June Trade Results
Total Opened Trades: 2
Total Adjusted Trades: 2
Total Closed Trades: 4
Month Realized P/L: $1,142.92
YTD Realized P/L: $6,783.47
YTD ROC: 21.0%
Friday, June 30, 2017
Trade Adjustment - 21 JUL BABA 110/135 Strangle
Trade Adjustment [Opening Trade][1st Adjustment]
Rolled the trade out to August expiration to collect additional credit, thereby moving out my break even points and increasing my POP. New break even points: 126.04 on the put side and 143.96 on the call side.
Rolled: five 21 JUL BABA 135 Straddles @$5.63
Rolled the trade out to August expiration to collect additional credit, thereby moving out my break even points and increasing my POP. New break even points: 126.04 on the put side and 143.96 on the call side.
Rolled: five 21 JUL BABA 135 Straddles @$5.63
- Bought: five 21 JUL BABA 135 Straddles @$8.92
- Sold: five 18 AUG BABA 135 Straddles @$14.55
Total Credit: $2,815.00
Total Commissions/Fees: $13.04
Balance: $44,243.29
Closing Trade - 21 JUL GGP 19.74/24.74 Strangle
Closing Trade [Opening Trade]
Bought: twenty 21 JUL GGP 19.74/24.74 Strangles @$0.43
Total Debit: $480.00
Total Commissions/Fees: $5.72
Balance: $41,441.33
Trade P/L: $328.45
YTD Realized P/L: $6,783.47
YTD ROC: 21.0%
Bought: twenty 21 JUL GGP 19.74/24.74 Strangles @$0.43
Total Debit: $480.00
Total Commissions/Fees: $5.72
Balance: $41,441.33
Trade P/L: $328.45
YTD Realized P/L: $6,783.47
YTD ROC: 21.0%
Wednesday, June 14, 2017
Closing Trade - 21 JUL EWZ 30.5/39 Strangle
Closing Trade [Opening Trade]
Bought: nine 21 JUL EWZ 30.5/39 Strangles @$0.35
Total Debit: $315.00
Total Commissions/Fees: $2.58
Balance: $41,926.70
Trade P/L: $309.80
YTD Realized P/L: $6,455.02
YTD ROC: 20.0%
Bought: nine 21 JUL EWZ 30.5/39 Strangles @$0.35
Total Debit: $315.00
Total Commissions/Fees: $2.58
Balance: $41,926.70
Trade P/L: $309.80
YTD Realized P/L: $6,455.02
YTD ROC: 20.0%
Friday, June 9, 2017
Trade Adjustment - 21 JUL BABA 110/135 Strangle
Trade Adjustment [Opening Trade]
Yesterday BABA jumped 12% because the company offered strong future sales guidance. This tested my 135 Calls and caused my neutral position to immediately get short. Instead of being mechanical and rolling up my 110 Puts when the stock price was around $138-$140, I waited until today, hoping the price would pull back a little. That didn't happen and instead this morning the stock continued to rally to a high of $148. I was able to roll up my 110 Puts to 135, when the stock was around $147, creating a straddle. Then almost immediately, the market turned and the stock slowly declined to under $140. So basically I rolled at the worst time and got the worst price. Lesson learned - stay mechanical and manage trades early. If I had rolled earlier I would have collected a couple thousand dollars more in premium and given myself a better chance to have a positive outcome for this trade.
Rolled: five 21 JUL BABA 110 Puts@$1.65
Total Commissions/Fees: $6.46
Balance: $42,244.27
Yesterday BABA jumped 12% because the company offered strong future sales guidance. This tested my 135 Calls and caused my neutral position to immediately get short. Instead of being mechanical and rolling up my 110 Puts when the stock price was around $138-$140, I waited until today, hoping the price would pull back a little. That didn't happen and instead this morning the stock continued to rally to a high of $148. I was able to roll up my 110 Puts to 135, when the stock was around $147, creating a straddle. Then almost immediately, the market turned and the stock slowly declined to under $140. So basically I rolled at the worst time and got the worst price. Lesson learned - stay mechanical and manage trades early. If I had rolled earlier I would have collected a couple thousand dollars more in premium and given myself a better chance to have a positive outcome for this trade.
