Saturday, March 25, 2017

Weekly Trade Summary: Mar 19-Mar 25

Last week I closed a losing trade in the March 31 expiration, and tried unsuccessfully to open a new butterfly on the May 31 expiration.  Meetings and travel made entering a new trade really challenging last week.

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Original Trade Entry: Jan 24 - BWB on the March 31 expiration (see this post)
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Adjustment: Feb 13 - moved all 3 of the 2300 puts to 2285 for a $3.70 credit (see this post)
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I currently have 7 open trades, with expirations in April (3) and May (4):
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Total defined risk for these trades has decreased with the trade closed last week and is currently at 39.9% of the account net liquidation value. This risk is broken down into the following groups:

  • 12.3% of net liq - DOTM BWB - hedges
  • 27.7% of net liq - core BWB (at 75% of target size, but increasing with new trades)
15 trades have been closed this year...9 wins and 6 losses. Return on the account for the year is at 1.5%.  Total win rate is at 60%.  Win rate on core trades is at 62% and on the low side of the expected range. Of the 7 open trades, 5 are core and all core are currently up money.

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