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I wish I could tell you that its part of a highly-honed earnings strategy... ...but no, I hadn't noticed that earnings are today! :banghead: Thanks for the heads-up. :thumbsup: Thankfully, this one is a small position, so if TSLA falls further, a total loss will not be a catastrophe. Per...

The RUT debit Call Spread (#270) closed today in profit. Trade date: 14 October 2022 Security: RUT Price at opening: 1,738.0 Structure: AtM/ItM Call Debit Spread Expiry date: 21 October 2022 Strikes: 1705 / 1740 Opening Spread: 20.20 Close date: 18 October 2022 Trade duration: 4 Closing spread...

Got another signal to run a Call Fly - rather than usual Put flies - so opened a small experimental position: Trade date: 18 October 2022 Security: TSLA Price at opening: 220.7 Implied Vol 110.1% Direction: Call Expiry date: 21 October 2022 Strikes: 230 / 235 / 240 Structure: 1 / 2 / 1 Opening...

Given the recent discussion about swing trading with verticals, I've put together a template and will report those trades here as well as the Butterflies and Calendar spreads. Opened these on Friday: Trade date: 14 October 2022 Security: ES Price at opening: 3,672.0 Structure: AtM/OtM Put...

I brought closing orders in during the gyrations yesterday, and the other Calendar spread (#264) closed in profit. Trade date: 10 October 2022 Security: RUT Price at opening: 1695.9 Direction: Put Expiry date (short side): 14 October 2022 Implied Vol (short side) 45.0% Expiry date (long side)...

Use the RANK function to number your peaks and troughs, then use the date as the operator. If date of MAX > date of MAX-1, then Peaks are rising As mentioned by others, there may be a more elegant solution using VBA or Python, and remember that with Excel there are usually many ways to skin a...

The formula will be straightforward. As you have seen, defining it is the difficult bit! For ease of auditing / unpicking / modifying later, keep those three or four formulae in separate columns and then add them up (or whatever operator as appropriate) rather than nesting them all in one...

The Nasdaq Calendar put (#264) closed today at a good profit. RUT has been moving around so not sure how that one will go. Trade date: 10 October 2022 Security: NQ Price at opening: 10930.9 Direction: Put Expiry date (short side): 14 October 2022 Implied Vol (short side) 45.1% Expiry date...

Although the thread title is Swing Trading, I use different approaches for my swing trades and the Calendars and Flies that I write about on here @Adam777 I probably need to clarify with a new thread or something as I can't change the thread title. You're right in that I use Donchian channels...

Opened a couple of Calendars on Nasdaq and Russell 2000. Trade date: 10 October 2022 Security: RUT Price at opening: 1695.9 Direction: Put Expiry date (short side): 14 October 2022 Implied Vol (short side) 45.0% Expiry date (long side): 17 October 2022 Implied Vol (long side) 37.6% Strikes...

I use Kelly for position sizing @qlai , reduced for the number of securities that I'm trading. Also, my account balance is spread across other securities / strategies. For illustrative purposes, for a USD100k account, I might allocate 25% to this. Kelly then suggests a VaR of say 50%, but as...

How sweet! ^^^^ Now that everybody has everybody else on ignore, we'll have to cope without E-I's valued contributions and get back to the grown-up stuff; making money and reporting how. I was nervous that the RUT Calendar (#242) would expire at a loss, but closing orders filled soon after RUT...

Response to E-I's comment in #248 "but it seems you didn't like my reply and have blocked me" If you look back through my thread you will see that I welcome comments and/or reasoned challenge from people with experience, insight, knowledge, and/or intellectual curiousity. I looked at your...

Thanks @taowave I can't see/reply to E-I but responses would be: q. Is it really that easy to make such big profits with such 3 or 4 legged butterflies? a. If it were easy, everyone would be doing it! ;) Go back a couple of pages and look at some losing trades. Luckily, my wins exceed my...

SPX Fly closed the day after it was opened, in profit. Trade date: 04 October 2022 Security: SPX Price at opening: 3,777.1 Implied Vol 30.1% Direction: Put Expiry date: 07 October 2022 Strikes: 3670 / 3705 / 3775 Structure: 2 / 3 / 1 Opening Spread: 10.25 Close date: 05 October 2022 Trade...

Opened a Put Fly on S&P500 yesterday. Trade date: 04 October 2022 Security: SPX Price at opening: 3,777.1 Implied Vol 30.1% Direction: Put Expiry date: 07 October 2022 Strikes: 3670 / 3705 / 3775 Structure: 2 / 3 / 1 Opening Spread: 10.25 Conviction isn't strong on this one.

Opened another Russell 2000 Calendar. Trade date: 03 October 2022 Security: RUT Price at opening: 1701.2 Direction: Put Expiry date (short side): 07 October 2022 Implied Vol (short side) 39.9% Expiry date (long side): 10 October 2022 Implied Vol (long side) 34.1% Strikes: 1660 Opening Spread: 3.40

Was away for the weekend and didn't add this as it filled after I left my desk, and has already closed today in profit. Trade date: 30 September 2022 Security: RUT Price at opening: 1,697.3 Implied Vol 29.0% Direction: Put Expiry date: 03 October 2022 Strikes: 1660 / 1700 / 1740 Structure: 1 /...

Thanks for the example @cesfx A couple of thoughts: after the 100-point rise, my temptation would also be to take the almost`100% profit (depending on dte) and close the position. But I'll explore the fly conversion further and run some simulations. a minor point perhaps, and I appreciate...

Thanks @cesfx Q: I read that you also trade longer term verticals. Do you ever convert them into riskless fly's? A: I do, and I haven't. Something for me to consider though. Can you share a practical example pls? Q: Do you use any scanner to pick your calendars and fly's or is it all...