Wednesday, June 21, 2017

Weekly Trade Summary: June 11 - June 17

No trading activity last week, just one trade expired for a small profit (June 16 expiration). The trades associated with the June 16 butterfly are shown below:
  • Original Trade Entry: April 3 - BWB on the Jun 16 expiration (post)
(click to enlarge)
  •  Adjustment: May 18 - moved upper longs on the Jun 16 expiration (post)
(click to enlarge)

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

(click to enlarge)

Total defined risk for these trades is at 23.6% of the account net liquidation value.

27 trades have been closed this year...15 wins and 12 losses. Return on the account for the year is at 2.6%...not happy with that number!  Total win rate is at 56%.  The win rate on the core trades is at 65% and at the very low end of the expected range. Not happy with the core trade win rate either!  Of the 4 open trades, 3 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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