Swing trading with Butterflies

The Russell 2000 had a relatively uneventful week so far, closing today just beneath the body of this trade so the Call position from Monday closed in profit earlier today.

Trade date: 09 August 2021
Security: RUT
Price at opening: 2247
Direction: Call
Expiry date: 11 August 2021
Strikes: 2210 / 2260 / 2285
Structure: 1 / 3 / 2
Opening Spread: 15.90
Close date: 11 August 2021
Trade duration: 2
Closing spread: 24.00
Profit / (Loss) 8.10
Profit / (Loss) 50.9%
 
Global OptionsTrades said:
The Russell 2000 had a relatively uneventful week so far, closing today just beneath the body of this trade so the Call position from Monday closed in profit earlier today.

Trade date: 09 August 2021
Security: RUT
Price at opening: 2247
Direction: Call
Expiry date: 11 August 2021
Strikes: 2210 / 2260 / 2285
Structure: 1 / 3 / 2
Opening Spread: 15.90
Close date: 11 August 2021
Trade duration: 2
Closing spread: 24.00
Profit / (Loss) 8.10
Profit / (Loss) 50.9%
More...

when does the Russell ever have an eventful week? The $222 triplicity-two body sale has been the terminal pin for the last few months.
 
A disastrous end to the week!

Netflix was OtM all week, then rose on Friday sufficiently for me to bring closing orders down and recapture most of my money. This was luck rather than good trading.

Nasdaq moved in the right direction initially, with first closing orders filled same day (per post #30), then moved away.

DAX was a speculative trade following the sell off in July, so was always going to be binary in outcome. As markets obviously recovered since, I probably should have closed this one earlier at a lower loss.

Trade date: 19 July 2021
Security: DAX
Price at opening: 15220
Direction: Put
Expiry date: 13 August 2021
Strikes: 14650 / 15000 / 15350
Structure: 1 / 2 / 1
Opening Spread: 45.42
Close date: 13 August 2021
Trade duration: 25
Closing spread: 0.00
Profit / (Loss): -45.42
Profit / (Loss): -100.0%

Trade date: 06 August 2021
Security: NFLX
Price at opening: 523
Direction: Call
Expiry date: 13 August 2021
Strikes: 512.5 / 527.5 / 535
Structure: 1 / 3 / 2
Opening Spread: 4.71
Close date: 13 August 2021
Trade duration: 7
Closing spread: 4.48
Profit / (Loss): -0.23
Profit / (Loss): -4.9%

Trade date: 11 August 2021
Security: NDX
Price at opening: 15066
Direction: Put
Expiry date: 13 August 2021
Strikes: 14830 / 15010 / 15100
Structure: 1 / 3 / 2
Opening Spread: 53.45
Close date: 13 August 2021
Trade duration: 2
Closing spread: 31.00
Profit / (Loss): -22.45
Profit / (Loss): -42.0%

Trade date: 11 August 2021
Security: ADBE
Price at opening: 623
Direction: Put
Expiry date: 13 August 2021
Strikes: 615 / 620 / 630
Structure: 2 / 3 / 1
Opening Spread: 3.19
Close date: 13 August 2021
Trade duration: 2
Closing spread: 0.00
Profit / (Loss): -3.19
Profit / (Loss): -100.0%
 
A little frustrating, but I've not traded RUT put flies last week and this week to avoid going overweight RUT on the short side given existing put fly expiring on Friday (#8). With the benefit of hindsight both would have closed at a profit.

Ignored that concern and popped a short position on FTSE with this today:

Trade date: 17 August 2021
Security: FTSE
Price at opening: 7136
Direction: Put
Expiry date: 20 August 2021
Strikes: 7050 / 7100 / 7200
Structure: 2 / 3 / 1
Opening Spread: 24.10

This is in addition to the highly speculative existing short FTSE position (#18)
 
Placed a trade on DAX yesterday:

Trade date: 18 August 2021
Security: DAX
Price at opening: 15903
Direction: Put
Expiry date: 20 August 2021
Strikes: 15700 / 15800 / 15900
Structure: 1 / 2 / 1
Opening Spread: 16.50

Both the FTSE trade (#36) and this one have been partially closed with initial outlay returned so remaining position is 'free'. I'll put closing details on here once the positions have fully closed.
 
RUT Put Fly from end of July filled on opening today, at a nice profit. I need a few more like this to offset some of the total losses reported already.

Trade date: 26 July 2021
Security: RUT
Price at opening: 2214
Direction: Put
Expiry date: 19 August 2021
Strikes: 2050 / 2100 / 2150
Structure: 1 / 2 / 1
Opening Spread: 3.90
Close date: 19 August 2021
Trade duration: 24
Closing spread: 14.25
Profit / (Loss): 10.35
Profit / (Loss): 265.4%
 
A couple of expiries in UK and German markets today.

The speculative 6775/6800/6825 FTSE Put Fly (#18) closed OtM for a total loss.

FTSE and DAX flies put on this week closed at a profit.

Trade date: 17 August 2021
Security: FTSE
Price at opening: 7136
Direction: Put
Expiry date: 20 August 2021
Strikes: 7050 / 7100 / 7200
Structure: 2 / 3 / 1
Opening Spread: 24.10
Close date: 18 August 2021
Trade duration: 1
Closing spread: 30.40
Profit / (Loss): 6.30
Profit / (Loss): 26.1%

Trade date: 18 August 2021
Security: DAX
Price at opening: 15903
Direction: Put
Expiry date: 20 August 2021
Strikes: 15700 / 15800 / 15900
Structure: 1 / 2 / 1
Opening Spread: 16.50
Close date: 20 August 2021
Trade duration: 2
Closing spread: 22.10
Profit / (Loss): 5.60
Profit / (Loss): 33.9%
 
I generally don't make adjustments but oil dropped faster than I had anticipated so I've rolled the Put fly expiring next week down, and crystallised a profit on the first trade.

Trade date: 11 August 2021
Security: CL
Price at opening: 66.94
Direction: Put
Expiry date: 27 August 2021
Strikes: 62 / 65 / 67.75
Structure: 1 / 2 / 1
Opening Spread: 0.42
Close date: 20 August 2021
Trade duration: 9
Closing spread: 0.72
Profit / (Loss): 0.30
Profit / (Loss): 71.4%

It has been replaced with this:

Trade date: 20 August 2021
Security: CL
Price at opening: 63.34
Direction: Put
Expiry date: 27 August 2021
Strikes: 61 / 63 / 66
Structure: 1 / 2 / 1
Opening Spread: 1.03
 
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