Category: Closed Trades with results (loss) or gain



Out all $SPY Mar16 155 puts @ 4.60 from yesterday. We also sold the 2 already had from earlier starter position.

Missed selling at lows, due to stupid errands. Market moved too fucking fast! Still a cool profit around $800 overnight though.

Trade details later.

**************************************************************************************************************************************************************************************************************************************

Trade details as promised earlier today:

03/01/13 Sold to Close -10   SPY Mar 16 2013 155.00 Put $4.60 $4,589.05

So what was our total profit on this play?

If you refer back to our original opening post https://3ddhedgeinvestments.wordpress.com/2013/02/28/updateexecuted-spy-mar16-155-puts-3-51-limit-detailsexplanation-why-straight-puts-spx-vix/

The total net averaged down cost from our 2 starter puts, and 8 final puts added 2/28 was 3.87 per contract.

10 contracts at an average of 3.87 is $3870 Cost

and sold 10 contracts at 4.60 or $4600 Credit = 4600-3870=$730 Profit

I only guessed at a round about figure of $800 profit today, but $730 is close enough for me!

It was a great way to average down a troubled starter position, and make profitable.


THE EXIT OF THIS TRADE WAS TWEETED ON THE RELEVANT EXPIRY DAY, WE EXITED THE CALL SIDE SHORT 250 AT .05 DEBIT IN THE 1ST EXIT TRANSACTION. SHORTLY AFTERWARDS WE DECIDED TO EXIT THE SHORT PUT SIDE 250 AT 2.00 DEBIT.

THE TOTAL TAKE ON THE TIMELY TWEETED TRADE WAS 3.75 CREDIT -2.05 BUY TO CLOSE = 1.70 PROFIT PER LOT.

WE HAD 5 LOTS WHICH EQUALED 170 PROFIT PER LOT X 5 OR $850 PROFIT

WEEKLY PROFIT WAS 850 PROFIT / MAX 625 AT RISK = 136% RETURN

*************************************************************************************************************************************************************************************************************************************

WE DIDNT BLOG THIS IRON BUTTERFLY TRADE ON 12/11 DUE TO IT BEING AN EXPERIMENTAL AMZN 250 DEC14 PIN PLAY. WE DID HOWEVER RELEASE IT ON THE TWITTER STREAM, FOLLOW ME FOR ANY TRADES GOING FORTH @CREDITSPREAD23.

SO FAR 250 PIN SEEMS AN EXTREMELY GOOD SHOT RIGHT NOW, AND WATCHING IT LIKE A HAWK TODAY.

OUR MAX LOSS ON THE SPREAD IF LEFT UNADJUSTED WOULD HAVE BEEN 5 WIDE- 3.75 CREDIT = 1.25 MAX LOSS

HAD OR IF THE POSITION GETS INTO TROUBLE, WE WILL ROLL ADJUST THE LOSING LEG, AND LET THE OTHER EXPIRE.

THIS WAS A DECENT THETA DECAY OPPORTUNITY DUE TO AMZN NOTORIOUS PIN ACTION OVER TIME.

YOU CAN FOLLOW FOR FREE ITS PIN PREDICTIONS HERE http://www.optionpain.com/WeeklyPain/Weekly-Pain.php

THAT IS A SUBSCRIPTION SERVICE, BUT THEY GIVE AMZN WEEKLY PINS ALL THE TIME AS AN ENTICEMENT TO JOIN.

JUST MAKE SURE YOU USE THE DROPDOWN MENU AND PUT ON THE APPROPRIATE WEEK, ALTHOUGH THE WEEK OF DEC14 NO LONGER SHOWS AS TODAY IS THE DAY OF EXPIRY.

THE TARGET AREA OF PROFIT ON THIS IS AS FOLLOWS

BREAKEVEN POINTS WERE 246.25 AND 253.75

PROFIT EXISTS ANYWHERE BETWEEN THOSE TWO POINTS.

IF AMZN PINS AT 250 IT WILL YIELD 3.75 FULL CREDIT PROFIT AND BASICALLY A 300% PROFIT ON RISK PUT FORTH OF 1.25 PER SPREAD LOT.

I DID A COPY AND PASTE FROM MY BROKER TO SHOW THE PREVIOUS TRANSACTION. THE SMALLER CHANGE AMOUNTS ARE FEES AND COMMISSIONS.

