M3 Backtesting Dec 21, 2012

dec-21-2012-entry-b

Adjustments:

  • Dec 27 – Sold 7 x 820 to protect 30 pts down
  • Dec 31 – Sold 3 x 830 to protect 30 pts up
  • Jan 2 – Sold 5 x 830, 2 x 840 to reduce – DELTA outside tent
  • Jan 7 – Sold 6 x 840 to reduce – DELTA outside tent
  • Jan 18 – Rolled BF up
    • Jan 18 – Adjusted my short side to 3 x 880, 2 x 890
  • Jan 22 – Sold 4 x 890 to reduce – DELTA
  • Feb 1 – Rolled BF up
  • Feb 4 – Sold 5 x 910 to reduce + DELTA inside tent
  • Feb 5 – Sold 7 x 920 to reduce – DELTA inside tent
  • Feb 8 – Exited 7 DTE at + $495
    • Spent most of this trade under the $0 axis and probably would have taken this trade off sooner at a small loss. Per the rules I stayed in the trade till 7 DTE / Max Profit / Max Loss.

M3 Backtesting Nov 23, 2012

nov-23-2012-entry-b

Adjustments:

  • Nov 23 – Sold 1 x 800, 4 x 780 to protect 30 pts down (not ideal = -$1500)
  • Volatility crush and have to increase to absolute max loss 4k
  • Nov 26 – Sold 3 x 770 to protect 30 pts down (I have increased upside risk now)
  • Nov 27 – Sold 3 x 800 to protect 30 pts up
  • Nov 29 – Sold 2 x 810 to protect 30 pts up (not ideal -$1719)
  • Dec 17 – Sold 4 x 810 to reduce – DELTA outside tent
  • Dec 18 – Sold 1 x 810, 3 x 780 to control + VEGA
  • Dec 19 – Rolled BF up
  • Dec 21 – Sold 1 x 850 to protect 20 pts up (can’t manage 30 pts)
  • Dec 27 – Sold 4 x 830 to protect 20 pts down
  • Dec 31 – Sold 5 x 840 to reduce – DELTA inside tent
  • Jan 2 – Exited 16 DTE at max loss – $2628
  • Continued to Expiration week
  • Jan 2 – Sold 3 x 850, 7 x 860 to reduce – DELTA & + VEGA outside tent
  • Jan 4 – Rolled BF up
  • Jan 9 – Sold 4 x 890 to reduce – DELTA inside tent
  • Jan 11 – Exited 7 DTE at – $411

M3 Backtesting Oct 26, 2012

oct-26-2012-entry-b

Adjustments:

  • Nov 6 – Sold 4 x 800 to reduce – DELTA outside tent
  • Nov 7 – Sold 1 x 790, 3 x 780 to protect 30 pts down
  • Nov 8 – Sold 4 x 780 to protect 30 pts down
    • With this adjustment I have more upside risk, but its enough that I can live with i.e. 30 pts up = -$1300
  • Nov 9 – Sold 1 x 780 to protect 30 pts down
  • Nov 14 – Sold 10 x 770 to reduce + DELTA inside tent
  • Nov 15 – Sold 7 x 760 to reduce + DELTA inside tent
  • Nov 16 – Exited 35 DTE at +$4427
    • I noticed that my Gain/Loss increases as Avg. IV decreases e.g.¬†Nov 15 = 20.6% & Nov 16 = 19.2%

M3 Backtesting Sep 21, 2012

sep-21-2012-entry-b

Adjustments:

  • Sep 24 – Sold 2 x 830 to protect 30 pts down
  • Sep 25 – Sold 8 x 830 to protect 30 pts down
  • Sep 26 – Sold 7 x 820 to protect 30 pts down
  • Sep 27 – Sold 7 x 830 to protect 20 pts up
  • Oct 4 – Sold 4 x 840 to protect 30 pts up
  • Oct 9 – Sold 10 x 820 to protect 30 pts down
    • I had too much downside risk i.e. -$3200 and I couldn’t protect the upside as much, therefore I have 30 pts upside risk = -$2300
  • Oct 10 – Exited 37 DTE at +$2662 profit

M3 Backtesting Aug 24, 2012

aug-24-2012-entry-b

Adjustments:

  • Sep 6 – Rolled BF up
  • Sep 7 – Sold 5 x 820 to reduce – DELTA inside edge of tent
  • Sep 13 – Sold 8 x 830 to reduce – DELTA outside tent
  • Sep 18 – Sold 5 x 840 to reduce – DELTA outside tent
  • Sep 21 – Sold 3 x 850 to reduce – DELTA outside tent
  • Sep 25 – Sold 3 x 830 to protect 30 pts down
  • Sep 27 – Sold 5 x 830 to¬†reduce – DELTA inside tent
  • Oct 1 – Exited 18 DTE at +$3154