Friday, June 30, 2017

Weekly Trade Summary: June 25 - July 1

Last week I entered one SPX broken wing butterfly (BWB) on the Sep 15 expiration, and expired my BWB on the June 30 expiration for a profit. The new trade, and the details of the expired trade are shown below:

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  • Original Trade Entry: April 18 - BWB on the June 30 expiration (post)
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  • Adjustment: May 18 - moved some upper longs on the June 30 expiration (post)
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I currently have 5 open trades, with expirations in July (2), Aug (2), and Sep (1):

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Total defined risk for these trades had dropped to 28.5% of the account net liquidation value.

28 trades have been closed this year...16 wins and 12 losses. Return on the account for the year is at 2.9%...not happy with that number!  Total win rate is at 57%. The win rate on the core trades is at 67% and creeping up. Not happy with the core trade win rate. Of the 5 open trades, 4 currently have a positive P&L.

Broken wing butterflies are really struggling lately and not performing as well as last year. I am digging into the iron condor backtest results a bit more right now to see how well they have performed in 2017.

I will be out of the country over the next two weeks, and don't anticipate making any trades or adjustments...but we'll see!

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