Jul 26, 2024 Update
Back | Need Help?| Week | MTD | YTD | Proj. | Target | |
|---|---|---|---|---|---|
| $ | -460 | -379 | -841 | - | - |
| % | -9 | -8 | -15 | -26 | 30 |
| Strategy | Expiry | Days | Open | Gain | |||
|---|---|---|---|---|---|---|---|
| 1 | Closed. | SPX | Put Vertical | 07/26 | 9 / 11 | $110 cr | -$355 (322%) |
| 2 | SPX | Put Vertical | 08/19 | 7 / 31 | $600 cr | -$260 (43%) | |
| 3 | Closed. | SPX | Put Vertical | 08/26 | 5 / 38 | $145 cr | -$55 (37%) |
| 4 | SPX | Put Vertical | 08/30 | 7 / 42 | $285 cr | -$90 (31%) |
The market continued to fall this week, but at least I was prepared for it this week unlike last week. I’m still overall bullish on SPX so I’ll keep holding these two positions. There’s plenty of time for the market to go up and it’s still 1% above my closest strike.
I’m currently thinking of ways for me to handle downturns in the market without burning through all my profits. There’s a few good ways to do this: buying out vertical spreads and Call credit spreads. I can also switch strategies entirely to 1122 spreads. I’ll be thinking about how I can implement one of these in the future to get more delta neutral.
Take a look at the Strategies page if you're looking for additional information about any of the trading stratgies that I'm using.