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Saturday, July 22, 2017

Weekly Trade Summary: July 16 - July 22

I had a number of adjustments last week, as well as a new trade (that ended up getting split across two days), and two expired trades.  I was a bit late in adjusting because I was on vacation...I chose to not login and check my trades while on vacation and figured that worst case those trades would end up being small losses.  Details of last week's trading below:

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The details of the expired trades are shown below...both of these trades expired for small losses. Totally my fault since I failed to watch and adjust these trades (work and vacation!):
  • Original Trade Entry: May 12 - BWB on the Jul 21 expiration (post)
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  • Adjustment: June 21 - moved some upper longs on the Jul 21 expiration (post)
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  • Original Trade Entry: May 18 - BWB on the Jul 21 expiration (post)
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  • Adjustment: June 21 - moved some upper longs on the Jul 21 expiration (post)
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The details of the adjusted trades are shown below:
  • Original Trade Entry: June 8 - BWB on the Aug 11 expiration (post)
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  • Original Trade Entry: June 21 - BWB on the Aug 31 expiration (post)
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  • Original Trade Entry: June 27 - BWB on the Sep 15 expiration (post)
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I currently have 5 open trades, with expirations in Aug (2), and Sep (3):

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Total defined risk for these trades had dropped to 24.4% of the account net liquidation value.

30 trades have been closed this year...16 wins and 14 losses. Return on the account for the year is at 2.7%...not happy with that number!  Total win rate is at 53%. The win rate on the core trades is at 62%. Not happy with the core trade win rate. Of the 5 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 am digging into the iron condor backtest results a bit more right now to see how well they have performed in 2017. My IC research has been on hold for about one month now due to vacation and work.


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Weekly Trade Summary: July 2 - July 15 (vacation!)

I was out of the country on vacation during this two week period and did not enter or adjust my existing trades.




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