summary 5 trades, 2 break evens, 1@ 50% loss, 1@ 14% gain, 1@24% gain
have a better understanding of this trade now and that 50% loss could have been avoided
mon 4/4 the trade was showing a 8% gain
today tue 4/5 closed the trade at $3.00, about a 14% gain
summary 4 trades, 2 break evens, 1 50% loss, 1 14% gain
will try again, I don't think SPY will move much this week and trade might have a chance to work
fri 4/1 SPY @ $206.92
bto apr/15 211 put
sto apr/8 208 put
$2.64 Db
must be closed by short leg expiry apr 8
goal is to buy back at $3.00
(the last post was in error the trade was down 25% for the day, not 75%)
4/1 fri closed trade at about 50% loss
so far 2 break evens and one 50% loss on 3 closed trades
SPY put wkly diagonal itm debit spread
I have been trying out this trade in sim for several weeks, any comments? posted some other info in my journal
thu 3/24 SPY @ $203.11
bto apr/8 207 put
sto apr/1 204 put
$2.27 Db
must be closed by short leg expiry apr 1
the goal is to sell it back for...
on fri 3/11 SPY put wkly diagonal trade (paper) based on plan I got from another trader
SPY @ $202.76
bto mar 24 207 put
sto mar 18 204 put
$2.70 Db
trade must be closed out on expiration of short leg
fri 3/11 closed out the 203/201 call spread from mon 3/7 for a $.15 Db, so trade netted to a wash.
thu 3/10 I could have closed at a further $.26 Cr, or closed the short for an $.18 Db and today sold the long for$1.00, net an additional $.82