Sunday, June 4, 2017

What goes up must eventually come down ...

Something in the news last week sent the market further up to hit more record highs:

This hurt both sides of our trades; the short futures position got hammered ... as I write this the S&P futures price is 2435.50, which is 51.75 points above where I sold it short ... at $50 per point, that's $2587.50.

But! I sold another put for a credit on Friday: a $325 credit, so I'm down only $312 or so on the futures trade. And I'll sell another put every week, forever, and eventually the market will stop going up and even ... go down!

I had to take a 5% loss in one of the neutral trades to meet a margin call on the futures position; the other neutral trades I have on are hurting but not dead yet. Charts below:


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 Won+8.9%
05/01/2017SPYLost-5.0%
05/08/2017SPYOpen
05/15/2017SPYOpen
05/22/2017SPYOpen
05/30/2017SPYOpen

Trade DateWhat Qty Credit ReceivedNet Liq Change Since Start
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
05/17/2017/ES Put-1 $500.00+$1250.00
05/26/2017/ES Put-1 $262.50-$100.00
06/02/2017/ES Put-1 $325.00-$312.50

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