Swing trading with Butterflies

Closed remaining outstanding orders on the VIX Call Fly from last week.

Trade date: 15 December 2021
Security: VIX
Price at opening: 22.86
Direction: Call
Expiry date: 21 December 2021
Strikes: 22 / 26 / 28
Structure: 1 / 3 / 2
Opening Spread: 0.39
Close date: 21 December 2021
Trade duration: 6
Closing spread: 0.69
Profit / (Loss): 0.30
Profit / (Loss): 77.4%
 
Slightly overpaid for this but there is plenty of headroom and thus profit if S&P500 falls a little further this week.

Trade date: 21 December 2021
Security: SPX
Price at opening: 4595
Direction: Put
Expiry date: 23 December 2021
Strikes: 4520 / 4550 / 4580
Structure: 1 / 2 / 1
Opening Spread: 2.40
 
A more conventional directional / swing trade with 20 DTE, in case S&P500 falls through the holiday season and/or into January.

Trade date: 22 December 2021
Security: ES
Price at opening: 4632
Direction: Put
Expiry date: 12 January 2022
Strikes: 4420 / 4500 / 4660
Structure: 2 / 3 / 1
Opening Spread: 19.25

It looks like the short fly expiring today will be a total loss, but I'll update after it expires.
 
The Oil and S&P500 Put Flies from before Christmas (#120 and #122) expired at a total loss.

Outwith the scope of this journal but longer-term volatility trades profited from falling volatility over the holiday period, which offset losses on these shorter-term trades, which are more suitable for a journal.

Opened a Put Fly on Nasdaq yesterday.

Trade date: 03 January 2022
Security: NQ
Price at opening: 16394
Direction: Put
Expiry date: 05 January 2022
Strikes: 16170 / 16250 / 16410
Structure: 2 / 3 / 1
Opening Spread: 24.75
 
With Nasdaq dropping today, yesterday's Put Fly closed in profit.

Trade date: 03 January 2022
Security: NQ
Price at opening: 16394
Direction: Put
Expiry date: 05 January 2022
Strikes: 16170 / 16250 / 16410
Structure: 2 / 3 / 1
Opening Spread: 24.75
Close date: 04 January 2022
Trade duration: 1
Closing spread: 29.25
Profit / (Loss): 4.50
Profit / (Loss): 18.2%
 
Having another go at Nasdaq as IV pushed upwards.

Trade date: 05 January 2022
Security: NQ
Price at opening: 16145
Direction: Put
Expiry date: 07 January 2022
Strikes: 15860 / 15960 / 16160
Structure: 2 / 3 / 1
Opening Spread: 36.05
 
The second Nasdaq trade closed today in profit.

Trade date: 05 January 2022
Security: NQ
Price at opening: 16145
Direction: Put
Expiry date: 07 January 2022
Strikes: 15860 / 15960 / 16160
Structure: 2 / 3 / 1
Opening Spread: 36.05
Close date: 06 January 2022
Trade duration: 1
Closing spread: 47.95
Profit / (Loss): 11.90
Profit / (Loss): 33.0%

Hoping US markets fall a little further into next week as the S&P500 Put Fly from before Christmas (#123) expires 12 Jan.
 
The S&P Put Fly placed before Christmas (#123) closed in profit today.

Trade date: 22 December 2021
Security: ES
Price at opening: 4632
Direction: Put
Expiry date: 12 January 2022
Strikes: 4420 / 4500 / 4660
Structure: 2 / 3 / 1
Opening Spread: 19.25
Close date: 10 January 2022
Trade duration: 19
Closing spread: 32.00
Profit / (Loss): 12.75
Profit / (Loss): 66.2%

Coincidentally, I got a decent signal for another short on S&P500, so unusally have placed a trade today for same expiration date, with the body a little higher:

Trade date: 10 January 2022
Security: ES
Price at opening: 4589
Direction: Put
Expiry date: 12 January 2022
Strikes: 4505 / 4535 / 4565
Structure: 1 / 2 / 1
Opening Spread: 1.69
Close date: 12 January 2022
Trade duration: 2
 
Opened a short position on Russell 2000 yesterday, expiring Friday.

Trade date: 11 January 2022
Security: RUT
Price at opening: 2167
Direction: Put
Expiry date: 14 January 2022
Strikes: 2100 / 2125 / 2175
Structure: 2 / 3 / 1
Opening Spread: 7.00
 
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