Swing trading with Butterflies

I closed the S&P trade at a loss after it opened down today.

Trade date: 23 November 2022
Security: ES
Price at opening: 4,012.00
Structure: AtM/OtM Put Credit Spread
Expiry date: 28 November 2022
Strikes: 3985 / 4015
Opening Spread: 11.25
Close date: 28 November 2022
Trade duration: 5
Closing spread: 16.25
Profit / (Loss): -5.00
Profit / (Loss): -26.7%
 
From #320, oil closed in profit.

Trade date: 23 November 2022
Security: CL
Price at opening: 78.30
Structure: OtM Put Credit Spread
Expiry date: 02 December 2022
Strikes: 72.5 / 74
Opening Spread: 0.32
Close date: 29 November 2022
Trade duration: 6
Closing spread: 0.13
Profit / (Loss): 0.18
Profit / (Loss): 15.4%

I took a loss on RUT to turn it around following a short directional signal.

Trade date: 23 November 2022
Security: RUT
Price at opening: 1,861.00
Structure: ItM/AtM Call Debit Spread
Expiry date: 30 November 2022
Strikes: 1830 / 1860
Opening Spread: 18.96
Close date: 29 November 2022
Trade duration: 6
Closing spread: 14.88
Profit / (Loss): -4.09
Profit / (Loss): -21.5%
 
Added directionally short spreads on S&P and Russell2000 yesterday.

Trade date: 29 November 2022
Security: ES
Price at opening: 3,979.00
Structure: AtM/OtM Call Credit Spread
Expiry date: 05 December 2022
Strikes: 3980 / 4020
Opening Spread: 18.00

Trade date: 29 November 2022
Security: RUT
Price at opening: 1,841.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 05 December 2022
Strikes: 1845 / 1870
Opening Spread: 14.15

And a Call Fly on TSLA. My running average with TSLA flies hasn't been good, so hoping to redress that here.

Trade date: 29 November 2022
Security: TSLA
Price at opening: 181.8
Implied Vol 74.2%
Direction: Call
Expiry date: 02 December 2022
Strikes: 170 / 180 / 190
Structure: 1 / 2 / 1
Opening Spread: 3.01
 
Opened a long directional position on oil yesterday.

Trade date: 30 November 2022
Security: CL
Price at opening: 80.75
Structure: OtM Put Credit Spread
Expiry date: 09 December 2022
Strikes: 75.25 / 76.5
Opening Spread: 0.25

With the sudden rise in US equities yesterday, positions in #323 are all showing major unrealised losses.
 
On the wrong side of everything this week. Closed these early on turnaround signals.

Trade date: 29 November 2022
Security: ES
Price at opening: 3,979.00
Structure: AtM/OtM Call Credit Spread
Expiry date: 05 December 2022
Strikes: 3980 / 4020
Opening Spread: 18.00
Close date: 02 December 2022
Trade duration: 3
Closing spread: 34.38
Profit / (Loss): -16.38
Profit / (Loss): -74.4%

Trade date: 29 November 2022
Security: RUT
Price at opening: 1,841.00
Structure: ItM/AtM Put Debit Spread
Expiry date: 05 December 2022
Strikes: 1845 / 1870
Opening Spread: 14.15
Close date: 02 December 2022
Trade duration: 3
Closing spread: 8.39
Profit / (Loss): -5.76
Profit / (Loss): -40.7%

Closed the TSLA fly after it rose from 180 to 195 in two days.

Trade date: 29 November 2022
Security: TSLA
Price at opening: 181.8
Implied Vol 74.2%
Direction: Call
Expiry date: 02 December 2022
Strikes: 170 / 180 / 190
Structure: 1 / 2 / 1
Opening Spread: 3.01
Close date: 02 December 2022
Trade duration: 3
Closing spread: 0.95
Profit / (Loss): -2.06
Profit / (Loss): -68.4%

An expensive week.
 
