August Month End Results

August Trade Results
Total Opening Trades: 5
Total Adjusted Trades: 5
Total Closed Trades: 3
Month Realized P/L: $825.80
YTD Realized P/L: $8,761.33
YTD ROC: 27.2%

New Opening Trade - 20 OCT SPX 2440 Calendar

Opening Trade
Bought: two 20 OCT SPX 2440 Calendars @$13.60

Total Debit: $2,720.00
Total Commissions/Fees: $7.31
Balance: $53,506.45

New Opening Trade - 20 OCT ATVI 57.5/70 Strangle [Closed]

Opening Trade
Sold: three 20 OCT ATVI 57.5/70 Strangles @$1.44

Total Credit: $432.00
Total Commissions/Fees: $6.87
Balance: $56,233.76

Closing Trade - 15 SEP XOP 30/31/32 Ratio Spread

Closing Trade [Opening Trade]

Decided to scratch the trade because I didn't collect enough premium when I originally put it on and would rather free up the buying power for a better opportunity.

Bought: five 15 SEP XOP 30/31/32 Ratio Spreads @$0.06

Total Debit: $30.00

Total Commissions/Fees: $2.16

Balance: $55,808.63

Trade P/L: $30.65

YTD Realized P/L: $8,761.33

YTD ROC: 27.2%

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][First Adjustment][2nd Adjustment][3rd Adjustment][4th Adjustment][5th Adjustment][6th Adjustment][7th Adjustment]
Rolled the 170 inverted Puts up to 175.

Rolled: five 15 OCT BABA 170 inverted Puts @$2.22

• Bought: five 15 OCT BABA 170 Puts @$5.94
• Sold: five 15 OCT BABA 175 Puts @$8.16

Total Credit: $1,110.00
Total Commissions/Fees: $1.52
Balance: $55,840.79

Closing Trade - 15 SEP PYPL 55/62.5 Strangle

Closing Trade [Opening Trade]
Bought: five 15 SEP PYPL 55/62.5 Strangles @$0.69

Total Debit: $345.00
Total Commissions/Fees: $1.42
Balance: $54,732.31
Trade P/L: $282.12
YTD Realized P/L: $8,730.68
YTD ROC: 27.1%

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][1st Adjustment][2nd Adjustment][3rd Adjustment][4th Adjustment][5th Adjustment][6th Adjustment]
Rolled my 165 inverted Puts up to 170 for an additional $2.25 credit.  The intrinsic value of the position is now 35.

Rolled: five 15 OCT BABA 165 inverted Puts @$2.25

• Bought five 15 OCT BABA 165 Puts @$5.72
• Sold five 15 OCT BABA 170 Puts @$7.97

Total Credit: $1,125.00
Total Commissions/Fees: $6.52
Balance: $55,078.73

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][1st Adjustment][2nd Adjustment][3rd Adjustment][4th Adjustment][5th Adjustment]
BABA announced earnings today pre-market and the stock jumped to $166.  I needed to roll my inverted Puts up to 165 in the October expiration to collect more credit on the trade.  My position now has an intrinsic value of $30 and with this roll I collected an additional $3.62, bring my total credit to $24.74.  After this I'll need to collect another $5.26 in future adjustments to break even on the trade.

Rolled: five 15 OCT BABA 155 inverted Puts @$3.62

• Bought: five 15 OCT BABA 155 Puts @$3.24
• Sold: five 15 OCT BABA 165 Puts @$6.86

Total Credit: $1,810.00
Total Commissions/Fees: $6.50
Balance: $53,960.25

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][1st Adjustment][2nd Adjustment][3rd Adjustment][4th Adjustment]
Rolled my inverted Strangle out to October to collect an additional $3.16 in credit.  The total credit collected on the trade is now $21.12.  The inverted position has an intrinsic value of $20.00 (the difference between the 135/155 inverted strikes), so if I can buy the position back by October expiration for $21.12 I can scratch the trade, but if I can buy it back between $21.12 and $20.00, I can actually make a profit on the trade of up to $560.00.

Rolled: five 15 SEP BABA 135/155 Inverted Strangles @$3.16
Total Credit: $1,580.00
Total Commissions/Fees: $13.20
Balance: $52,156.35

New Opening Trade - 15 SEP XLE 64/64.5/65.5 Ratio Spread [Closed]

Opening Trade
Sold: five 15 SEP XLE 64/64.5/65.5 Ratio Spread @$0.83

Total Credit: $415.00
Total Commissions/Fees: $17.18
Balance: $50,589.55

Closing Trade - 18 AUG RUT 1440 Put Calendar

Closing Trade [Opening Trade]
Sold: five 18 AUG RUT 1440 Put Calendars @$11.66

Total Credit: $5,830.00
Total Commissions/Fees: $3.57
Balance: $50,191.73
Trade P/L: $513.03
YTD Realized P/L: $8,448.56
YTD ROC: 26.2%

New Opening Trade - 15 SEP XOP 30/31/32 Ratio Spread [Closed]

Opening Trade
Putting on an XOP ratio spread for a credit of $0.16.  This trade has no risk to the upside because it was done for a credit, and has a max profit of $580.00 (distance between the long strike and short strike plus the credit received = ($1+$0.16) x 5 x 100 = $580.00).  Ratio spreads can be put on for a credit because you're selling more contracts than you're buying, in this case 2:1.

Sold: five 15 SEP XOP 30/31/32 Ratio Spreads @$0.16

Total Credit: $80.00
Total Commissions/Fees: $17.19
Balance: $44,365.30

New Opening Trade - 15 SEP PYPL 55/62.5 Strangle [Closed]

Opening Trade
Sold: five 15 SEP PYPL 55/62.5 Strangles @$1.28

Total Credit: $640.00
Total Commissions/Fees: $11.47
Balance: $44,302.49

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][1st Adjustment][2nd Adjustment][3rd Adjustment]
Rolled my 135/155 inverted strangle to September to collect additional credit and get closer to break even.

Rolled: five 18 AUG BABA 135/155 Inverted Strangles @$3.60
Total Credit: $1,800.00
Total Commissions/Fees: $13.23
Balance: $43,673.95