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The VIX trade closed in profit as volatility increased from c.19 on Thursday to c.25 today. Trade date: 16 September 2021 Security: VIX Direction: Call Expiry date: 21 September 2021 Strikes: 20 / 22 / 24 Structure: 1 / 2 / 1 Opening Spread: 0.19 Close date: 21 September 2021 Trade duration: 5...

Whilst on holiday, I inexplicably and ill-advisedly put on two trades 'by the pool'. Both were placed in small size, and in each case 'on a hunch' without doing any analysis, so opposite to my usual disciplined and analytic approach. Trade date: 08 September 2021 Security: SPX Direction: Put...

Thanks James; will do. I'm away on holiday for a couple of weeks so will pick up here when back.

There will be better ways, but stock in O or similar paying c.6% yield, with covered calls sold to raise c.1% per month, with some of the excess proceeds used to buy protective puts could get close.

Thanks @jamesbp Brief responses to your points in order: #1 Interested to see what your thinking is of using Monte-Carlo sim to evaluate what are essentially discrete trades There is only any value in the exercise simulating the combo. #2 Strike width ... are you saying you use the ATM...

Thanks James Q1 I'm using an approach that is probably different to most, running scenarios for a range of structures around a fixed body that is OtM. As an example for the DAX position yesterday, I had the following choices: 121 15450/15600/15750 @ 24.25 132 15300/15600/15750 @ 62 231...

The oil trade (#46) expired OtM at a total loss. Placed a bearish position on DAX for next Friday: Trade date: 27 August 2021 Security: DAX Price at opening: 15817 Direction: Put Expiry date: 03 September 2021 Strikes: 15300 / 15600 / 15750 Structure: 1 / 3 / 2 Opening Spread: 62.00

Sharing this one although it is a paper trade. I couldn't enter it as a single order, and will be on holiday the week prior to expiry, and don't want to deal with several partial orders to close the position gradually. Here it is anyway quoted at mid-price: Trade date: 25 August 2021...

Closed the short Nasdaq position from Friday after it hit ATH yesterday. There will be a better entry. Trade date: 20 August 2021 Security: NDX Price at opening: 15083 Direction: Put Expiry date: 10 September 2021 Strikes: 14350 / 14750 / 15550 Structure: 2 / 3 / 1 Opening Spread: 241.30 Close...

Yes, I see you had a good week. :thumbsup:

FWiW I trade CCs on stocks held within my SIPP (cash account & long-only for the specific purpose of accumulating wealth over a few decades, not day-trading on margin etc) For that purpose: as @OptionsOptionsOptions said, for don't let the tail of IV / big premia wag the tail of the...

Just checked my trade log to help answer this. I haven't got a statistically significant sample of unbalanced structures to draw upon, but whilst only about 20% of all trades have been calls (so 80% puts) the calls are evenly split between balanced 1/2/1s and unbalanced 1/3/2s. I like the...

Opened a short position on Nasdaq with 21DTE: Trade date: 20 August 2021 Security: NDX Price at opening: 15083 Direction: Put Expiry date: 10 September 2021 Strikes: 14350 / 14750 / 15550 Structure: 2 / 3 / 1 Opening Spread: 241.30 This is larger than I'm comfortable trading so I'll be...

I generally don't make adjustments but oil dropped faster than I had anticipated so I've rolled the Put fly expiring next week down, and crystallised a profit on the first trade. Trade date: 11 August 2021 Security: CL Price at opening: 66.94 Direction: Put Expiry date: 27 August 2021 Strikes...

A couple of expiries in UK and German markets today. The speculative 6775/6800/6825 FTSE Put Fly (#18) closed OtM for a total loss. FTSE and DAX flies put on this week closed at a profit. Trade date: 17 August 2021 Security: FTSE Price at opening: 7136 Direction: Put Expiry date: 20 August...

RUT Put Fly from end of July filled on opening today, at a nice profit. I need a few more like this to offset some of the total losses reported already. Trade date: 26 July 2021 Security: RUT Price at opening: 2214 Direction: Put Expiry date: 19 August 2021 Strikes: 2050 / 2100 / 2150...

Placed a trade on DAX yesterday: Trade date: 18 August 2021 Security: DAX Price at opening: 15903 Direction: Put Expiry date: 20 August 2021 Strikes: 15700 / 15800 / 15900 Structure: 1 / 2 / 1 Opening Spread: 16.50 Both the FTSE trade (#36) and this one have been partially closed with initial...

A little frustrating, but I've not traded RUT put flies last week and this week to avoid going overweight RUT on the short side given existing put fly expiring on Friday (#8). With the benefit of hindsight both would have closed at a profit. Ignored that concern and popped a short position on...

A disastrous end to the week! Netflix was OtM all week, then rose on Friday sufficiently for me to bring closing orders down and recapture most of my money. This was luck rather than good trading. Nasdaq moved in the right direction initially, with first closing orders filled same day (per...

Good spot @samuel11 :thumbsup: I can't edit the post now, but opening prices in #30 last night should have been USD66.94 for the oil future and 15,066 for Nasdaq. All other info was correct.