Swing trading with Butterflies

The Nasdaq fly (#339) closed at market open today, which was fortunate as Nasdaq rose 2% shortly afterwards.

Trade date: 03 January 2023
Security: NQ
Price at opening: 10,810.6
Implied Vol: 35.6%
Direction: PUT
Expiry date: 06 January 2023
Strikes: 10525 / 10800 / 11075
Structure: 1 / 2 / 1
Opening Spread: 72.00
Close date: 06 January 2023
Trade duration: 2
Closing spread: 108.00
Profit / (Loss): 36.00
Profit / (Loss): 50.0%

nb S&P500 also rose c.2% today so the ES Fly is underwater.
 
Opened a calendar position on Nasdaq today. First Calendar spread since October.

Trade date: 09 January 2023
Security: NDX
Price at opening: 11171.7
Direction: Put
Expiry date (short side): 13 January 2023
Implied Vol (short side) 37.5%
Expiry date (long side): 17 January 2023
Implied Vol (long side) 28.6%
Strikes: 11270
Opening Spread: 11.44
 
I had a target exit at 34 on the Nasdaq calendar. As Nasdaq rose on open today, I brought closing orders in and still took a decent profit.

Trade date: 09 January 2023
Security: NDX
Price at opening: 11171.7
Direction: Put
Expiry date (short side): 13 January 2023
Implied Vol (short side) 37.5%
Expiry date (long side): 17 January 2023
Implied Vol (long side) 28.6%
Strikes: 11270
Opening Spread: 11.44
Close date: 13 January 2023
Trade duration: 4
Closing spread: 25.30
Profit / (Loss): 13.86
Profit / (Loss): 121.2%
 
Not the greatest set-up but opened a fly on Nasdaq.

Trade date: 17 January 2023
Security: NQ
Price at opening: 11,596.0
Implied Vol: 22.3%
Direction: PUT
Expiry date: 20 January 2023
Strikes: 11400 / 11600 / 11800
Structure: 1 / 2 / 1
Opening Spread: 59.50
 
With Nasdaq below the body yesterday, I decided to close the fly at a loss, rather than let it run.

Trade date: 17 January 2023
Security: NQ
Price at opening: 11,596.0
Implied Vol: 22.3%
Direction: PUT
Expiry date: 20 January 2023
Strikes: 11400 / 11600 / 11800
Structure: 1 / 2 / 1
Opening Spread: 59.50
Close date: 19 January 2023
Trade duration: 2
Closing spread: 37.8
Profit / (Loss): (21.8)
Profit / (Loss): -36.6%

I'll probably put on some vertical spreads later today, but might not be able to add them to the journal today.
 
Made a small profit on Nasdaq yesterday. BtC orders filled same day.

Trade date: 24 January 2023
Security: NQ
Price at opening: 11,834.00
Structure: OtM Put Credit Spread
Expiry date: 30 January 2023
Strikes: 11610 / 11660
Opening Spread: 9.75
Close date: 24 January 2023
Trade duration: 0
Closing spread: 7.75
Profit / (Loss): 2.00
Profit / (Loss): 5.0%
 
Opened a couple of verticals yesterday in Russell2000 and cable.

Trade date: 30 January 2023
Security: RUT
Price at opening: 1,905.00
Structure: ItM/AtM Call Debit Spread
Expiry date: 03 February 2023
Strikes: 1865 / 1910
Opening Spread: 27.90

Trade date: 30 January 2023
Security: GBP
Price at opening: 1.2392
Direction: OtM Put Credit Spread
Expiry date: 03 February 2023
Strikes: 1.2275 / 1.2375
Opening Spread: 0.0036
 
Change of direction on GBPUSD for me so I took this off earlier today at a loss.

Trade date: 30 January 2023
Security: GBP
Price at opening: 1.2392
Direction: OtM Put Credit Spread
Expiry date: 03 February 2023
Strikes: 1.2275 / 1.2375
Opening Spread: 0.0036
Close date: 31 January 2023
Trade duration: 1
Closing spread: 0.0055
Profit / (Loss) -0.0019
Profit / (Loss) -29.7%

But added a fly position on Nasdaq, expiring on Friday.

Trade date: 31 January 2023
Security: NQ
Price at opening: 12,060.8
Implied Vol: 42.2%
Direction: PUT
Expiry date: 03 February 2023
Strikes: 11700 / 12050 / 12400
Structure: 1 / 2 / 1
Opening Spread: 91.00
 
Closing orders for the Russell2000 spread filled today in profit.

Trade date: 30 January 2023
Security: RUT
Price at opening: 1,905.00
Structure: ItM/AtM Call Debit Spread
Expiry date: 03 February 2023
Strikes: 1865 / 1910
Opening Spread: 27.90
Close date: 01 February 2023
Trade duration: 2
Closing spread: 40.50
Profit / (Loss): 12.60
Profit / (Loss): 45.2%
 
Added a 121 Fly on Russell 2000 early today for expiry on Friday.

Trade date: 01 February 2023
Security: RUT
Price at opening: 1,921.9
Implied Vol: 41.0%
Direction: PUT
Expiry date: 03 February 2023
Strikes: 1870 / 1920 / 1970
Structure: 1 / 2 / 1
Opening Spread: 14.10
 
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