10 weeks - 100 trades

Quote from deaddog:

Where is the risk control on BAC?
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Most of my spreads are some kind of backspreads. Average loss is always about 1%, but there is a small probability of big loss (at long options' strike). Nevertheless, this time the loss on BAC was about 3% of account, so it's not a disaster. It would be suspicious if I was profitable every week :)
 
Quote from optisum:

Most of my spreads are some kind of backspreads. Average loss is always about 1%, but there is a small probability of big loss (at long options' strike). Nevertheless, this time the loss on BAC was about 3% of account, so it's not a disaster. It would be suspicious if I was profitable every week :)
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I don't know a thing about option trading. What I have noticed is that for just about every week end report your biggest loss is greater than your biggest gain. Ego my question about risk control.

Kudos for posting your trades in what seems to be close to real time. Most posters post after the fact. Good trading!!:)
 
Quote from deaddog:

I don't know a thing about option trading. What I have noticed is that for just about every week end report your biggest loss is greater than your biggest gain. Ego my question about risk control.
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If market is more or less flat this is exactly what should be happening. Out of 10 trades there is always one that is close to maximum loss and this is why.
On the other hand, if market moves strongly, say 5 %, in a week (in either direction) I should get a big win on some spreads.
 
My trades for the next week:
AAPL 2x: Buy 3x 440.0 Put / Sell 2x 445.0 Put
BAC 20x: Buy 2x 13.0 Call / Sell 2x 13.5 Call / Buy 3x 13.0 Put
BBRY 40x: Sell 1x 14.5 Call / Buy 2x 15.0 Call
BIDU 5x: Sell 1x 100.0 Call / Buy 3x 105.0 Call
CLF 20x: Sell 2x 18.5 Call / Buy 3x 19.0 Call
C 12x: Buy 2x 51.0 Call / Sell 3x 52.0 Call / Buy 1x 52.5 Call / Buy 1x 51.0 Put
F 40x: Sell 1x 16.0 Call / Buy 3x 16.5 Call
GOOG 1x: Sell 2x 870.0 Call / Buy 1x 875.0 Call / Buy 2x 880.0 Call
IBM 2x: Buy 2x 215.0 Call / Buy 2x 200.0 Put / Sell 2x 205.0 Put
SPY 10x: Sell 3x 164.5 Call / Buy 2x 165.0 Call / Buy 2x 165.5 Call

I will post simulated profit/loss later (tomorrow).
 
New trades for the next week. AAPL and CLF trades are not so good, but still statistically profitable.
AAPL 1x: Buy 3x 450.0 Call / Sell 1x 435.0 Put / Sell 1x 440.0 Put / Buy 2x 450.0 Put
BAC 27x: Buy 3x 14.0 Call / Sell 2x 13.5 Put / Buy 2x 14.0 Put
BIDU 7x: Buy 2x 97.5 Put / Sell 1x 100.0 Put
c 13x: Sell 1x 52.0 Call / Buy 2x 52.5 Call / Sell 2x 52.0 Put / Buy 2x 52.5 Put
CLF 14x: Buy 3x 18.5 Call / Sell 1x 17.0 Put / Buy 1x 18.5 Put
F 20x: Buy 3x 16.5 Call / Sell 2x 16.0 Put / Buy 2x 16.5 Put
GOOG 1x: Sell 2x 880.0 Call / Buy 3x 885.0 Call / Sell 1x 880.0 Put / Buy 1x 885.0 Put
IBM 5x: Sell 1x 205.0 Call / Buy 3x 210.0 Call
NDX 1x: Sell 2x 3000.0 Call / Buy 3x 3025.0 Call
SPY 10x: Sell 1x 164.0 Call / Buy 2x 165.0 Call / Sell 3x 164.5 Put / Buy 3x 165.0 Put
 
Quote from optisum:

New trades for the next week. AAPL and CLF trades are not so good, but still statistically profitable.
AAPL 1x: Buy 3x 450.0 Call / Sell 1x 435.0 Put / Sell 1x 440.0 Put / Buy 2x 450.0 Put
BAC 27x: Buy 3x 14.0 Call / Sell 2x 13.5 Put / Buy 2x 14.0 Put
BIDU 7x: Buy 2x 97.5 Put / Sell 1x 100.0 Put
c 13x: Sell 1x 52.0 Call / Buy 2x 52.5 Call / Sell 2x 52.0 Put / Buy 2x 52.5 Put
CLF 14x: Buy 3x 18.5 Call / Sell 1x 17.0 Put / Buy 1x 18.5 Put
F 20x: Buy 3x 16.5 Call / Sell 2x 16.0 Put / Buy 2x 16.5 Put
GOOG 1x: Sell 2x 880.0 Call / Buy 3x 885.0 Call / Sell 1x 880.0 Put / Buy 1x 885.0 Put
IBM 5x: Sell 1x 205.0 Call / Buy 3x 210.0 Call
NDX 1x: Sell 2x 3000.0 Call / Buy 3x 3025.0 Call
SPY 10x: Sell 1x 164.0 Call / Buy 2x 165.0 Call / Sell 3x 164.5 Put / Buy 3x 165.0 Put
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good luck
 
Quote from optisum:

New trades for the next week. AAPL and CLF trades are not so good, but still statistically profitable.

BIDU 7x: Buy 2x 97.5 Put / Sell 1x 100.0 Put

CLF 14x: Buy 3x 18.5 Call / Sell 1x 17.0 Put / Buy 1x 18.5 Put

GOOG 1x: Sell 2x 880.0 Call / Buy 3x 885.0 Call / Sell 1x 880.0 Put / Buy 1x 885.0 Put
More...

what price did you buy the CLF 18.5c at?

Did you close BIDU [i trade it every week]
 
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