Monday, May 29, 2017

Weekly Trade Summary: May 21 - May 27

Last week I closed for a loss, the June 23 butterfly that I had adjusted twice. The snap back rally after the May 17 drop was going to require a third upside adjustment to this trade last week. I decided to not fight this position any longer, with one month remaining until expiration. My trade activity is shown below:

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The trades associated with the June 23 butterfly are shown below:
  • Original Trade Entry: April 21 - BWB on the Jun 23 expiration (post)
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  • Adjustment: April 25 - added a second BWB on the Jun 23 expiration (post)
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  • Adjustment: May 10 - adjustment on first BWB on the Jun 23 expiration (post)
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I currently have 6 open trades, with expirations in June (2), and July (4):

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Total defined risk for these trades is at 42.2% of the account net liquidation value.

24 trades have been closed this year...14 wins and 10 losses. Return on the account for the year is at 3.28%.  Total win rate is at 58%.  The win rate on the core trades is at 70% and at the low end of the expected range. Of the 6 open trades, only 2 currently have a positive P&L.

Next week I may enter trades on the July 31, August 4, and August 18 expirations. If the SPX continues running up, I may adjust trades 27, 28, 29, and 30 in the table above.

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