I've taken a nice break to clear my head from all my impatience and now I'm back with a new position in TLT.
This one is a standard Bull Put with the APR15 126/129 for 0.53 x 5 for a credit of $265 and a max risk of $735, making the R/R = 0.36 (good!) with a 71% probability of profit (POP).
I haven't had the best luck with TLT in the past, but hopefully this can break the streak. IV Rank for TLT is at 62%, so it makes sense to sell rather than buy.
Wednesday, March 25, 2015
Thursday, March 12, 2015
I've Been Trading Poorly, So It's Time For a Small Break...
I've been very impatient with my trades recently. If I had held the original spread, realized losses would have become big... BIG gains.
So I'm taking a couple of weeks off from trading. Clear my head, get back to what works. Most importantly, get refocused and my mojo back.
I can afford to that, too. Even though February, and thus far March, sucked, I'm still clocking the stock market. Yeah yeah it's not a good benchmark since I trade options but whatever it's the only one I got that makes sense.
S&P 500 YTD: +0.33%
Dow YTD: +0.40%
NASDAQ: +3.31%
Russel 2000: +2.65%
Bflakaz Trading Log: +7.44%
Here's all the trades. Unfortunately, many were not posted on the blog because they were either quick adjustments or I simply forgot...
| 2015 | Capital Limit upped to $30000 or max $1500 per position | |||||||||||||
| Ticker | Date Open | Asset Class | Spread | Strikes | Expiration | Lots | Opening Price | Closing Price | Date Close | P/L | Commission | Risk | % of Capital | ROC |
| Z | 01/06/15 | Option | Bull Put | 85/90 | FEB 2015 | 4 | 1.40 | 0.70 | 01/08/15 | 280 | 20 | 1440 | 4.800% | 19.44% |
| TLT | 01/06/15 | Option | Bear Put | 130/131 | MAR 2015 | 12 | 0.50 | 0.65 | 02/10/15 | 180 | 20 | 600 | 2.000% | 30.00% |
| VIX | 01/06/15 | Option | Bear Call | 24/26 | FEB 2015 | 9 | 0.40 | 0.10 | 01/08/15 | 270 | 20 | 1440 | 4.800% | 18.75% |
| XLE | 01/14/15 | Option | Bull Put | 68/70 | FEB 2015 | 5 | 0.52 | 0.22 | 01/21/15 | 150 | 20 | 592 | 1.973% | 25.34% |
| SPY | 01/14/15 | Option | Bull Put | 193/195 | FEB 2015 | 6 | 0.41 | 0.15 | 01/22/15 | 156 | 20 | 954 | 3.180% | 16.35% |
| VIX | 01/14/15 | Option | Bear Call | 24/26 | FEB 2015 | 6 | 0.35 | 0.15 | 01/22/15 | 120 | 20 | 990 | 3.300% | 12.12% |
| GLD | 01/21/15 | Option | Naked Put | 123 | MAR 2015 | 5 | 2.95 | 3.35 | 01/29/15 | -200 | 20 | 1475 | 4.917% | -13.56% |
| GLD | 01/21/15 | Option | Leg Out | 125 | MAR 2015 | 5 | 3.95 | 6.00 | 01/29/15 | 1025 | 20 | 1975 | 6.583% | 51.90% |
| TLT | 01/26/15 | Option | Naked Put | 125 | MAR 2015 | 12 | 0.55 | 0.75 | 02/10/15 | -240 | 20 | 1200 | 4.000% | -20.00% |
| TSLA | 01/27/15 | Option | Bear Call | 220/225 | FEB 2015 | 3 | 1.30 | 2.60 | 02/05/15 | -390 | 20 | 1110 | 3.700% | -35.14% |
| FB | 01/28/15 | Option | Strangle | 66/86 | Jan-30 2015 | 5 | 0.32 | 0.00 (expired) | 01/30/15 | 160 | 10 | 2000 | 6.667% | 8.00% |
| TSLA | 02/03/15 | Option | Bull Put | 185/190 | FEB 2015 | 3 | 1.05 | 0.40 | 02/05/15 | 195 | 20 | 1185 | 3.950% | 16.46% |
| AAPL | 02/03/15 | Option | Call Butterfly | 118/120/122 | FEB 2015 | 8 | 0.24 | 0.35 | 02/10/15 | 88 | 20 | 192 | 0.640% | 45.83% |
| GMCR | 02/04/15 | Option | Strangle | 98/148 | Feb-6-2015 | 4 | 0.50 | 0.00 (expired) | 02/06/15 | 200 | 10 | 3000 | 10.000% | 6.67% |
| STX | 02/06/15 | Option | Bear Put | 57.5/60 | APR 2015 | 4 | 1.00 | 0.80 | 03/02/15 | -80 | 20 | 400 | 1.333% | -20.00% |
| TSLA | 02/11/15 | Option | Strangle | 175/250 | Feb-13 2015 | 3 | 1 | 0.00 (expired) | 02/13/15 | 300 | 10 | 2500 | 8.333% | 12.00% |
| FEYE | 02/11/15 | Option | Strangle | 30/43 | Feb-13 2015 | 4 | 0.5 | 0.00 (expired) | 02/13/15 | 200 | 10 | 3000 | 10.000% | 6.67% |
| INTC | 02/13/15 | Option | Bull Call | 34/35 | APR 2015 | 8 | 0.5 | 0.5 | 03/05/15 | 0 | 20 | 400 | 1.333% | 0.00% |
| XLU | 02/18/15 | Option | Bear Put | 45/46 | MAR 2015 | 6 | 0.5 | 0.41 | 03/02/15 | -54 | 20 | 300 | 1.000% | -18.00% |
| MCD | 02/26/15 | Option | Bull Put | 92/94 | MAR 2015 | 5 | 0.35 | 0.12 | 02/27/15 | 115 | 20 | 875 | 2.917% | 13.14% |
| MBLY | 02/27/15 | Option | Bull Put | 30.5/31.5 | MAR 2015 | 8 | 0.15 | 0.05 | 03/05/15 | 80 | 20 | 680 | 2.267% | 11.76% |
| MBLY | 02/27/15 | Option | Bear Call | 39/41 | MAR 2015 | 8 | 0.2 | 0.05 | 03/02/15 | 120 | 20 | 1440 | 4.800% | 8.33% |
| YUM | 02/27/15 | Option | Bear Call | 84/85 | MAR 2015 | 14 | 0.25 | 0.1 | 03/03/15 | 210 | 20 | 1050 | 3.500% | 20.00% |
| MBLY | 03/02/15 | Option | Bear Call (roll) | 36/38 | MAR 2015 | 8 | 0.25 | 0.9 | 03/09/15 | -520 | 20 | 1400 | 4.667% | -37.14% |
| MBLY | 03/05/15 | Option | Bull Put (roll) | 32/34 | MAR 2015 | 8 | 0.25 | 0.05 | 03/09/15 | 160 | 20 | 1400 | 4.667% | 11.43% |
| MBLY | 03/09/15 | Equity | Long | 100 | 38.55 | 40.32 | 03/12/15 | 177 | 10 | 3855 | 12.850% | 4.59% | ||
| Profits | Commission | Net Profit | ROC | |||||||||||
| 2702 | 470 | 2232 | 7.44% |
IT'S TIME FOR SPRING BREAK YEAAAAAAAAAH!!!!!!!
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