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03-26-2015, 11:22 AM
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#181
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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April M3 update:
Code:
Date Time Trade Description Fees Comm Amount
2/27/15 15:58:30 BOT +3 BUTTERFLY RUT 100 APR 15 1260/1210/1160 PUT @11.00 CBOE -0.31 -18.99 -3,300.00
15:58:53 BOT +4 IWM 100 APR 15 120 CALL @4.34 CBOE -0.10 -12.99 -1,736.00
3/18/15 15:58:38 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @7.94 CBOE -0.06 -11.49 -794.00
3/19/15 15:59:55 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @8.25 CBOE -0.06 -11.49 -825.00
And the graph:
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03-27-2015, 10:28 AM
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#182
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Just sold my verticles and booked a -283 loss in the process...
Code:
Date Time Trade Description Fees Comm Amount
2/27/15 15:58:30 BOT +3 BUTTERFLY RUT 100 APR 15 1260/1210/1160 PUT @11.00 CBOE -0.31 -18.99 -3,300.00
15:58:53 BOT +4 IWM 100 APR 15 120 CALL @4.34 CBOE -0.10 -12.99 -1,736.00
3/18/15 15:58:38 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @7.94 CBOE -0.06 -11.49 -794.00
3/19/15 15:59:55 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @8.25 CBOE -0.06 -11.49 -825.00
3/27/15 10:25:52 SOLD -2 VERTICAL RUT 100 APR 15 1210/1220 CALL @6.86 CBOE -0.10 -12.99 1,372.00
Last edited by PaceAdvantage; 03-27-2015 at 10:29 AM.
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03-27-2015, 04:19 PM
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#183
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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I just exited my April M3 trade for a small profit. I consider anything above a loss this month to be a moral victory.
Code:
Date Time Trade Description Fees Comm Amount
2/27/15 15:58:30 BOT +3 BUTTERFLY RUT 100 APR 15 1260/1210/1160 PUT @11.00 CBOE -0.31 -18.99 -3,300.00
15:58:53 BOT +4 IWM 100 APR 15 120 CALL @4.34 CBOE -0.10 -12.99 -1,736.00
3/18/15 15:58:38 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @7.94 CBOE -0.06 -11.49 -794.00
3/19/15 15:59:55 BOT +1 VERTICAL RUT 100 APR 15 1210/1220 CALL @8.25 CBOE -0.06 -11.49 -825.00
3/27/15 10:25:52 SOLD -2 VERTICAL RUT 100 APR 15 1210/1220 CALL @6.86 CBOE -0.10 -12.99 1,372.00
15:56:31 SOLD -3 BUTTERFLY RUT 100 APR 15 1260/1210/1160 PUT @13.40 CBOE -0.31 -18.99 4,020.00
15:56:48 SOLD -2 IWM 100 APR 15 120 CALL @4.01 BOX -0.07 -1.50 802.00
15:56:48 SOLD -1 IWM 100 APR 15 120 CALL @4.01 BOX -0.04 -10.74 401.00
15:56:48 SOLD -1 IWM 100 APR 15 120 CALL @4.01 BOX -0.04 -0.75 401.00
-------------------------
+239.98
PaceAdvantage M3 Trading Tour 2015
_______________________________
January...+311.93
February..+755.51
March......-359.98
April........+239.98
-----------------------
TotalYTD..+947.44
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03-30-2015, 04:39 PM
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#184
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Put on my May trade today:
Code:
Date Time Trade Description Fees Comm Amount
3/30/15 12:41:51 BOT +3 BUTTERFLY RUT 100 MAY 15 1280/1230/1180 PUT @10.61 CBOE -0.31 -18.99 -3,183.00
12:43:19 BOT +5 IWM 100 MAY 15 123 CALL @3.92 -0.12 -13.74 -1,960.00
Chart:
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04-09-2015, 11:46 AM
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#185
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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First graph is Apr M3 with 8 days until expiration. Currently Plus ~$1200.
