ES Journal - 2021/2022

[donnap]

bought the call back for 4.70 (+165)

Obviously, I think it'll rebound soon.

 

[Buy1Sell2]

Right now I will be using the pullback to enter highly-leveraged day and swing trades. High as in 10 times leverage.

 

[donnap]

No one knows

 

[donnap]

Just resold it for 5.50

So the 3980/3990 bull call spread is back on for now.

Will let it ride for a while.

 

[donnap]

If tomorrow looks down, I'll short some MES against the spread.

If up, I may add some MES.

Since the options expire tomorrow, my timing opportunities are constrained.

 

[donnap]

Still looks bullish to me.

Just added an MES at 3960.75.

The 3980/3990 spread cost basis is 11 - (8+.70) = 2.30 or $115. Net of costs. That's pretty decent R/R.

I was looking for higher prices today, but we never made it.

 

[donnap]

Sold a two lot MES at 3961.50

So -1 MES and the 3980/3990 bull call spread.

I'd rather have a little downside for tomorrow's open.

Could see some volatility.

 

[donnap]

Covered the short at 3937.25

So now just a free very OTM vertical bull 3980/3990. Expires today.

 

[donnap]

Short MES here 3965.25

Another hedge against the spread

 

[donnap]

Closed the spread for 3.6 ES pts.

Out the short at 3976.25.

Not a very good trade.