closed trades

CycleFeb/21Feb/21Feb/21Mar/20
SymbolTSLATSLATSLAAAPL
Total open price$2.85$4.53$.43$1.03
Close price$5.01$4.91$0$.54
Multiplier100100100100
P/L-$216-$38$43$49

Daily Scalp

Date02/19/2002/21
SymbolNDXSPX
StrategyCr – CCr – P
Strikes-$9750/+9760-$3320/+3315
Price(o/c)$118/$0$55/$0
P/L$118$55
TriggerNDX had a big gap up early during the daySPX had a big drop early during the day

P/L Change

  • P/L Week: $11
  • P/L Year: +$3807(76.14%), including rolls
  • Total commission & fees: $505.08
  • P/L Year w/fees: $3558.06(66.04%)

I left money on the table for /cl, but it’s okay – Week 7

Week 7 P/L

New trades/adjustments

Date02/1102/1102/1102/1102/13
CycleFeb/25Feb/14Mar/20Feb/21Mar/20
Symbol/NGH0/CLH0AMZNTSLAROKU
IVR70
StrategyICICCr- PICIC
Strikesp:-$1.8/+$1.7
c:-$1.9/+2.0		p:-$52/+$51 c:-$52/+$53-$2000/+$1990p:-$715/+$710 c:-$850/+$855p:-$100/+$95 c:-$180/+$185
Price$0.45$0.47$1.85$3.51$1.05
PoP76%

Closed trades

CycleFeb/14Mar/20Mar/20Feb/21Mar/20Mar/17Feb/21
Symbol/CLH0PINSROKUFBUBER/CLJ0TGT
Total open price$.47$1.1$1.05$.99$1.17$.28$2.27
Close price$.35$.55$.55$.34$.59$.14$1
Multiplier10001001001001001000100
P/L$120$55$50$65$58$140$127

Daily Scalp

Date02/12/20
SymbolNDX
StrategyCr – C
Strikes-$9630/+9640
Price(o/c)$95/$0
P/L$95
TriggerNDX had a big reversal, so betting that it should exhaust itself.

P/L Change

  • P/L Week: $710
  • P/L Year: +$3969(79.38%), including rolls
  • Total commission & fees: $410.95
  • P/L Year w/fees: $3558.06(71.16%)

TSLA madness – Week 6

Week 6 P/L

New trades/adjustments

Date02/0302/0402/0502/0502/0402/0602/06
CycleFeb/21Feb/21Mar/20Feb/14Feb/21Mar/20Mar/20
SymbolTSLATSLAAMZN/CLH0DISPINSUBER
IVR100100
StrategyIFICICICCr – PStrangleStrangle
Strikesp:-$625/+$620
c:-$625/+630		p:-$715/+$710 c:-$1170/+$1180p: -$1930/+$1920
c: -$2030/+$2040		p:-$52/+$51
c:-$53/+$54		p:-$135/+$130p:-$18
c:-$28		p:-$32
c:-$44
Price$2.85$2.63$4.51$0.35$0.75$1.1$1.17
PoP21%16%78%75%

Closed trades

CycleFeb/21
SymbolDIS
Total open price$.75
Close price$0.3
Multiplier100
P/L$45

Daily Scalp

Date02/03/2002/05/2002/07
SymbolSPXNDXNDX
StrategyCr – CIC – LCr – C
Strikes-$3280/+3290Multiple-$9480/+9490
Price(o/c)$55/$0$8.66/$2.52$103/$0
P/L$55$614$103
TriggerSPX had a big jump the first hour of trading, betting it won’t go up to 2%./NQ had a huge run on Tuesday so started the trade earlier than usual… which turned out to be very risky since Wednesday morning /NQ continued to run up almost 1%! Had to adjust 10 minutes after opening, which is not a good sign either. Finally had to fight the trade all day long and putting 2 of the $10 trades to get credits. After a long tiring fight, I got lucky since the close price almost pinned at my Iron Fly. Looking back my original trade should have worked just fine. Another big lesson to stay with my rules!/NQ has a rally of almost 1% since opening, so betting the price won’t go up more than the resistance line.

P/L Change

  • P/L Week: $817
  • P/L Year: +$3106(62.12%), including rolls
  • Total commission & fees: $357.34
  • P/L Year w/fees: $2748.66(54.97%)

Unrealized loss racks up as earning trades go south – week 5 recap

Week 5 P/L

New trades/adjustments

Date01/2801/2901/3001/3001/3001/30
CycleFeb/21Mar/20Feb/21Feb/21Mar/17Mar/20
SymbolAAPLAAPLFBTSLA/CLJ0AMZN
IVR425560
StrategyBWB – CICICICICIC
Strikesc:-$340 * 2
c:+$337.5/+$345		p:-$290/+$285 c:-$355/+$360p: -$205/+$242.5
c: -$222.5/+$225		p:-$580/+$575
c:-$625/+630		p:-$44/+$45
c:-$59/+$60		p:-$1690/+$1700
c:-$2030/+$2040
Price$.3$1.03$0.99$2.5$0.28$3.04
PoP79%60%35%20%69%64%


Closed trades

CycleFeb/21Feb/21Feb/21
SymbolAAPLMXBI
Total open price$0.3$1.07$.94
Close price$0.12$.72$.76
Multiplier100100100
P/L$18$35$18


Daily Scalp

Table

Date01/27/2001/27/2001/29/2001/31/20
SymbolSPXNDXNDXNDX
StrategyCr – PCr – PCr – CIC – L
Strikes-$3225/+3215-$8810/+8800-$9160/+$9170Multiple
Price(o/c)$60/$0$150/$30$86/$0$314/0
P/L$60$120$86$314
TriggerSPX opened sharply lower as a continuation of last Friday’s drop, had a contrarian bet on the market. Break even is below the low opening of the day.Similar bet to SPX, but actually traded Wednesday cycle since Monday NDX is not available. Was luck to closed in on Tuesday.NDX had an early up move to 0.8%, placed call spread on gap fill of previous high resistance line. NDX was down 2%, which is really rare, so scaled into fear and legged into IC

P/L Change

  • P/L Week: $651
  • P/L Year: +$2041(40.82%), including P/L for FB, TGT and TSLA rolls
  • Total commission & fees: $291.56
  • P/L Year w/fees: $1749.44(34.99%)

Jan Recap

This month is a great start and I’ve made a lot of money on paper. What I did right is 1) always keeping 40% of cash on hand of scalp and adjustment. 2) Use longer date cycles for earnings 3) defined risk for earnings. What I incurred too much risk is 1) With volatility rising, many trades have gone to the wrong direction, 3 out of 4 earning trades are outside the expected range… Will try to defend them and survive!