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
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 [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%
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
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 [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
July Trade Results
Total Opened Trades: 3
Total Adjusted Trades: 1
Total Closed Trades: 3
Month Realized P/L: $1,152.07
YTD Realized P/L: $7,935.53
YTD ROC: 24.6%
