Swing trading with Butterflies

Opening orders for a Calendar Put filled:

Trade date: 24 October 2022
Security: NDX
Price at opening: 11324.1
Direction: Put
Expiry date (short side): 28 October 2022
Implied Vol (short side) 41.8%
Expiry date (long side): 31 October 2022
Implied Vol (long side) 35.2%
Strikes: 11350
Opening Spread: 20.6
 
One of the hazards of swing trading using my methodology and timeframes is occasional whipsaws giving reversals in close succession. Closed from #279 and #280:

Trade date: 21 October 2022
Security: CL
Price at opening: 83.7
Structure: AtM/OtM Put Credit Spread
Expiry date: 28 October 2022
Strikes: 81.25 / 83.5
Opening Spread: 0.91
Close date: 25 October 2022
Trade duration: 4
Closing spread: 0.74
Profit / (Loss): 0.17
Profit / (Loss): 12.7%

Trade date: 24 October 2022
Security: ES
Price at opening: 3,782.0
Structure: AtM/OtM Call Credit Spread
Expiry date: 28 October 2022
Strikes: 3785 / 3840
Opening Spread: 23.25
Close date: 25 October 2022
Trade duration: 1
Closing spread: 25.00
Profit / (Loss): -1.75
Profit / (Loss): -5.5%

Security: RUT
Price at opening: 1,734.0
Structure: AtM/ItM Put Debit Spread
Expiry date: 31 October 2022
Strikes: 1735 / 1770
Opening Spread: 20.30
Close date: 25 October 2022
Trade duration: 1
Closing spread: 11.20
Profit / (Loss): -9.10
Profit / (Loss): -44.8%

And...
 
Last edited:
...Turned them around by opening these positions:

Trade date: 25 October 2022
Security: CL
Price at opening: 84.20
Structure: AtM/OtM Call Credit Spread
Expiry date: 28 October 2022
Strikes: 84.25 / 86
Opening Spread: 0.72

Trade date: 25 October 2022
Security: ES
Price at opening: 3,794.0
Structure: AtM/OtM Put Credit Spread
Expiry date: 31 October 2022
Strikes: 3740 / 3795
Opening Spread: 21.50

Trade date: 25 October 2022
Security: RUT
Price at opening: 1,791.0
Structure: AtM/ItM Call Debit Spread
Expiry date: 31 October 2022
Strikes: 1760 / 1790
Opening Spread: 17.50
 
Oil rose this week pushing the Call Spread into a loss, which I closed.

Trade date: 25 October 2022
Security: CL
Price at opening: 84.20
Structure: AtM/OtM Call Credit Spread
Expiry date: 28 October 2022
Strikes: 84.25 / 86
Opening Spread: 0.72
Close date: 27 October 2022
Trade duration: 2
Closing spread: 1.61
Profit / (Loss): -0.89
Profit / (Loss): -86.4%

Opened a Put spread further out:

Trade date: 27 October 2022
Security: CL
Price at opening: 88.8
Structure: OtM Put Credit Spread
Expiry date: 04 November 2022
Strikes: 83.75 / 84.75
Opening Spread: 0.23
 
The Nasdaq Calendar from Monday (#281) just closed. There is plenty more profit to come in this trade today (Its 11,320 right now), but I'm very satisfied to have achieved my target profit on this.

Trade date: 24 October 2022
Security: NDX
Price at opening: 11324.1
Direction: Put
Expiry date (short side): 28 October 2022
Implied Vol (short side) 41.8%
Expiry date (long side): 31 October 2022
Implied Vol (long side) 35.2%
Strikes: 11350
Opening Spread: 20.61
Close date: 28 October 2022
Trade duration: 4
Closing spread: 39.00
Profit / (Loss): 18.39
Profit / (Loss): 89.2%
 
Remaining directional swing trades (#283) closed in profit.

Trade date: 25 October 2022
Security: ES
Price at opening: 3,794.0
Structure: AtM/OtM Put Credit Spread
Expiry date: 31 October 2022
Strikes: 3740 / 3795
Opening Spread: 21.50
Close date: 28 October 2022
Trade duration: 3
Closing spread: 5.50
Profit / (Loss): 16.00
Profit / (Loss): 47.8%

Trade date: 25 October 2022
Security: RUT
Price at opening: 1,791.0
Structure: AtM/ItM Call Debit Spread
Expiry date: 31 October 2022
Strikes: 1760 / 1790
Opening Spread: 17.50
Close date: 28 October 2022
Trade duration: 3
Closing spread: 27.50
Profit / (Loss): 10.00
Profit / (Loss): 57.1%

Both of these were in loss at yesterday close, so a lumpy week, but eventually a good week.
 
Opened a short directional position on Nasdaq:

Trade date: 28 October 2022
Security: NQ
Price at opening: 11,475.0
Structure: OtM Call Credit Spread
Expiry date: 02 November 2022
Strikes: 11720 / 11790
Opening Spread: 15.63
 
Following the short signal on Nasdaq, got a confirmation for S&P500, so opened a credit spread to take advantage of any softening this week.

Trade date: 31 October 2022
Security: ES
Price at opening: 3,884.0
Structure: AtM/OtM Call Credit Spread
Expiry date: 04 November 2022
Strikes: 3885 / 3940
Opening Spread: 23.00
 
Happy to take a smaller profit than usual on this (#287) ahead of Fed announcement tomorrow.

Trade date: 28 October 2022
Security: NQ
Price at opening: 11,475.0
Structure: OtM Call Credit Spread
Expiry date: 02 November 2022
Strikes: 11720 / 11790
Opening Spread: 15.63
Close date: 01 November 2022
Trade duration: 4
Closing spread: 6.75
Profit / (Loss): 8.88
Profit / (Loss): 16.3%
 
Oil spreads (#284) closed in profit.

Trade date: 27 October 2022
Security: CL
Price at opening: 88.8
Structure: OtM Put Credit Spread
Expiry date: 04 November 2022
Strikes: 83.75 / 84.75
Opening Spread: 0.23
Close date: 02 November 2022
Trade duration: 6
Closing spread: 0.05
Profit / (Loss): 0.18
Profit / (Loss): 23.4%

Work commitments are keeping me from scanning, identifying, analysing and entering opening orders for other trading opportunities this week unfortunately.
 
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