Rolled: five 21 JUL BABA 110 Puts
- Bought: five 21 JUL BABA 110 Puts @$0.05
- Sold: five 21 JUL BABA 135 Puts @$1.70
Total Commissions/Fees: $6.46
Balance: $42,244.27
Monday, June 5, 2017
New Opening Trade - 21 JUL EWZ 30.5/39 Strangle [Closed]
Opening Trade
Sold: nine 21 JUL EWZ 30.5/39 Strangles @$0.72 (the original order was to sell 15 contracts but I only got a partial fill)
Total Credit: $648.00
Total Commissions/Fees: $20.63
Balance: $41,425.73
Sold: nine 21 JUL EWZ 30.5/39 Strangles @$0.72 (the original order was to sell 15 contracts but I only got a partial fill)
Total Credit: $648.00
Total Commissions/Fees: $20.63
Balance: $41,425.73
Closing Trade - 16 JUN EWY 64/70 Strangle
Closing Trade [Opening Trade]
This trade was a mistake on my part - on entry, it had a high POP but the Risk/Reward did not justify putting it on i.e. I wasn't receiving enough credit to justify the risk. I decided to scratch the trade for a small profit to free up the buying power.
Bought: seven 16 JUN EWY 64/70 Strangles @$0.37
Total Debit: $259.00
Total Commissions/Fees: $2.00
Balance: $40,798.36
Trade P/L: $65.95
YTD Realized P/L: $6,145.23
YTD ROC: 19.0%
This trade was a mistake on my part - on entry, it had a high POP but the Risk/Reward did not justify putting it on i.e. I wasn't receiving enough credit to justify the risk. I decided to scratch the trade for a small profit to free up the buying power.
Bought: seven 16 JUN EWY 64/70 Strangles @$0.37
Total Debit: $259.00
Total Commissions/Fees: $2.00
Balance: $40,798.36
Trade P/L: $65.95
YTD Realized P/L: $6,145.23
YTD ROC: 19.0%
Thursday, June 1, 2017
New Opening Trade - 21 JUL GGP 19.74/24.74 Strangle
Opening Trade
Sold: twenty 21 JUL GGP 19.74/24.74 Strangles @$0.43
Total Credit: $860.00
Total Commissions/Fees: $45.82
Balance: $41,059.36
Sold: twenty 21 JUL GGP 19.74/24.74 Strangles @$0.43
Total Credit: $860.00
Total Commissions/Fees: $45.82
Balance: $41,059.36
Closing Trade - 16 JUN TXT 46/50 Strangle
Closing Trade [Opening Trade] [1st Adjustment] [2nd Adjustment]
This trade started out as a 46/50 Strangle but ended up as a 47 Straddle after making two adjustments due to my strikes getting tested:
Bought: eight 16 JUN TXT 47 Straddles @$1.78
Total Debit: $1,424.00
Total Commissions/Fees: $2.29
Balance: $40,245.19
Trade P/L: $438.72
YTD Realized P/L: $6,079.28
YTD ROC: 18.8%
This trade started out as a 46/50 Strangle but ended up as a 47 Straddle after making two adjustments due to my strikes getting tested:
- 1st Adjustment - 46 Put was tested so rolled down the 50 Call to 47 for an additional credit, creating a narrow Strangle
- 2nd Adjustment - 47 Call was tested after rolling it down, so rolled up the 46 Put to 47 for an additional credit, creating a 47 Straddle
Bought: eight 16 JUN TXT 47 Straddles @$1.78
Total Debit: $1,424.00
Total Commissions/Fees: $2.29
Balance: $40,245.19
Trade P/L: $438.72
YTD Realized P/L: $6,079.28
YTD ROC: 18.8%
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