I'll be away on vacation next week until mid April so will pick this up when back.
Swing trading with Butterflies
- Thread starter Global OptionsTrades
- Start date
A two-month vacation? Must be nice to have that good life, like that dude jumping off the yacht in the E-Trade commercial. I'd post it here, but am not allowed to. :-(
Enjoy your time off!
Thanks. I think you said you'll be in Vegas soon, too. If so, Enjoy!
Thanks.
Reading that again its a little misleading. I'll be in Panama for a couple of weeks, then home in UK for a couple of weeks, then Spain for a couple of weeks, but unlikely to be trading much and unlikely to add any trades here, after this one...
Opened a Calendar Put Spread yesterday to close on or before Friday.
Trade date: 21 February 2023
Security: NQ
Price at opening: 12157.0
Direction: Put
Expiry date (short side): 24 February 2023
Implied Vol (short side) 30.0%
Expiry date (long side): 27 February 2023
Implied Vol (long side) 24.7%
Strikes: 12150
Opening Spread: 20.00
My target on the Nasdaq Calendar was c.31 and the spread reached 29 prior to opening today. then dropped with the sell off at the open. I just closed at a loss.
Trade date: 21 February 2023
Security: NQ
Price at opening: 12157.0
Direction: Put
Expiry date (short side): 24 February 2023
Implied Vol (short side) 30.0%
Expiry date (long side): 27 February 2023
Implied Vol (long side) 24.7%
Strikes: 12150
Opening Spread: 20.00
Close date: 24 February 2023
Trade duration: 3
Closing spread: 14.00
Profit / (Loss): -6.00
Profit / (Loss): -30.0%
Trade date: 21 February 2023
Security: NQ
Price at opening: 12157.0
Direction: Put
Expiry date (short side): 24 February 2023
Implied Vol (short side) 30.0%
Expiry date (long side): 27 February 2023
Implied Vol (long side) 24.7%
Strikes: 12150
Opening Spread: 20.00
Close date: 24 February 2023
Trade duration: 3
Closing spread: 14.00
Profit / (Loss): -6.00
Profit / (Loss): -30.0%
Nice! Enjoy. Didn't I read somewhere that you have a job as well? In any case best to you.
I opened a couple of Calendar Spreads whilst travelling so didn't have a chance to add here yet. Really pleased with these in aggregate (not so much the Nasdaq one!) so decided to share them here now.
Trade date: 14 March 2023
Security: SPY
Price at opening: 388.3
Direction: Put
Expiry date (short side): 17 March 2023
Implied Vol (short side) 25.6%
Expiry date (long side): 20 March 2023
Implied Vol (long side) 20.3%
Strikes: 388
Opening Spread: 0.50
Close date: 17 March 2023
Trade duration: 3
Closing spread: 1.13
Profit / (Loss): 0.63
Profit / (Loss): 125.0%
Trade date: 20 March 2023
Security: SPY
Price at opening: 393.2
Direction: Put
Expiry date (short side): 24 March 2023
Implied Vol (short side) 31.2%
Expiry date (long side): 27 March 2023
Implied Vol (long side) 25.6%
Strikes: 393
Opening Spread: 0.37
Close date: 23 March 2023
Trade duration: 3
Closing spread: 0.86
Profit / (Loss): 0.49
Profit / (Loss): 132.8%
Trade date: 27 March 2023
Security: NQ
Price at opening: 12803.5
Direction: Call
Expiry date (short side): 31 March 2023
Implied Vol (short side) 25.7%
Expiry date (long side): 03 April 2023
Implied Vol (long side) 20.5%
Strikes: 13050
Opening Spread: 18.00
Close date: 29 March 2023
Trade duration: 2
Closing spread: 8.25
Profit / (Loss): -9.75
Profit / (Loss): -54.2%
Now back and awaiting set-ups for Swings and Calendars.