P.S. WHERE DOES THE PLAY STAND AS OF WRITING THIS AT 10:38 AM est 12/14/12

ITS CREDIT RECEIVED WAS 3.75 AND IF WERE TO BUY TO CLOSE RIGHT NOW IT WOULD COST 1.82 TO CLOSE. 😉

12/11/12     Bought   to Open 5 AMZN Call

Amzn Dec 14 2012 255.00 Call
AMZN Dec 14 2012 255.00 Call $1.55 $0.75 $0.16 -$775.91
12/11/12     Bought   to Open 5 AMZN Put

Amzn Dec 14 2012 245.00 Put
AMZN Dec 14 2012 245.00 Put $1.12 $9.70 $0.16 -$569.86
12/11/12     Sold   to Open -5 AMZN Call

Amzn Dec 14 2012 250.00 Call
AMZN Dec 14 2012 250.00 Call $3.83 $0.75 $0.22 $1,914.03
12/11/12     Sold   to Open -5 AMZN Put

Amzn Dec 14 2012 250.00 Put
AMZN Dec 14 2012 250.00 Put $2.59 $0.75 $0.20 $1,294.05

12/17/12
THE $PCLN TRADE WAS ALLOWED TO EXPIRE FOR A FULL 12% GAIN IN OUR 1 DAY FRIDAY CREDIT SPREAD EXPIRY TRADE.
**************************************************************************************************************************************************************************************************************************************
Your Order Has Been Submitted and Executed. We are in 5 contracts and expires today for a Target of 12% Portfolio Gain.
                            Account:                         XXXXXXXX – Roth Account

            Order Details

                        You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 5 PCLN Put PCLN Dec 14 2012 600.00 Put                             Credit 0.55                             Day Order
Leg 2 Sell to Open 5 PCLN Put PCLN Dec 14 2012 605.00 Put                             Credit 0.55                             Day Order
Quote                                             PCLN                               613.08                               N/A                         Bid                             612.56                         Ask                             613.83                         Volume                             88,257
PCLN DEC 14 2012 600 PUT
PCLN DEC 14 2012 605 PUT
                  —                   —                   —
Bid 0.35 0.85
Ask 0.50 1.10
Last 0.37 0.90
Change -0.43 [-53.75%] -0.59 [-39.60%]
Volume 216 189
Delta -0.09 -0.19
Open Int 954 703
Desc PCLN Dec 14 2012 600.00 Put PCLN Dec 14 2012 605.00 Put
Net Quote
Bid (natural)
0.35credit
  Mid
0.55credit
Ask
0.75credit

12/15/12

OUR SPY CREDITSPREADS EXPIRED AT A FULL WEEKLY GAIN OF 10%, ALSO HAD YOU FOLLOWED OUR TWITTER ALERT OF THOSE WHO WISHED TO AVERAGE IN A LITTLE MORE RISK, WE ADDED ANOTHER 1/3 ORDER EXPOSURE ON 12/11/12 at .19 CREDIT.

12/11/12 Bought to Open 6 SPY Call

Spy Dec 14 2012 146.00 Call
SPY Dec 14 2012 146.00 Call $0.16 $9.85 $0.19 -$106.04
12/11/12 Sold to Open -6 SPY Call

Spy Dec 14 2012 145.00 Call
SPY Dec 14 2012 145.00 Call $0.35 $0.90 $0.22 $208.88

AFTER ADDING OUR ADDITIONAL 1/3 RISK THAT WEEK, 3ddHedge BROUGHT IN 19 X 10 =190 ON ORIGINAL TRADE AND 6 X 19 = 114 ON AVERAGE IN TRADE. OUR TOTAL NUMBER OF SPREADS IN THE TRADE WAS 25 OR 2500 AT RISK IN THE TRADE.

NET RETURN 12.1% OR ROUNDABOUT. 190 + 114 = 304/ 2500 = 12.1%

WE DID NOT BLOG ALERT THAT EXTRA TRADE, SINCE WAS AVERAGING IN A LITTLE HIGHER RISK TO THE TRADE. WE NORMALLY DO NOT DO SUCH A MOVE, BUT THE CHARTS AND OTHER FACTORS I TRACK, MADE THAT AVERAGE IN A VERY SWEET RISK/REWARD TO TAKE. IF THE TRADE HAD GONE WRONG WE WOULD HAVE ROLLED OUT TO JANUARY AS THE MARKET LOOKS RIPE FOR A JANUARY PULL BACK ANYWAYS. IN THE MEANTIME WE WOULD HAVE CONTINUED TO SELL BULL PUT SPREADS SAFELY OUT OF MONEY TO CONTINUE LOWERING OUR RISK AND RAISING POTENTIAL PROFITS INTO JANUARY.

