Wednesday, May 17, 2017

Finally a down tick lets us cash out the oldest trade ...

It looks like the Trump vs. Comey story is finally affecting the market:


It was down enough this a.m. early for me to finally get the April 17 trade off for a 6.7% profit.

Once again, the trade characteristics are such that there's more room on the downside than the upside. The market was somewhat down on April 17 when I put this trade on and the market's flirting with 2400 the past few days kept it just barely unprofitable. Normally I would have taken it off last Friday, 21 days until expiration (June 2 expiration for these particular options), but I wanted to give it a few days to see if there would be this profitable down move ... and it worked!

The charts are now like this:

Trade DateSymbolResultProfit/LossComment
02/06/2017SPY Lost-18%
02/13/2017SPY Lost-16%
02/21/2017SPY Won+15.4%
02/27/2017SPY Won+17%
03/06/2017SPY Won+15.3%
03/13/2017SPY Won+12.9%
03/20/2017TLT Lost-1.4%Dumb!
03/27/2017SPY Won+9.6%
04/03/2017SPY Won+6.6%18 days long
04/10/2017SPY Won+11.1%only 14 days!
04/17/2017SPY Won+6.7%
04/25/2017SPY Open
05/01/2017SPYOpen
05/08/2017SPYOpen
05/15/2017SPYOpen

That's a 72% win rate on these, finally.

The futures trade is doing well also:

Trade DateWhat Qty Credit ReceivedNet Liq Change
04/25/2017/ES Put-1 $362.50$0
05/03/2017/ES Put-1 $487.50+$70.00
05/12/2017/ES Put-1 $337.50+$1250.00

More details as they become available!

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