Trade date: 14 March 2023
Security: SPY
Price at opening: 388.3
Direction: Put
Expiry date (short side): 17 March 2023
Implied Vol (short side) 25.6%
Expiry date (long side): 20 March 2023
Implied Vol (long side) 20.3%
Strikes: 388
Opening Spread: 0.50
Close date: 17 March 2023
Trade duration: 3
Closing spread: 1.13
Profit / (Loss): 0.63
Profit / (Loss): 125.0%
Trade date: 20 March 2023
Security: SPY
Price at opening: 393.2
Direction: Put
Expiry date (short side): 24 March 2023
Implied Vol (short side) 31.2%
Expiry date (long side): 27 March 2023
Implied Vol (long side) 25.6%
Strikes: 393
Opening Spread: 0.37
Close date: 23 March 2023
Trade duration: 3
Closing spread: 0.86
Profit / (Loss): 0.49
Profit / (Loss): 132.8%
Trade date: 27 March 2023
Security: NQ
Price at opening: 12803.5
Direction: Call
Expiry date (short side): 31 March 2023
Implied Vol (short side) 25.7%
Expiry date (long side): 03 April 2023
Implied Vol (long side) 20.5%
Strikes: 13050
Opening Spread: 18.00
Close date: 29 March 2023
Trade duration: 2
Closing spread: 8.25
Profit / (Loss): -9.75
Profit / (Loss): -54.2%
Now back and awaiting set-ups for Swings and Calendars.
Opened a couple of short directional trades today. It feels wrong to be shorting Nasdaq, but I'm taking comfort that this acts as a partial hedge against a long stock portfolio.
Trade date: 25 April 2023
Security: NQ
Price at opening: 12,997.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 19 May 2023
Strikes: 13000 / 13300
Opening Spread: 159.50
Trade date: 25 April 2023
Security: CL
Price at opening: 79.97
Structure: ItM/AtM Put Debit Spread
Expiry date: 12 May 2023
Strikes: 80 / 82.5
Opening Spread: 1.40
The Oil is more speculative. My model provided me with a long signal on oil 30 March (closed at USD74.40) and oil jumped to over USD80 04 April.
Trade date: 25 April 2023
Security: NQ
Price at opening: 12,997.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 19 May 2023
Strikes: 13000 / 13300
Opening Spread: 159.50
Trade date: 25 April 2023
Security: CL
Price at opening: 79.97
Structure: ItM/AtM Put Debit Spread
Expiry date: 12 May 2023
Strikes: 80 / 82.5
Opening Spread: 1.40
The Oil is more speculative. My model provided me with a long signal on oil 30 March (closed at USD74.40) and oil jumped to over USD80 04 April.
That was quick!
Probably should have been more aggressive with my closing orders.
Trade date: 25 April 2023
Security: CL
Price at opening: 79.97
Structure: ItM/AtM Put Debit Spread
Expiry date: 12 May 2023
Strikes: 80 / 82.5
Opening Spread: 1.40
Close date: 26 April 2023
Trade duration: 1
Closing spread: 1.98
Profit / (Loss): 0.58
Profit / (Loss): 41.4%
Probably should have been more aggressive with my closing orders.
Trade date: 25 April 2023
Security: CL
Price at opening: 79.97
Structure: ItM/AtM Put Debit Spread
Expiry date: 12 May 2023
Strikes: 80 / 82.5
Opening Spread: 1.40
Close date: 26 April 2023
Trade duration: 1
Closing spread: 1.98
Profit / (Loss): 0.58
Profit / (Loss): 41.4%
Opened another bearish position on Friday, and a long position on Treasuries.
Trade date: 28 April 2023
Security: ES
Price at opening: 4,139.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 16 May 2023
Strikes: 4140 / 4190
Opening Spread: 23.75
Trade date: 28 April 2023
Security: ZB
Price at opening: 130.90
Structure: ItM/AtM Call Debit Spread
Expiry date: 12 May 2023
Strikes: 129.5 / 131
Opening Spread: 0.91
Trade date: 28 April 2023
Security: ES
Price at opening: 4,139.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 16 May 2023
Strikes: 4140 / 4190
Opening Spread: 23.75
Trade date: 28 April 2023
Security: ZB
Price at opening: 130.90
Structure: ItM/AtM Call Debit Spread
Expiry date: 12 May 2023
Strikes: 129.5 / 131
Opening Spread: 0.91