Tag: NDX

Market feels heavy, added trades – Week 8

Weekly Trading RecapFebruary 24, 2020February 29, 2020

Week 8 – P/L

New trades/adjustments

Date

02/20

02/21

02/18

02/19

02/20

02/21

Cycle

Feb/21

Mar/20

Mar/17

Mar/26

Mar/06

Mar/20

Mar/26

Feb/25

Mar/20

Symbol

TSLA

AAPL

AMZN

/CLJ0

/NGJ0

/6EH0

AMD

SPCE

/GCJ0

/NGH0

MSFT

SMH

IVR

100

Strategy

Cr – C

Cr – P

Cr – C

Strikes

p:-$850/+$845
c:-$850/+$855

-$910/+$915

p:-$295/+$290
c:-$340/+$345

-$2320/+$2330

p:-$47/+$48 c:-$57/+$58

-$2.05/+$2.15

-$1.08/+$1.0775

p:-$50/+$45 c:-$65/+$70

-$45/+$50

-$1665/+$1675

p:-$1.85/+$1.75
c:-$1.9/+2.0

p:-$160/+$155 c:-$195/+$200

p:-$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

PoP

64%

68%

70%

61%

67%

70%

80%

74%

%68

Closed trades

Cycle	Feb/21	Feb/21	Feb/21	Mar/20
Symbol	TSLA	TSLA	TSLA	AAPL
Total open price	$2.85	$4.53	$.43	$1.03
Close price	$5.01	$4.91	$0	$.54
Multiplier	100	100	100	100
P/L	-$216	-$38	$43	$49

Daily Scalp

Date	02/19/20	02/21
Symbol	NDX	SPX
Strategy	Cr – C	Cr – P
Strikes	-$9750/+9760	-$3320/+3315
Price(o/c)	$118/$0	$55/$0
P/L	$118	$55
Trigger	NDX had a big gap up early during the day	SPX 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

Weekly Trading RecapFebruary 17, 2020February 23, 2020

Week 7 P/L

New trades/adjustments

Date	02/11	02/11	02/11	02/11	02/13
Cycle	Feb/25	Feb/14	Mar/20	Feb/21	Mar/20
Symbol	/NGH0	/CLH0	AMZN	TSLA	ROKU
IVR					70
Strategy	IC	IC	Cr- P	IC	IC
Strikes	p:-$1.8/+$1.7 c:-$1.9/+2.0	p:-$52/+$51 c:-$52/+$53	-$2000/+$1990	p:-$715/+$710 c:-$850/+$855	p:-$100/+$95 c:-$180/+$185
Price	$0.45	$0.47	$1.85	$3.51	$1.05
PoP					76%

Closed trades

Cycle	Feb/14	Mar/20	Mar/20	Feb/21	Mar/20	Mar/17	Feb/21
Symbol	/CLH0	PINS	ROKU	FB	UBER	/CLJ0	TGT
Total open price	$.47	$1.1	$1.05	$.99	$1.17	$.28	$2.27
Close price	$.35	$.55	$.55	$.34	$.59	$.14	$1
Multiplier	1000	100	100	100	100	1000	100
P/L	$120	$55	$50	$65	$58	$140	$127

Daily Scalp

Date	02/12/20
Symbol	NDX
Strategy	Cr – C
Strikes	-$9630/+9640
Price(o/c)	$95/$0
P/L	$95
Trigger	NDX 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

Weekly Trading RecapFebruary 9, 2020March 2, 2020

Week 6 P/L

New trades/adjustments

Date	02/03	02/04	02/05	02/05	02/04	02/06	02/06
Cycle	Feb/21	Feb/21	Mar/20	Feb/14	Feb/21	Mar/20	Mar/20
Symbol	TSLA	TSLA	AMZN	/CLH0	DIS	PINS	UBER
IVR	100	100
Strategy	IF	IC	IC	IC	Cr – P	Strangle	Strangle
Strikes	p:-$625/+$620 c:-$625/+630	p:-$715/+$710 c:-$1170/+$1180	p: -$1930/+$1920 c: -$2030/+$2040	p:-$52/+$51 c:-$53/+$54	p:-$135/+$130	p:-$18 c:-$28	p:-$32 c:-$44
Price	$2.85	$2.63	$4.51	$0.35	$0.75	$1.1	$1.17
PoP			21%	16%		78%	75%

Closed trades

Cycle	Feb/21
Symbol	DIS
Total open price	$.75
Close price	$0.3
Multiplier	100
P/L	$45

Daily Scalp

Date	02/03/20	02/05/20	02/07
Symbol	SPX	NDX	NDX
Strategy	Cr – C	IC – L	Cr – C
Strikes	-$3280/+3290	Multiple	-$9480/+9490
Price(o/c)	$55/$0	$8.66/$2.52	$103/$0
P/L	$55	$614	$103
Trigger	SPX 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

Weekly Trading RecapFebruary 2, 2020

Week 5 P/L

New trades/adjustments

Date	01/28	01/29	01/30	01/30	01/30	01/30
Cycle	Feb/21	Mar/20	Feb/21	Feb/21	Mar/17	Mar/20
Symbol	AAPL	AAPL	FB	TSLA	/CLJ0	AMZN
IVR		42			55	60
Strategy	BWB – C	IC	IC	IC	IC	IC
Strikes	c:-$340 * 2 c:+$337.5/+$345	p:-$290/+$285 c:-$355/+$360	p: -$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
PoP	79%	60%	35%	20%	69%	64%

