10 weeks - 100 trades

New trades for the next week:

AAPL 1x: Sell 3x 445.0 Call / Buy 3x 450.0 Call / Buy 1x 440.0 Put / Sell 1x 455.0 Put
BAC 40x: Buy 1x 11.5 Call / Sell 1x 12.5 Put / Buy 1x 13.0 Put / Buy 1x 13.5 Put
BIDU 10: Buy 3x 80.0 Put / Sell 1x 82.5 Put
C 12x: Buy 2x 48.5 Call / Sell 3x 48.0 Put / Buy 3x 48.5 Put
F 20x: Buy 2x 13.5 Call / Sell 2x 14.0 Call / Sell 3x 13.0 Put / Buy 3x 13.5 Put
GOOG 1x: Sell 1x 845.0 Call / Buy 2x 855.0 Call / Sell 1x 850.0 Put / Buy 1x 855.0 Put
IBM 2x: Sell 2x 195.0 Call / Buy 2x 205.0 Call / Buy 3x 195.0 Put / Sell 3x 205.0 Put
NDX 1x: Sell 1x 2950.0 Call / Buy 2x 2975.0 Call
SPY 12x: Buy 1x 162.0 Call / Sell 3x 161.5 Put / Buy 3x 162.0 Put
FXE 18x: Sell 1x 130.0 Call / Buy 1x 130.5 Call / Buy 1x 131.0 Call
 
Quote from cmb:

this one showing the P & L is for the last 2 weeks right? or just for this week?
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It's from inception - last 2 weeks.
Unfortunately, platform is f***d up and I wasn't able to close profitable spreads on Friday. I had to close 2 options (long and short) at once, but 1 of them had no bid so market order wasn't executed. Since it was a market order, it was not possible modify it. This happened on 4 most profitable spreads. After market closed I took a screenshot (last post) and everything seemed fine. Today morning I discovered my account about 10k smaller than it was yesterday. I'm not going to reset it again, but I have to remember that it should be 10k bigger.
 
My program takes current options' prices + underlying's price+ time to expiration as inputs, as output I get profit factor, probability, number of legs, average profit, average loss, median result and annualized return assuming average loss is 1% of my account. In this journal I always go for most probable spreads and as it turns out almost all them are backspreads. Sometimes there are better spreads but they involve more than 4 legs and for sake of simplicity I don't take them. I'm wondering what's others' experience. Should I go after backspreads or is it better to be more diversified? Backspreads are fine, mainly because there is small window where my position is not profitable and it requires move in a specified direction and of specified magnitude. But if the broad market moves there, there might be high chance of all stocks going just there. Or should I go after high profit factor and/or high annualized profit? Those spreads have lower probability of any profit (usually around 20 - 30%) but with 100 trades it seems like I would be giving them enough chance.
 
Quote from optisum:

New trades for the next week:

AAPL 1x: Sell 3x 445.0 Call / Buy 3x 450.0 Call / Buy 1x 440.0 Put / Sell 1x 455.0 Put
More...

This trade was messed up by stupidity of the platform. Closed with loss -2.5k, new AAPL trade:
5x: Sell 1x 450.0 Call / Buy 1x 470.0 Call / Buy 2x 455.0 Put / Sell 2x 465.0 Put 191.981944684169
 
Another losing week. Loss on AAPL is bigger than it should be due to platform's problems.

Edit: No trades over the weekend. I will open new spreads on Monday evening.
 

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Quote from optisum:

New trades for the next week:

AAPL 1x: Sell 3x 445.0 Call / Buy 3x 450.0 Call / Buy 1x 440.0 Put / Sell 1x 455.0 Put
BAC 40x: Buy 1x 11.5 Call / Sell 1x 12.5 Put / Buy 1x 13.0 Put / Buy 1x 13.5 Put
BIDU 10: Buy 3x 80.0 Put / Sell 1x 82.5 Put
C 12x: Buy 2x 48.5 Call / Sell 3x 48.0 Put / Buy 3x 48.5 Put
F 20x: Buy 2x 13.5 Call / Sell 2x 14.0 Call / Sell 3x 13.0 Put / Buy 3x 13.5 Put
GOOG 1x: Sell 1x 845.0 Call / Buy 2x 855.0 Call / Sell 1x 850.0 Put / Buy 1x 855.0 Put
IBM 2x: Sell 2x 195.0 Call / Buy 2x 205.0 Call / Buy 3x 195.0 Put / Sell 3x 205.0 Put
NDX 1x: Sell 1x 2950.0 Call / Buy 2x 2975.0 Call
SPY 12x: Buy 1x 162.0 Call / Sell 3x 161.5 Put / Buy 3x 162.0 Put
FXE 18x: Sell 1x 130.0 Call / Buy 1x 130.5 Call / Buy 1x 131.0 Call
More...

Is it even possible for AAPL to be profitable if you add commission?
 
Quote from bwolinsky:

Is it even possible for AAPL to be profitable if you add commission?
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Time will tell. So far most losses can be explained by problems with the platform. Also, when I scan for profitable spreads, it seems that possibilities with AAPL are pretty good. On the other hand BBRY usually gives spreads that are barely profitable.
 
New trades for this week:
AAPL 2x : Sell 2x 455.0 Call / Buy 3x 460.0 Call
BAC 20x: Buy 3x 12.5 Put / Sell 1x 13.0 Put
BIDU 5x: Buy 2x 90.0 Call / Sell 2x 92.5 Call / Buy 3x 90.0 Put
CLF 20x: Sell 1x 21.5 Call / Buy 2x 22.5 Call / Sell 1x 24.0 Call
C 12x: Buy 2x 50.0 Call / Sell 3x 49.5 Put / Buy 3x 50.0 Put
F 20x: Buy 1x 14.0 Call / Sell 2x 13.5 Put / Buy 3x 14.0 Put / Sell 1x 14.5 Put
GOOG 1x: Sell 2x 880.0 Call / Buy 3x 890.0 Call / Buy 1x 895.0 Call
IBM 6x: Buy 2x 205.0 Call / Sell 1x 200.0 Put / Buy 1x 205.0 Put
NDX 1x: Sell 2x 2980.0 Call / Buy 1x 2990.0 Call / Buy 2x 2995.0 Call
SPY 10x: Buy 2x 165.0 Call / Sell 2x 164.0 Put / Buy 1x 164.5 Put / Buy 1x 165.0 Put
 
This is my profit&loss for the last week. Good week, account is in profit overall (except for errors/mistakes caused by platform).
 

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