Second graph is May M3 with 39 days until expiration, currently underwater ~$600. (This is due to several errors on my part one of which was buying a put instead of a call and then watching the market rally.)
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04-14-2015, 01:19 AM
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#186
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Bought a vertical on Friday as delta was sitting around 13..
Code:
Date Time Trade Description Fees Comm Amount
3/30/15 12:41:51 BOT +3 BUTTERFLY RUT 100 MAY 15 1280/1230/1180 PUT @10.61 CBOE -0.31 -18.99 -3,183.00
12:43:19 BOT +5 IWM 100 MAY 15 123 CALL @3.92 -0.12 -13.74 -1,960.00
4/10/15 15:58:09 BOT +1 VERTICAL RUT 100 MAY 15 1230/1240 CALL @7.64 CBOE -0.06 -11.49 -764.00
Last edited by PaceAdvantage; 04-14-2015 at 01:23 AM.
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04-14-2015, 01:53 PM
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#187
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Closed out the butterfly and the long calls on the Apr M3, and I'm left with two vertical spreads 40 points away from losing money.
Sadly, had I waited 30 minutes to close out the butterfly I would have made an extra $1000. (The RUT went from +2.00 to -6.50)
Max profit should be somewhere around $1700.
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04-15-2015, 04:12 PM
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#188
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Was about 15 points over my long strike, so I rolled my May M3 back 30 points. I also added 4, 1240/1250 RUT verticals. Along with all of my other verticals including some call verticals my position is about $600 under water and now looks like this: (My earlier error cost me about $650, so without that mistake the trade would basically be about even.)
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04-21-2015, 09:58 AM
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#189
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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I added two more RUT verticals yesterday:
Code:
Date Time Trade Description Fees Comm Amount
3/30/15 12:41:51 BOT +3 BUTTERFLY RUT 100 MAY 15 1280/1230/1180 PUT @10.61 CBOE -0.31 -18.99 -3,183.00
12:43:19 BOT +5 IWM 100 MAY 15 123 CALL @3.92 -0.12 -13.74 -1,960.00
4/10/15 15:58:09 BOT +1 VERTICAL RUT 100 MAY 15 1230/1240 CALL @7.64 CBOE -0.06 -11.49 -764.00
4/20/15 14:31:29 BOT +2 VERTICAL RUT 100 MAY 15 1230/1240 CALL @7.80 -0.12 -12.99 -1,560.00
Last edited by PaceAdvantage; 04-21-2015 at 10:01 AM.
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04-24-2015, 08:37 PM
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#190
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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May M3 finally poked its nose above water. (+$324.00)
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04-26-2015, 02:29 PM
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#191
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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My May M3 is up about $400-500...technically, I was supposed to exit on Friday...I did not...the market, for months now, has been hitting a wall at the point it is currently at...I'm waiting for another pullback...
If, instead, the market breaks out to new highs, then I will exit with what I expect to be a small loss at worst...worth the risk in my opinion, given I am ahead at this point.
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04-26-2015, 04:59 PM
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#192
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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I'm really bad at predicting market direction but given the months long sideways movement, I'm expecting the next big move to be up. 1Q earnings expectations were set low and are so far exceeding the low bar. I think that will get factored into prices over the next few weeks.
But again...really bad at this sort of thing.
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04-26-2015, 06:58 PM
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#193
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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The low volume of the past week makes me think there's not much incentive for another pullback.
I'm guessing an upside move from here.
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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04-27-2015, 11:23 AM
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#194
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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I agree, the daily chart is telling me this market is going up...however, I feel I'm in a position where waiting to see what happens is worth the risk...we have Apple earnings and a Fed Meeting this week...the uncertainty is there, and there has been plenty of selling off of highs during this channel run since February...I don't need all that much selling to take this trade to my profit goal...
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04-27-2015, 12:37 PM
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#195
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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The RUT is down 12 points as I type this and my position is up about $400 over Friday's close...tempting....
With gold up almost $28 today alone, I don't see how anyone could have remained long this morning....but that was just me.
Last edited by PaceAdvantage; 04-27-2015 at 12:38 PM.
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