STO ES 1/14 2565 – (10 points) Put Vertical Spread/Binary
STO ES 1/14 2615 + (10 points) Call Vertical Spread/Binary
1.95+ combined credit
Author Archives: elitethink
NQ Entry
STO NQ 1/11 6510-10 Put Spread/Binary
STO NQ 1/11 6720+10 Call Spread/Binary
2.00 Credit
Exit Stop Limit Loss: 3x credit per side
ie, 1.00 for spread, the stop limit is 2.95/3.00 GTC
2dte SPX
Filled yesterday:
STO ES 1/11 2535-10 Put Spread/Binary
STO ES 1/11 2630+10 Call Spread/Binary
2.10 credit
gtc stops at 3.10 per side set.
I stopped posting until the model went back to live capital by going into the black. A loss will take it back into sim, a win will add contracts with fixed ratio sizing. Model is about even since real time testing started mid november, but just traded out of a 30% drawdown, which took a +50% improvement to accomplish.
SPX Credit Spread
STO 2/28 2140×2120
BTO 2/28 1200p
1.3 credit.
SPX IC Entry
Sold on 12/13 2.35 credit
Iron Condor Entry:
STO SPX 1/25/19 2370 Puts
BTO SPX 1/25/19 2350 Puts
STO SPX 1/25/19 2870 Calls
BTO SPX 1/25/19 2890 Calls
best possible Credit
Exit:
3x put spread credit stop GTC
3x call spread credit stop GTC
#spx 12/17 IC/IF Risk $50 for $100
IV is up with the Fed meeting on Wed.
Next Expiration ES Vertical/Binary Signals
Entry:
Sell ES Closest Expiration 2485×2475 Put Spread/Binary
Sell ES Closest Expiration 2630×2640 Call Spread/Binary
Price: 1.90+ combined credit, 2.00+ is preferred
Exit Stop Limit Loss GTC Resting Order: 3x credit per side
ie, 1.00 for spread, the stop is 3.00
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Next Expiration SPX Iron Butterfly Signals
Entry:
Sell SPX Closest Expiration 2460x2560x2660 Iron Butterfly
Price: Max Credit Possible for Iron Fly
Exit Stop Limit Loss GTC Resting Order: Credit for Iron Fly x1.5
ie, if the iron fly credit is 30, the GTS stop limit debit would be 45 points.
12/14 spx trades
meant to post these on friday, will try to post wednesday’s trade plan today.
Next Expiration ES Vertical/Binary Signals
Entry:
Sell ES Closest Expiration 2555×2545 Put Spread/Binary
Sell ES Closest Expiration 2650×2660 Call Spread/Binary
Price: 1.90+ combined credit, 2.00+ is preferred
Exit Stop Limit Loss GTC Resting Order: 3x credit per side
ie, 1.00 for spread, the stop is 3.00
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Next Expiration SPX Iron Butterfly Signals
Entry:
Sell SPX Closest Expiration 2500x2600x2700 Iron Butterfly
Price: Max Credit Possible for Iron Fly
Exit Stop Limit Loss GTC Resting Order: Credit for Iron Fly x1.5
ie, if the iron fly credit is 30, the GTS stop limit debit would be 45 points.
Researching an Idea
Hi gang, I thought some of you might be interested in a method I am testing. ‘Have a friend who took his TOS sim account from $100k to $1.3 million in a couple months using this idea the last few months. If you are like me you don’t trust sim prices, but eventually i had to look into it. One week of trading real time in sim, and adding significant friction to overcome the sim pricing and the results are encouraging, +35% in my first week. We will begin live trading this Friday.
The model is simple and uses spx/es next expiration options.
model: sell the atm iron fly, set stops for each vertical spread at 1.3x the vertical spread credit.
once a stop takes place: lower the stop for the other side to break even, look for a cross of the short term ma on 1 min bars and set up another iron fly, set stops at 1.3x again.
rinse and repeat, once the 4th iron fly is established, take profits on the leg remaining from the first iron fly. Keep taking profits as iron flys are established.
this is a ton of work, but it made 12 spx points today after slippage and commission, with 33 trades.
IC for Monday
Entry:
Sell ES 12/3 2810×2820 Call Binary/Spread 1.00+ Credit
Sell ES 12/3 2675×2665 Put Binary/Spread 1.00+ Credit
Exit Stop Limit Loss: 3x credit per side
Anyone see Kiyosaki is getting into the options education business?
https://pro.agorafinancial.com/p/kwc_weeklycashflowsummit_1118/EKWCUB59/?a=13&o=98986&s=117946&u=8869615&l=1731639&r=MC2&vid=Zok-z8&g=0&h=true
+Vega short put spread
STO SPX 11/23/18 2700 Puts
BTO SPX 11/23/18 2680 Puts
BTO SPX 11/23/18 1400 Puts
1.35 credit
SPX Put Spread
STO SPX 9/21/18 2670 puts
BTO SPX 9/21/18 2650 puts
BTO SPX 9/21/18 1300 puts
1.10 credit.
Positive Vega Put Spread
18% of Allocation:
STO SPX 9/14/18 2640 puts
BTO SPX 9/14/18 2620 puts
BTO SPX 9/14/18 1300 puts
1.15 credit
SPX Iron Condor
STO SPX 8/31/18 2560 puts
BTO SPX 8/31/18 2540 puts
STO SPX 8/31/18 2890 calls
BTO SPX 8/31/18 2910 calls
2.35 Credit
Positive Vega Short Puts
STO SPX 8/17/18 2590 puts
BTO SPX 8/17/18 2570 puts
BTO SPX 8/17/18 1300 puts
1.25 credit.
5%+ on capital
HI, last week i posted…
HI, last week i posted a 7/27 IC. Calls of that IC are 2850×70, sold them for 1.16. Normal stop is 4x, but since major swing highs are being probed, i’m going to 5x for a little more room. Will most likely regret it. Stop is set for 5.45, limit is set to 5.80. 5x is my line in the sand. Have sold 2 calls spreads the lat 9 months, and once again, getting stopped. That’s trading. Am short more puts than calls, but still short deltas, have multiple back month dotm puts for tail risk.
Options Bistro 