**************************************************************************************************************************************************************************************************************************************

WE LOWERED OUR CREDIT TO .10 IN THE LAST FEW MINUTES FROM .11 AND THEN IT FILLED, ON A SMALL LAST MINUTE BUMP UP. WE PLAN ON PUT CONDOR COMPLETING THIS TRADE EARLY NEXT WEEK.

ORDER WAS AS FOLLOWS.

Your Order Has Been Submitted

            Order Details

                        You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 19 SPY Call

SPY CALL 146 20121214
SPY Dec 14 2012 146.00 Call                             Credit 0.10                             Day Order
Leg 2 Sell to Open 19 SPY Call

SPY CALL 145 20121214
SPY Dec 14 2012 145.00 Call                             Credit 0.10                             Day Order
QuoteSPY                              142.43                              0.45Bid142.42Ask142.43Volume96,268,866
Waiting Circle
SPY DEC 14 2012 146 CALL
SPY DEC 14 2012 145 CALL
Bid 0.09 0.21
Ask 0.11 0.23
Last 0.10 0.22
Change -0.01 [-9.09%] 0.03 [15.79%]
Volume 22,752 33,512
Delta 0.09 0.16
Open Int 13,137 50,548
Desc SPY Dec 14 2012 146.00 Call SPY Dec 14 2012 145.00 Call
Net Quote
Bid (natural)
0.10credit
  Mid
0.12credit
Ask
0.14credit

UPON THE OPEN TODAY WITHIN THE FIRST 15 MINUTES WE PLACED AN SPX STRADDLE SPREAD ORDER AT 3.50 DEBIT.

THE STRADDLE SPREAD WAS A COMBINED 4 LEG AT THE CURRENT SPX LEVEL TRADE. SPX WAS AROUND 1417. WE OPENED BOTH 1420/15 DEC7 DEBIT PUT AND 1420/25 DEBIT CALL SPREADS IN ONE TRANSACTION AT SAID 3.50 DEBIT.

THIS STRADDLE SPREAD WAS 5 WIDE ON EACH END. FULL PROFITS OF 1.50 EACH CONTRACT LOT (5-3.50 = 1.50)WOULD HAVE BEEN REACHED HAD WE HELD TO EXPIRY AND SPX LESS THAN 1415 OR GREATER THAN 1425.

WE DECIDED TO TAKE OUR 20% GAIN FROM 3.50 DEBIT TO SELLING BACK AT 4.20 CREDIT TWO HOURS LATER AROUND 1145AM EST, AND LOCKED IN OUR 20% DAILY GAIN.

SPXW Put SPXW Dec 07 2012 1415.00 Put Debit $3.50 3/ 3/ 3/ 3
Order
Initial Original Stop Final Stop Low/High N/A Time N/A Triggered At

Executed @ $3.50

SPXW Put SPXW Dec 07 2012 1415.00 Put SLD to Open 3
SPXW Put SPXW Dec 07 2012 1420.00 Put BOT to Open 3
SPXW Call SPXW Dec 07 2012 1420.00 Call BOT to Open 3
SPXW Call SPXW Dec 07 2012 1425.00 Call SLD to Open 3

FF

SPXW Put SPXW Dec 07 2012 1415.00 Put Credit $4.20 3/ 3/ 3/ 3
Order
Initial Original Stop Final Stop Low/High N/A Time N/A Triggered At

Executed @ $4.20

SPXW Put SPXW Dec 07 2012 1415.00 Put Change BOT to Close 3
SPXW Put SPXW Dec 07 2012 1420.00 Put Change SLD to Close 3
SPXW Call SPXW Dec 07 2012 1420.00 Call Change SLD to Close 3
SPXW Call SPXW Dec 07 2012 1425.00 Call Change BOT to Close 3

1:45 PM 11/30/12

### WRITTEN ON THE FLY SORRY FOR ANY TYPOS, OR GRAMMATICAL ERRORS ###

WE EXITED THIS TRADE AT SMALL LOSS OF .50 PER LOT AT 3.10 CREDIT.

THIS TRADE TODAY DOES NOT CHANGE OUR TRADE PHILOSOPHY OF MAINLY CREDIT SPREADS.

THIS TRADE WAS HIGHLY PROBABLE TO SUCCEED TODAY, AND SAY THAT BECAUSE OF THE POLITICAL JOCKEYING IN PRESS CONFERENCES AND SPEECHES THAT HAPPENED TODAY.

