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 Date | Symbol | Result | Profit/Loss | Comment |
---|---|---|---|---|
02/06/2017 | SPY | Lost | -18% | |
02/13/2017 | SPY | Lost | -16% | |
02/21/2017 | SPY | Won | +15.4% | |
02/27/2017 | SPY | Won | +17% | |
03/06/2017 | SPY | Won | +15.3% | |
03/13/2017 | SPY | Won | +12.9% | |
03/20/2017 | TLT | Lost | -1.4% | Dumb! |
03/27/2017 | SPY | Won | +9.6% | |
04/03/2017 | SPY | Won | +6.6% | 18 days long |
04/10/2017 | SPY | Won | +11.1% | only 14 days! |
04/17/2017 | SPY | Won | +6.7% | |
04/25/2017 | SPY | Open | ||
05/01/2017 | SPY | Open | ||
05/08/2017 | SPY | Open | ||
05/15/2017 | SPY | Open |
That's a 72% win rate on these, finally.
The futures trade is doing well also:
Trade Date | What | Qty | Credit Received | Net 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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