Swing trading with Butterflies

The SPX fly closed in profit. TSLA is also partially closed. It feels like GOOGL will close at a loss later today.

Trade date: 09 March 2022
Security: SPX
Price at opening: 4245
Direction: Put
Expiry date: 11 March 2022
Strikes: 4120 / 4165 / 4255
Structure: 2 / 3 / 1
Opening Spread: 12.10
Close date: 10 March 2022
Trade duration: 1
Closing spread: 17.30
Profit / (Loss): 5.20
Profit / (Loss): 43.0%

Opened more flies for expiry on Monday.

Trade date: 10 March 2022
Security: ES
Price at opening: 4245
Direction: Put
Expiry date: 14 March 2022
Strikes: 4210 / 4160 / 4240
Structure: 2 / 3 / 1
Opening Spread: 10.95

Trade date: 10 March 2022
Security: RUT
Price at opening: 1990
Direction: Put
Expiry date: 14 March 2022
Strikes: 1925 / 1945 / 1985
Structure: 2 / 3 / 1
Opening Spread: 5.50
 
The GOOGL fly from #179 expired at a 100% loss on Friday.

The remaining closing orders on the TSLA fly from #179 filled so that the position closed at a small profit.

Trade date: 08 March 2022
Security: TSLA
Price at opening: 833
Direction: Put
Expiry date: 11 March 2022
Strikes: 745 / 765 / 805
Structure: 2 / 3 / 1
Opening Spread: 5.00
Close date: 11 March 2022
Trade duration: 3
Closing spread: 5.43
Profit / (Loss): 0.43
Profit / (Loss): 8.5%

Closing orders on put flies on the indicies from Thursday all filled on Friday, at a profit.

Trade date: 10 March 2022
Security: ES
Price at opening: 4244
Direction: Put
Expiry date: 14 March 2022
Strikes: 4120 / 4160 / 4240
Structure: 2 / 3 / 1
Opening Spread: 10.95
Close date: 11 March 2022
Trade duration: 1
Closing spread: 14.05
Profit / (Loss): 3.10
Profit / (Loss): 28.3%

Trade date: 10 March 2022
Security: RUT
Price at opening: 3980
Direction: Put
Expiry date: 14 March 2022
Strikes: 1925 / 1945 / 1985
Structure: 2 / 3 / 1
Opening Spread: 5.50
Close date: 11 March 2022
Trade duration: 1
Closing spread: 6.65
Profit / (Loss): 1.15
Profit / (Loss): 20.9%
 
A summary of the the last 75 trades (most of which are on here):

Win rate was 84.0%.
Average profit was 23.9%.
Average loss was 70.8%.
Net / aggregate profit was 9.2%.
Average duration was 0.9 days
Sharpe was 30.4%

upload_2022-3-16_12-20-3.png
 
Opened some put flies yesterday.

In two cases my model favoured 121 structure rather than more usual (for me) 231.

Trade date: 15 March 2022
Security: SPX
Price at opening: 4232
Direction: Put
Expiry date: 18 March 2022
Strikes: 4090 / 4140 / 4190
Structure: 1 / 2 / 1
Opening Spread: 4.85

Trade date: 15 March 2022
Security: RUT
Price at opening: 1954
Direction: Put
Expiry date: 18 March 2022
Strikes: 1890 / 1910 / 1950
Structure: 2 / 3 / 1
Opening Spread: 5.50

Trade date: 15 March 2022
Security: TSLA
Price at opening: 800
Direction: Put
Expiry date: 18 March 2022
Strikes: 745 / 765 / 785
Structure: 1 / 2 / 1
Opening Spread: 2.04
 
Everything rose strongly yesterday, so I'm expecting some losing trades tomorrow, but just added S&P flies for expiry on Monday.

Trade date: 17 March 2022
Security: SPX
Price at opening: 4392
Direction: Put
Expiry date: 21 March 2022
Strikes: 4295 / 4330 / 4365
Structure: 1 / 2 / 1
Opening Spread: 3.25
 
Four trades with 100% loss in each case! The three positions from post #184 that expired on Friday and the SPX fly that expired yesterday.

Coincidentally, another project is taking up a lot of time, making it difficult for me to get these trade set-ups, put the trades on, work out the closing orders and place them, and then report here, so for the foreseeable future there will be fewer trades for me.
 
Only two trades in the last couple of weeks but both profitable.

Trade date: 31 March 2022
Security: SPX
Price at opening: 4589
Direction: Put
Expiry date: 04 April 2022
Strikes: 4515 / 4540 / 4590
Structure: 2 / 3 / 1
Opening Spread: 6.80
Close date: 31 March 2022
Trade duration: 0
Closing spread: 10.00
Profit / (Loss): 3.20
Profit / (Loss): 47.1%

Trade date: 06 April 2022
Security: SPX
Price at opening: 4481
Direction: Put
Expiry date: 11 April 2022
Strikes: 4380 / 4410 / 4470
Structure: 2 / 3 / 1
Opening Spread: 8.25
Close date: 07 April 2022
Trade duration: 1
Closing spread: 11.00
Profit / (Loss): 2.75
Profit / (Loss): 33.3%

Away on holiday for a couple of weeks so won't be reporting much.
 
Just one fly trade this week.

Trade date: 19 April 2022
Security: SPX
Price at opening: 4419
Direction: Put
Expiry date: 22 April 2022
Strikes: 4325 / 4355 / 4415
Structure: 2 / 3 / 1
Opening Spread: 6.90
Close date: 21 April 2022
Trade duration: 2
Closing spread: 9.35
Profit / (Loss): 2.45
Profit / (Loss): 35.5%
 
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