Nasdaq has fallen 250 points so I'll revisit this tomorrow and probably close it early.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Swing trading with Butterflies
- Thread starter Global OptionsTrades
- Start date
Opened a short position on SPX - not directionally-driven.
Trade date: 23 November 2021
Security: SPX
Price at opening: 4699
Direction: Put
Expiry date: 26 November 2021
Strikes: 4605 / 4630 / 4655
Structure: 1 / 2 / 1
Opening Spread: 2.20
nb The Nasdaq position opened yesterday is almost worthless today, so it can remain open in case of an unexpected rally tomorrow.
Trade date: 23 November 2021
Security: SPX
Price at opening: 4699
Direction: Put
Expiry date: 26 November 2021
Strikes: 4605 / 4630 / 4655
Structure: 1 / 2 / 1
Opening Spread: 2.20
nb The Nasdaq position opened yesterday is almost worthless today, so it can remain open in case of an unexpected rally tomorrow.
Predictably, given that it was the first trade that I've published, the NDX spread looks like it will expire for nothing, or a total loss.
The S&P500 put fly closed earlier today at a comfortable profit, given that it was opened yesterday.
Trade date: 23 November 2021
Security: SPX
Price at opening: 4699
Direction: Put
Expiry date: 26 November 2021
Strikes: 4605 / 4630 / 4655
Structure: 1 / 2 / 1
Opening Spread: 2.20
Close date: 24 November 2021
Trade duration: 1
Closing spread: 2.95
Profit / (Loss): 0.75
Profit / (Loss): 34.1%
The S&P500 put fly closed earlier today at a comfortable profit, given that it was opened yesterday.
Trade date: 23 November 2021
Security: SPX
Price at opening: 4699
Direction: Put
Expiry date: 26 November 2021
Strikes: 4605 / 4630 / 4655
Structure: 1 / 2 / 1
Opening Spread: 2.20
Close date: 24 November 2021
Trade duration: 1
Closing spread: 2.95
Profit / (Loss): 0.75
Profit / (Loss): 34.1%
A couple of directionally-driven trades today, per the thread title.
Trade date: 29 November 2021
Security: RUT
Price at opening: 2244
Direction: Put
Expiry date: 01 December 2021
Strikes: 2175 / 2215 / 2255
Structure: 1 / 2 / 1
Opening Spread: 7.5
Trade date: 29 November 2021
Security: SPX
Price at opening: 4623
Direction: Put
Expiry date: 01 December 2021
Strikes: 4540 / 4858 / 4630
Structure: 1 / 2 / 1
Opening Spread: 5.6
Trade date: 29 November 2021
Security: RUT
Price at opening: 2244
Direction: Put
Expiry date: 01 December 2021
Strikes: 2175 / 2215 / 2255
Structure: 1 / 2 / 1
Opening Spread: 7.5
Trade date: 29 November 2021
Security: SPX
Price at opening: 4623
Direction: Put
Expiry date: 01 December 2021
Strikes: 4540 / 4858 / 4630
Structure: 1 / 2 / 1
Opening Spread: 5.6
The RUT position closed in profit yesterday.
Trade date: 29 November 2021
Security: RUT
Price at opening: 2244
Direction: Put
Expiry date: 01 December 2021
Strikes: 2175 / 2215 / 2255
Structure: 1 / 2 / 1
Opening Spread: 7.50
Close date: 29 November 2021
Trade duration: 0
Closing spread: 8.75
Profit / (Loss): 1.25
Profit / (Loss): 16.7%
Trade date: 29 November 2021
Security: RUT
Price at opening: 2244
Direction: Put
Expiry date: 01 December 2021
Strikes: 2175 / 2215 / 2255
Structure: 1 / 2 / 1
Opening Spread: 7.50
Close date: 29 November 2021
Trade duration: 0
Closing spread: 8.75
Profit / (Loss): 1.25
Profit / (Loss): 16.7%
Do you have a view in vol when you open your positions?
I have learned that I do not have sufficient aptitude to predict movement in vol - and take my hat off to those that can - but I have a range in mind that I expect vol to remain within.
Closed the S&P500 Put Fly from yesterday at a profit.
Trade date: 29 November 2021
Security: SPX
Price at opening: 4623
Direction: Put
Expiry date: 01 December 2021
Strikes: 4540 / 4858 / 4630
Structure: 1 / 2 / 1
Opening Spread: 5.60
Close date: 30 November 2021
Trade duration: 1
Closing spread: 7.45
Profit / (Loss): 1.85
Profit / (Loss): 33.0%
Trade date: 29 November 2021
Security: SPX
Price at opening: 4623
Direction: Put
Expiry date: 01 December 2021
Strikes: 4540 / 4858 / 4630
Structure: 1 / 2 / 1
Opening Spread: 5.60
Close date: 30 November 2021
Trade duration: 1
Closing spread: 7.45
Profit / (Loss): 1.85
Profit / (Loss): 33.0%
..and opened another for expiring on Friday.
Trade date: 30 November 2021
Security: SPX
Price at opening: 4573
Direction: Put
Expiry date: 03 December 2021
Strikes: 4455 / 4495 / 4575
Structure: 2 / 3 / 1
Opening Spread: 9.75
Trade date: 30 November 2021
Security: SPX
Price at opening: 4573
Direction: Put
Expiry date: 03 December 2021
Strikes: 4455 / 4495 / 4575
Structure: 2 / 3 / 1
Opening Spread: 9.75
Opened a Put Fly on Nasdaq. This wasn't a directional trade.
Trade date: 01 December 2021
Security NQ
Price at opening: 16354
Direction: Put
Expiry date: 03 December 2021
Strikes: 16050 / 16160 / 16380
Structure: 2 / 3 / 1
Opening Spread: 25.20
I'll be travelling all day on Friday, so need to close this tomorrow if my closing orders are not filled.
Trade date: 01 December 2021
Security NQ
Price at opening: 16354
Direction: Put
Expiry date: 03 December 2021
Strikes: 16050 / 16160 / 16380
Structure: 2 / 3 / 1
Opening Spread: 25.20
I'll be travelling all day on Friday, so need to close this tomorrow if my closing orders are not filled.