From $60K to $600K

destriero · Jul 1, 2019

$4,981 gained. 8.2% on account. >2x risk.

AMZN asym-fly (synthetic) for JUL5 was closed 15 minutes ago. There was no juice left in the body. It was trading to 75D per contract.

Currently holding bear flies for NFLX JUL19 (-12D) and AAPL JUL5 (-7D).

maximumpossiblesuffering · Jul 1, 2019

destriero said:
Likely through a bear diagonal in 2020 volatility.

2020? Seems inefficient to me as the vast majority of equity declines are sharp and short in duration. Then again, I have no feel for diagonals.

destriero · Jul 2, 2019

AAPL, NFLX and SPY flies performing as predicted. 10/11 win days.

destriero · Jul 2, 2019

Covered the SPY bear position. I will not hold short index into 7/4. +$800 on the day. +$5,500 from inception. +9%. 3x risk.

$420K hit.

techlogik · Jul 2, 2019

This is impressive if you are trading options primarily. Sounds risky and aggressive. But, you must have a system and method that works no matter what kind of trading.

How can we follow and get more info on your trading style/methods friend? I can read your posts. My searches are not good...oh, looks like a TDAmeritrade screenshot there. Must have paid $100K in trading fees at least by now!!! Haha..I know the feeling. I'll read back more on your logs...thanks.

trading_jean · Jul 2, 2019

destriero said:
AAPL, NFLX and SPY flies performing as predicted. 10/11 win days.

View attachment 205130

When did you open the SPY bear position? You mentioned "getting short index tomorrow" yesterday, I assume this is referring to this trade?

Hope you don't mind me asking this question, as a new trader I am just trying to understand what you are doing. Then later hopefully I can start figuring out why you are doing it ;-)

destriero · Jul 2, 2019

trading_jean said:
When did you open the SPY bear position? You mentioned "getting short index tomorrow" yesterday, I assume this is referring to this trade?

Hope you don't mind me asking this question, as a new trader I am just trying to understand what you are doing. Then later hopefully I can start figuring out why you are doing it ;-)

The closing action was a setup that I normally trade. That 45-degree short cover.

trading_jean · Jul 2, 2019

Thanks for replying but unfortunately I don't understand what you are saying.
If you could explain that would be great, but no hard feelings should you prefer not to enter "for dummies" territory here.

destriero · Jul 2, 2019

trading_jean said:
Thanks for replying but unfortunately I don't understand what you are saying.
If you could explain that would be great, but no hard feelings should you prefer not to enter "for dummies" territory here.

This closing move is something that I model.

destriero · Jul 2, 2019

techlogik said:
This is impressive if you are trading options primarily. Sounds risky and aggressive. But, you must have a system and method that works no matter what kind of trading.

How can we follow and get more info on your trading style/methods friend? I can read your posts. My searches are not good...oh, looks like a TDAmeritrade screenshot there. Must have paid $100K in trading fees at least by now!!! Haha..I know the feeling. I'll read back more on your logs...thanks.

I pay $0.50 per contract with no ticket fee. I risk SPX beta.

My handles (have been) riskarb, atticus, drownpruf... others that I cannot recall.