Search results

  1. G

    Swing trading with Butterflies

    Popped a couple of short positions on yesterday. Trade date: 25 January 2022 Security: SPX Price at opening: 4317 Direction: Put Expiry date: 28 January 2022 Strikes: 4110 / 4185 / 4335 Structure: 2 / 3 / 1 Opening Spread: 26.90 Trade date: 25 January 2022 Security: RUT Price at opening: 1981...
  2. G

    Swing trading with Butterflies

    The bounce didn't happen. Trade date: 20 January 2022 Security: SPX Price at opening: 4578 Direction: Call Expiry date: 24 January 2022 Strikes: 4615 / 4635 / 4655 Structure: 1 / 2 / 1 Opening Spread: 0.90 Close date: 24 January 2022 Trade duration: 4 Closing spread: - Profit / (Loss): -0.90...
  3. G

    Swing trading with Butterflies

    Yes, I use IB. I used to try to apply this to DAX30, but have recently switched to EuroStoxx, but as you can see from the lack of trades in either, opportunities are few and far between.
  4. G

    Swing trading with Butterflies

    Placed orders for a call fly on SPX yesterday. Position filled as SPX dropped towards the end of the session, and continued to fall so that the position is 75% down. Its currently a lottery ticket. Trade date: 20 January 2022 Security: SPX Price at opening: 4578 Direction: Call Expiry date...
  5. G

    Swing trading with Butterflies

    You can see I'm trading SPX (and ES), NDX (and NQ), RUT predominantly. My scan list includes oil (CL), cable (GBP), AUD, T-Bonds (ZB) and VIX but trading opportunities are occasional. Further to prior discussion here, I've added a few stocks with zero dividend, liquid options market, and...
  6. G

    Swing trading with Butterflies

    The S&P500 put fly from yesterday (#137) closed today in profit. Trade date: 18 January 2022 Security: SPX Price at opening: 4592 Direction: Put Expiry date: 21 January 2022 Strikes: 4480 / 4520 / 4600 Structure: 2 / 3 / 1 Opening Spread: 12.05 Close date: 19 January 2022 Trade duration: 1...
  7. G

    Swing trading with Butterflies

    Thanks @traderwald 1. Good question re assignment. An imperfect but truthful answer is that it hasn't been an issue yet! Either my closing orders have filled well before that becomes a possibility, or everything has expired worthless. Remember that whilst possible for the short side to...
  8. G

    Swing trading with Butterflies

    Yes. I prefer cash-settled if they're close to ItM near expiry, but sometimes the smaller contract size is useful for multiple exit orders.
  9. G

    When is buying calls better than buying shares?

    Short answer: yes, buying options is potentially more profitable. But there are a lot of "if"s in your hypothesis. Asking "if not" might help you to understand your downside.
  10. G

    Swing trading with Butterflies

    Opened a short fly on S&P500 today. Trade date: 18 January 2022 Security: SPX Price at opening: 4592 Direction: Put Expiry date: 21 January 2022 Strikes: 4480 / 4520 / 4600 Structure: 2 / 3 / 1 Opening Spread: 12.05
  11. G

    Swing trading with Butterflies

    Put fly on Nasdaq filled late on Friday and I didn't get around to popping it on here over the weekend. Closing orders filled this morning. Trade date: 14 January 2022 Security: NQ Price at opening: 15454 Direction: Put Expiry date: 18 January 2022 Strikes: 15080 / 15220 / 15500 Structure: 2 /...
  12. G

    Swing trading with Butterflies

    I got the S&P wrong. Trade date: 10 January 2022 Security: ES Price at opening: 4589 Direction: Put Expiry date: 12 January 2022 Strikes: 4505 / 4535 / 4565 Structure: 1 / 2 / 1 Opening Spread: 1.69 Close date: 12 January 2022 Trade duration: 2 Closing spread: - Profit / (Loss): -1.69 Profit...
  13. G

    Swing trading with Butterflies

    Oops! :rolleyes: Yes; Puts, per the original trade in post #130. I can't edit #132 which is obviously incorrect.
  14. G

    Swing trading with Butterflies

    You guessed right! I tend to write them in ascending order because it seems conventional, flows better and seems more easily comprehensible, but to clarify for a position size of one: long 2 2100 calls (at c.4 each) short 3 2125 calls (at c.7 each) long 1 2175 call (at c.20 each) Net spread...
  15. G

    Swing trading with Butterflies

    Opened a short position on Russell 2000 yesterday, expiring Friday. Trade date: 11 January 2022 Security: RUT Price at opening: 2167 Direction: Put Expiry date: 14 January 2022 Strikes: 2100 / 2125 / 2175 Structure: 2 / 3 / 1 Opening Spread: 7.00
  16. G

    How to short the S&P using options? Day & swing puts

    Given the ease of doing so with those timeframes, try it! Obviously paper trade it first, but put the results on here.
  17. G

    How to short the S&P using options? Day & swing puts

    It may be helpful to look at my journals on here. https://www.elitetrader.com/et/threads/global-options-trades.330518/ https://www.elitetrader.com/et/threads/swing-trading-with-butterflies.360566/page-13 In the first one, I was buying single directional options (including on S&P) and holding...
  18. G

    Swing trading with Butterflies

    The S&P Put Fly placed before Christmas (#123) closed in profit today. Trade date: 22 December 2021 Security: ES Price at opening: 4632 Direction: Put Expiry date: 12 January 2022 Strikes: 4420 / 4500 / 4660 Structure: 2 / 3 / 1 Opening Spread: 19.25 Close date: 10 January 2022 Trade duration...
  19. G

    Swing trading with Butterflies

    The second Nasdaq trade closed today in profit. Trade date: 05 January 2022 Security: NQ Price at opening: 16145 Direction: Put Expiry date: 07 January 2022 Strikes: 15860 / 15960 / 16160 Structure: 2 / 3 / 1 Opening Spread: 36.05 Close date: 06 January 2022 Trade duration: 1 Closing spread...
  20. G

    Swing trading with Butterflies

    Having another go at Nasdaq as IV pushed upwards. Trade date: 05 January 2022 Security: NQ Price at opening: 16145 Direction: Put Expiry date: 07 January 2022 Strikes: 15860 / 15960 / 16160 Structure: 2 / 3 / 1 Opening Spread: 36.05
Back
Top