THE EXPECTED GYRATIONS IN SPX DUE TO  THE POLITICIANS NEVER CAME TO FRUITION, AND PREMIUMS WERE BEING WIPED FROM OUR STRADDLE DUE TO THAT.

KNOW WHEN TO EXIT TRADES THAT ARE BEATING THE ODDS AGAINST YOU AND RUN.

TOTAL LOSS $50 X 4 =200

### REMEMBER ### WE HAVE NOT CHANGED OUR TRADE PHILOSOPHY AND STILL PREFER HIGHLY PROBABLE CREDITSPREADS 95%+ OF THE TIME.

***********************************************************************

MAX VALUE 5 IF FINISHES ABOVE 1420 AND OR BELOW 1410

Your Order Has Been Submitted
IRA Account

Order Details

You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 4 SPXW Call SPXW Nov 30 2012 1415.00 Call Debit 3.60 Day Order
Leg 2 Sell to Open 4 SPXW Call SPXW Nov 30 2012 1420.00 Call Debit 3.60 Day Order
Leg 3 Sell to Open 4 SPXW Put SPXW Nov 30 2012 1410.00 Put Debit 3.60 Day Order
Leg 4 Buy to Open 4 SPXW Put SPXW Nov 30 2012 1415.00 Put Debit 3.60 Day Order
Quote SPX   1,414.60   -1.35 Bid 1,414.13 Ask 1,414.95 Volume 0
SPXW NOV 30 2012 1415 CALL
SPXW NOV 30 2012 1420 CALL
SPXW NOV 30 2012 1410 PUT
SPXW NOV 30 2012 1415 PUT
Bid 2.70 0.80 1.50 3.20
Ask 2.90 0.95 1.65 3.40
Last 2.92 0.90 1.55 3.20
Change -2.28 [-43.85%] -1.90 [-67.86%] -0.40 [-20.51%] -0.10 [-3.03%]
Volume 530 996 1,320 206
Delta 0.48 0.22 -0.29 -0.52
Open Int 4,512 8,203 1,454 1,502
Desc SPXW Nov 30 2012 1415.00 Call SPXW Nov 30 2012 1420.00 Call SPXW Nov 30 2012 1410.00 Put SPXW Nov 30 2012 1415.00 Put
Net Quote
Bid
3.30debit
Mid
3.65debit
Ask (natural)
4.00debit

THIS TRADE IS A COLLABORATIVE EFFORT BETWEEN @GSSOUND AND I. WE USUALLY CONFER WITH EACH OTHER ON OUR WEEKLY PLAYS AT TIMES, AND THIS PLAY IS BEING ATTEMPTED IN THE ORIGINAL 3ddHedge ACCOUNT.

AFTER COMMISSIONS THIS PLAY SHOULD NET ALMOST 10% WEEKLY PROFIT UPON EXPIRY NOV30 AS LONG AS WE DONT HAVE TO CLOSE THE SPREAD EARLY OR ROLL.

THIS WAS WRITTEN ON THE FLY AND SORRY FOR ANY GRAMMATICAL ERRORS.

Your Order Has Been Submitted
Roth Account

Order Details

You have entered a free form.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 10 GLD Put GLD Nov 30 2012 163.00 Put Credit 0.21 Day Order
Leg 2 Buy to Open 10 GLD Put GLD Nov 30 2012 161.00 Put
Leg 3 Buy to Open 10 GLD Call GLD Nov 30 2012 173.00 Call
Leg 4 Sell to Open 10 GLD Call GLD Nov 30 2012 171.00 Call
Quote GLD   167.09   -0.30 Bid 167.08 Ask 167.10 Volume 358,833
GLD NOV 30 2012 163 PUT
GLD NOV 30 2012 161 PUT
GLD NOV 30 2012 173 CALL
GLD NOV 30 2012 171 CALL
Bid 0.18 0.08 0.08 0.19
Ask 0.20 0.10 0.10 0.21
Last 0.20 0.12 0.08 0.27
Change N/A [N/A] N/A [N/A] -0.06 [-42.86%] N/A [N/A]
Volume 0 0 22 0
Delta -0.11 -0.05 0.06 0.12
Open Int 717 335 401 927
Desc GLD Nov 30 2012 163.00 Put GLD Nov 30 2012 161.00 Put GLD Nov 30 2012 173.00 Call GLD Nov 30 2012 171.00 Call
Net Quote
Bid (natural)
0.17credit
Mid
0.21credit
Ask
0.25credit

*TRADE EXECUTED*

This will be  10% weekly gain, if filled and expires this week worthless on both ends.

