#SPX1dte Sold to Open $SPX Nov 11th 3425/3445-3620/3640 iron condors for 1.50, SPX at 3544, IV 22.3%, deltas: -.06,+.07
Have not posted in a long time, busy at work with a new office, Covid, but more importantly for option traders have been working on several new projects and tactics with some of the professionals I have worked with over the years.
The 2 most exciting of these is Byran Klindworth, who developed the market tide and rate of change indicators, and I have been working on an indicator specifically for option selling and also a trading robot. We are currently in the process of beta testing both. They both work very well. I am not selling anything here, those that have the market tide already have some of the code, we are just making some adjustments.
However we have taken it a step further and are actually about to roll out an AI, quantitative analysis trading program that can actually be traded as a robot. His/her name is HERMES. It goes live on Tradestation tomorrow. Preliminary results about 2 months ago resulted in doubling a small account in 4-5 weeks. We are now scaling that up to a $5000 account to see how much slippage and commissions affect profits in real time with real money.
At first, we are putting a human filter on the trades before doing them, but later it will be able to trade automatically.
Also I have been working on tactics for Trader’s Reserve and have had excellent results substituting synthetics for regular trades. Live trading we have 260% annualized returns in some accounts including the Feb.-March meltdown.
Anyway, there is a new website developing for the robot/Hermes.
Stay tuned, we will give updates as it trades and progresses and everything will be transparent for those that are interested including the performance.
Again, not selling anything but there will be some tools on the website that might be interesting for all of you. First retail available quant trade program for the masses. We built a computer that can handle 1 trillion calculations a second and it still took 7 days to back test everything and optimize the robot. Bryan handled the coding, the math is way above my level, but it has the collective knowledge of some of the best trading strategies ever developed programmed into it.
As I said, stay tuned!
On a more personal note, hope everyone is doing well and have some time finally to start posting trades again. Wear your mask to avoid the Covid, they work.
#SPX7dteLong Bought to Open $SPX Nov 18th 3515/3535-3545/3565 iron condors for 17.75, with SPX at 3540. I picked the wrong date, was supposed to be Nov 16th. So this one is 8-dte. I may add a Nov 16th later today or tomorrow.
#ShortPuts – Sold TSLA DEC 11 2020 325.0 Put @ 4.25
I was too cautious and only did 1 each hoping to add if it ran a bit more above the 20.30 high for the day.
Offsetting a large short put position.
Sold VXX Nov 13 2020 23 Call Limit at $0.31
Sold VXX Nov 13 2020 23.5 Call Limit at $0.26
Sold VXX Nov 13 2020 24 Call Limit at $0.21
Sold Nov. 27, 660/670 for 2.10
Sold a Nov. 20, 16 put for .55 on the beaten down NKTR
Sold SLB 12/04/2020 20.0 Covered Calls @ 0.43
Up 9% today.
Above my cost and at the highest price since early August.
Next dividend date is 11/18
#ShortPuts – Adding one at a lower strike…
Sold TQQQ DEC 18 2020 90.0 Put @ 2.25
Rolled call spread side of the Lizard down from 144/147 to 120/124 for 1.09 credit against a 125 put. Total credit now 4.14 so still no upside risk. Dead zone in this position is from 124.14 to 125.00 I’d be happy for it to get back to those levels.
STO December 18, 120 put in my IRA at 8.25, a starter position.