Sticking with my model - which despite this week, has produced good returns thus far - I bought directional long spreads on SPX (before the sell off) and Nasdaq (after the sell off) today.

Trade date: 02 December 2022
Security: ES
Price at opening: 4,077.00
Structure: AtM/OtM Put Credit Spread
Expiry date: 07 December 2022
Strikes: 4040 / 4075
Opening Spread: 13.25

Trade date: 02 December 2022
Security: NQ
Price at opening: 11,915.00
Structure: OtM Put Credit Spread
Expiry date: 09 December 2022
Strikes: 11590 / 11650
Opening Spread: 12.25
 
Closed the oil trade (#324) at a small profit.

Trade date: 30 November 2022
Security: CL
Price at opening: 80.75
Structure: OtM Put Credit Spread
Expiry date: 09 December 2022
Strikes: 75.25 / 76.5
Opening Spread: 0.25
Close date: 05 December 2022
Trade duration: 5
Closing spread: 0.13
Profit / (Loss): 0.12
Profit / (Loss): 12.3%

After markets fell yesterday, closed the ES from Friday at a loss.

Trade date: 02 December 2022
Security: ES
Price at opening: 4,077.00
Structure: AtM/OtM Put Credit Spread
Expiry date: 07 December 2022
Strikes: 4040 / 4075
Opening Spread: 13.25
Close date: 06 December 2022
Trade duration: 4
Closing spread: 28.50
Profit / (Loss): -15.25
Profit / (Loss): -70.1%

My model is evidently not working well in the current environment. There are some great intraday opportunities, but client work is taking priority at the moment so I can't take advantage of them. I'll probably close the Nasdaq position later.

Opened another position on S&P in case I can get some directional traction.

Trade date: 06 December 2022
Security: ES
Price at opening: 4,011.00
Structure: AtM/OtM Call Credit Spread
Expiry date: 12 December 2022
Strikes: 4015 / 4050
Opening Spread: 15.00
 
Closed the Nasdaq position (#326). The first closing orders filled on Friday at 6. I had to pay 31.25 for last ones yesterday.

Trade date: 02 December 2022
Security: NQ
Price at opening: 11,915
Structure: OtM Put Credit Spread
Expiry date: 09 December 2022
Strikes: 11590 / 11650
Opening Spread: 12.25
Close date: 06 December 2022
Trade duration: 4
Closing spread: 18.63
Profit / (Loss): -6.38
Profit / (Loss): -13.4%

Closing orders on the ES position opened yesterday just closed at a much-needed profit.

Trade date: 06 December 2022
Security: ES
Price at opening: 4,011.00
Structure: AtM/OtM Call Credit Spread
Expiry date: 12 December 2022
Strikes: 4015 / 4050
Opening Spread: 15.00
Close date: 07 December 2022
Trade duration: 1
Closing spread: 3.50
Profit / (Loss): 11.50
Profit / (Loss): 57.5%

Opened a bearish position on oil today.

Trade date: 07 December 2022
Security: CL
Price at opening: 74.15
Structure: OtM Call Credit Spread
Expiry date: 15 December 2022
Strikes: 78 / 79
Opening Spread: 0.20
 
Another small profit on the OtM oil position opened on Wednesday.

Trade date: 07 December 2022
Security: CL
Price at opening: 74.15
Structure: OtM Call Credit Spread
Expiry date: 15 December 2022
Strikes: 78 / 79
Opening Spread: 0.20
Close date: 09 December 2022
Trade duration: 2
Closing spread: 0.09
Profit / (Loss): 0.11
Profit / (Loss): 13.8%
 
My model isn't producing any decent butterfly trades so continuing with vertical swing trades for now. Opened this before US open.

Trade date: 13 December 2022
Security: ES
Price at opening: 4,031.00
Structure: AtM/OtM Put Credit Spread
Expiry date: 19 December 2022
Strikes: 3950 / 4030
Opening Spread: 31.75
 
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