Enter at .20 credit on a 2$ wide spread on both ends.

            Order Details

                        You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 10 GLD Put GLD Nov 17 2012 164.00 Put                             Credit 0.20                             Day Order
Leg 2 Buy to Open 10 GLD Put GLD Nov 17 2012 162.00 Put                             Credit 0.20                             Day Order
Leg 3 Buy to Open 10 GLD Call GLD Nov 17 2012 174.00 Call                             Credit 0.20                             Day Order
Leg 4 Sell to Open 10 GLD Call GLD Nov 17 2012 172.00 Call                             Credit 0.20                             Day Order
Quote                                             GLD                               168.22                               0.40                         Bid                             168.21                         Ask                             168.23                         Volume                             328,551
GLD NOV 17 2012 164 PUT
GLD NOV 17 2012 162 PUT
GLD NOV 17 2012 174 CALL
GLD NOV 17 2012 172 CALL
                  —
Bid 0.17 0.09 0.09 0.20
Ask 0.18 0.10 0.10 0.22
Last 0.18 0.08 0.09 0.20
Change -0.08 [-30.77%] -0.04 [-33.33%] N/A [N/A] -0.02 [-9.09%]
Volume 29 65 11 91
Delta -0.11 -0.06 0.06 0.13
Open Int 18,881 40,073 8,491 18,173
Desc GLD Nov 17 2012 164.00 Put GLD Nov 17 2012 162.00 Put GLD Nov 17 2012 174.00 Call GLD Nov 17 2012 172.00 Call
Net Quote
Bid (natural)
0.17credit
  Mid
0.20credit
Ask
0.22credit

11/12/12

Sorry for the late update, been real busy but it originally filled for .60 credit, after no fills at .65credit.

later on Nov8 we closed the short 1465 calls at .05 debit with no commission cost as per my broker, which freed up our funds to try and roll the put side of our condor into next week. That roll didnt execute, and on Nov9 we closed the put side at .15 debit.

Total profit for the week, was .60 credit – .05 debit – .15 debit = .40 profit per lot, or 8% weekly gain.

**********************************************************************************************************************************************************************************************

Order Details

                        You have entered a free form.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 3 SPXW Put SPXW Nov 09 2012 1370.00 Put                             Credit 0.65                             Day Order
Leg 2 Buy to Open 3 SPXW Put SPXW Nov 09 2012 1365.00 Put                             Credit 0.65                             Day Order
Leg 3 Buy to Open 3 SPXW Call SPXW Nov 09 2012 1470.00 Call                             Credit 0.65                             Day Order
Leg 4 Sell to Open 3 SPXW Call SPXW Nov 09 2012 1465.00 Call                             Credit 0.65                             Day Order
Quote                                             SPX                               1,424.87                               -2.72                         Bid                             1,424.58                         Ask                             1,425.15                         Volume                             0
SPXW NOV 09 2012 1370 PUT
SPXW NOV 09 2012 1365 PUT
SPXW NOV 09 2012 1470 CALL
SPXW NOV 09 2012 1465 CALL
                  —
Bid 1.75 1.45 0.80 1.15
Ask 1.90 1.65 0.95 1.35
Last 1.80 1.50 0.89 1.35
Change 0.10 [5.88%] -0.05 [-3.23%] -0.36 [-28.80%] -0.40 [-22.86%]
Volume 852 216 2,329 104
Delta -0.10 -0.09 0.07 0.09
Open Int 1,126 372 3,332 838
Desc SPXW Nov 09 2012 1370.00 Put SPXW Nov 09 2012 1365.00 Put SPXW Nov 09 2012 1470.00 Call SPXW Nov 09 2012 1465.00 Call
Net Quote
Bid (natural)
0.30credit
  Mid
0.65credit
Ask
1.00credit

10/26/12 Sold to Open -3 SPXW Put

Spxw Nov 02 2012 1365.00 Put
SPXW Nov 02 2012 1365.00 Put $2.85 $1.95 $0.09 $852.96
10/26/12 Bought to Open 3 SPXW Put

Spxw Nov 02 2012 1360.00 Put
SPXW Nov 02 2012 1360.00 Put $2.40 $6.90 $0.09 -$726.99

************************************************************************************************************************************************************************************************************

Before I could copy and paste the trade details, the market moved on me. We got filled at .45 credit while it went all the way up to .55 credit.

Anyways we are in, Fingers crossed.