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The GOOGL fly from #179 expired at a 100% loss on Friday. The remaining closing orders on the TSLA fly from #179 filled so that the position closed at a small profit. Trade date: 08 March 2022 Security: TSLA Price at opening: 833 Direction: Put Expiry date: 11 March 2022 Strikes: 745 / 765 /...

Without knowing where you are and what type of entity you're trading through nobody can advise you with any certainty. Ask your accountant.

You're taking a scattergun approach when you should be like a sniper @KGTrader4 You need to concentrate on one market until you have an edge; a statistically-proven confirmation that you can see something that others cannot - or see it before others do - and can profit from it consistently...

The SPX fly closed in profit. TSLA is also partially closed. It feels like GOOGL will close at a loss later today. Trade date: 09 March 2022 Security: SPX Price at opening: 4245 Direction: Put Expiry date: 11 March 2022 Strikes: 4120 / 4165 / 4255 Structure: 2 / 3 / 1 Opening Spread: 12.10...

Added another short on the index for expiry tomorrow. Trade date: 09 March 2022 Security: SPX Price at opening: 4245 Direction: Put Expiry date: 11 March 2022 Strikes: 4120 / 4165 / 4255 Structure: 2 / 3 / 1 Opening Spread: 12.10

Closed the ES trade in profit. Trade date: 07 March 2022 Security: ES Price at opening: 4271 Direction: Put Expiry date: 09 March 2022 Strikes: 4145 / 4180 / 4250 Structure: 2 / 3 / 1 Opening Spread: 10.00 Close date: 08 March 2022 Trade duration: 1 Closing spread: 11.17 Profit / (Loss): 1.17...

There was a typo in the SPX closing spread. It should have been: Trade date: 02 March 2022 Security: ES Price at opening: 4328 Direction: Put Expiry date: 07 March 2022 Strikes: 4170 / 4225 / 4335 Structure: 2 / 3 / 1 Opening Spread: 14.00 Close date: 04 March 2022 Trade duration: 2 Closing...

Was away for second half of last week and didn't get a chance to put the opening trades on here, but they closed on Friday in profit. Trade date: 02 March 2022 Security: ES Price at opening: 4328 Direction: Put Expiry date: 07 March 2022 Strikes: 4170 / 4225 / 4335 Structure: 2 / 3 / 1 Opening...

If you are ignoring volatility, and simply attempting to profit from price rising by an unspecified amount over the next 6 weeks, have you compared your strategy (risk:reward, breakeven etc) to simply selling the AtM put? It would seem that you are accepting a tiny premium (USD3) for a lot of...

Trade date: 24 February 2022 Security: SPX Price at opening: 4169 Direction: Put Expiry date: 28 February 2022 Strikes: 4020 / 4070 / 4170 Structure: 2 / 3 / 1 Opening Spread: 13.80 Close date: 28 February 2022 Trade duration: 4 Closing spread: - Profit / (Loss): -13.80 Profit / (Loss)...

I'm not suggesting the OP should do what I do, but I typically open a mixture of ItM and OtM flies with c.3DTE. It works for me.

Opened another put fly on S&P yesterday, before the index rose strongly. This feels like it could be the one to break the pattern of 22 consecutive winning trades. Trade date: 24 February 2022 Security: SPX Price at opening: 4279 Direction: Put Expiry date: 28 February 2022 Strikes: 4170 /...

Closing orders for the SPX trade filled yesterday, closing in profit same day. Trade date: 23 February 2022 Security: SPX Price at opening: 4279 Direction: Put Expiry date: 25 February 2022 Strikes: 4170 / 4205 / 4275 Structure: 2 / 3 / 1 Opening Spread: 9.30 Close date: 23 February 2022 Trade...

Both trades from yesterday closed today in profit. Trade date: 22 February 2022 Security: RUT Price at opening: 1997 Direction: Put Expiry date: 25 February 2022 Strikes: 1920 / 1945 / 1995 Structure: 2 / 3 / 1 Opening Spread: 7.13 Close date: 23 February 2022 Trade duration: 1 Closing spread...

The Russell2000 put fly closed today in profit. Following Russia's invasion of Ukraine yesterday, markets were widely expected to fall. I was only able to move one order out before all other orders filled on opening. Trade date: 18 February 2022 Security: RUT Price at opening: 2009 Direction...

I prefer the risk/reward ratio for the flies, but if you would like to backtest some of my trades as verticals for comparison it might be a useful exercise for us both.

Had to go out yesterday evening (GMT) so before close for US. But a few fly orders filled to open positions, and closing orders for S&P500 closed a couple of hours later in the sell-off, at a profit. Trade date: 18 February 2022 Security: RUT Price at opening: 2008.7 Direction: Put Expiry...

Just noticed that I didn't post closing statements for a couple of trades this week. Trade date: 15 February 2022 Security: RUT Price at opening: 2060 Direction: Put Expiry date: 18 February 2022 Strikes: 2000 / 2020 / 2060 Structure: 2 / 3 / 1 Opening Spread: 5.16 Close date: 17 February 2022...

@bln check out Kelly Criterion. Nothing wrong with 79% win/loss ratio if returns are low. Obviously as profit target increases, win/loss ratio is likely to decrease. OP's 66% P&L - if I've understood correctly - 79% of the time is admirable.

If you're trading H1, what was the duration of your paper / sim trades?