Saturday, June 10, 2017

Weekly Trade Summary: June 04 - June 10

Last week I entered one, reduced size, SPX broken wing butterfly (BWB) on the Aug 11 expiration. This trade is shown below:

(click to enlarge)

I currently have 5 open trades, with expirations in June (2), July (2), and Aug(1):

(click to enlarge)

Total defined risk for these trades is at 31.9% of the account net liquidation value.

26 trades have been closed this year...14 wins and 12 losses. Return on the account for the year is at 2.4%...not happy with that number!  Total win rate is at 54%.  The win rate on the core trades is at 64% and at the very low end of the expected range. Not happy with the core trade win rate either!  Of the 5 open trades, 2 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I will be digging into the iron condor backtest results a bit more over the next few weeks to see how well they have performed in 2017.

Next week I will adjust the upside long puts on the two July expiration trades, and will likely add another BWB.

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