Closed trades

Cycle	Feb/21	Feb/21	Feb/21
Symbol	AAPL	M	XBI
Total open price	$0.3	$1.07	$.94
Close price	$0.12	$.72	$.76
Multiplier	100	100	100
P/L	$18	$35	$18

Daily Scalp

Table

Date	01/27/20	01/27/20	01/29/20	01/31/20
Symbol	SPX	NDX	NDX	NDX
Strategy	Cr – P	Cr – P	Cr – C	IC – L
Strikes	-$3225/+3215	-$8810/+8800	-$9160/+$9170	Multiple
Price(o/c)	$60/$0	$150/$30	$86/$0	$314/0
P/L	$60	$120	$86	$314
Trigger	SPX 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!

Volatility is back – in a sad way – Week 4

Weekly Trading RecapJanuary 28, 2020

Week 4 P/L

New trades/adjustments

Date	01/21	01/21	01/21	01/22	01/24
Cycle	Feb/21	Feb/25	Feb/21	Feb/14	Mar/20
Symbol	TGT	/NGH0	NFLX	/CLH0	VXX
IVR	33.9	29.78		25
Strategy	IC – L	IC	Cr – C	Cr – P	Cr- P
Strikes	p:-$115/+$110 c:-$120/+$125	p:-$1.8/+$1.7 c:-$2.0/+$2.1	-$380/+$385	-$52/+$51	-$14
Price	$2.27	$.39	$0.79	$0.1	$1.61
PoP	41%	46%		50%	62%

Closed trades

Cycle	Jan/28	Feb/21	Feb/14
Symbol	/GCG0	NFLX	VXX
Total open price	$1.6	$.79	$1.13
Close price	$0.8	$.24	$.97
Multiplier	100	100	100
P/L	$80	$55	$16

Daily Scalp

Date	01/22/20	01/24/20
Symbol	NDX	NDX
Strategy	IC – L	IC – L
Strikes	p: -$9180/+9170 c: -$9250/+9260	Multiple
Price(o/c)	$2/$0	$7.53/$2.94
P/L	$200	$459
Trigger	NDX had a 0.8% move to the upside so I entered call side first, then added put side to collect more premium	Because of the Coronavirus news market has high probability to fall from record highs, however added put side too early! for the whole day I was fighting with market down trend as I added more trades and premium! At some point I had $20 spreads! Finally the market showed me some pocket money for the new year!

P/L Change

P/L Week: $810
P/L Year: +$1191(23.82%)
Total commission & fees: $233.1
P/L Year w/fees: $957.9(19.158%)

My first losing trade /CLG0

Weekly Trading RecapJanuary 20, 2020

Week 3 – P/L

New trades/adjustments

Date	01/13	01/17
Cycle	Feb/21	Feb/25
Symbol	TSLA	/NGH0
IVR	65	28
Strategy	Cr – C	Cr – P
Strikes	-$625/+$630	-$1.8/+$1.7
Price	$.68	$1.5
PoP	85%	72%

Closed trades

Cycle	Jan/15
Symbol	/CLG0
Total open price	$0.66
Close price	$1.0
Multiplier	1000
P/L	-$340

Daily Scalp

Date	01/13/20	01/15/20
Symbol	NDX	NDX
Strategy	Cr – c	Cr – p
Strikes	-$9150/+9160	-$9010/+$9000
Price(o/c)	$1.11/$0	$.7/0
P/L	$111	$70
Trigger	NDX had a 1% move on Monday but since option was not available for Monday I chose to trade Wednesday	Low risk companion trade since the call side is almost worthless

P/L Change

P/L Week: -$159
P/L Year: +$381
Total commission & fees: $164.35
P/L Year w/fees: $216.65

I violated my rules

Post mortemJanuary 10, 2020

Jan 8th 2020 is not a day that I am particularly proud of: I violated my rules and almost blew up my account.

The background is a little complicated: Iran attacked US base in Iraq the night before and futures were down almost 2.5% at some point, and I thought there was no way they’ll bounce back and we might see a -3% day the next day. So I almost ready for scalping from the long side.

However in this wicked world we live in, Nasdaq opened green… I got up early and saw it, I go, how is this possible? Angrily puzzled, naturally I shorted NDX… and SPX, $10 spread and $5, then started my nightmare day, when /NQ is getting greener and greener, and my spread was fully in the money.

Then came the familiar feeling: I had to check the market every 10 second, I felt dizzy and defeated and wanted to close my eyes, and then I started to believe my trades had to work.

Finally I started to manage the position by selling put spread against it and I added to the short position, which at some point was tested too, when /NQ was up more than $100! My account lost almost 50% at the worst time, because my /CL and /GC positions started to go against me too.

Finally the option god heard my pray and the last 15 minutes the market started to reverse, however my $10 spread was closed under the water.

The daily scalp business continued to proved to be just gambling. However something I could do to improve? Stick to the plan!

Do not scalp immediately after market opens.
Wait for 1% move(in my defense, the market moved from -2.5% to +0.4% when I placed the trades)
Do not go too big! Currently $10 spread is still too big for me, especially when other conditions are not ideal.
Do not force emotional trades!