Back from vacation so this is a good time to open some new Double Eagle trades. Trade 1. JNJ Double Eagle Exit Total PNL (before transaction cost): % Enter Trade 2. NFLX Double Eagle Exit Total PNL (before transaction cost): % Enter Trade 3. LMT Double Eagle Exit Total PNL (before transaction cost): % Enter
Trade Log 2025-03-17 Read More »
First trading day after President Trump’s inauguration. Market is pretty stable but the recent rally pushed individual stocks’ vol lower, so today is a good opportunity to open a few double eagle trades. Main takeaway from these trades: Don’t hesitate to take profit… especially with straddles. Trade 1. NVDA Double Eagle Exit Total PNL (before
Trade Log 2025-01-21 Read More »
Day 1. Phoenix Hole in the rock Rainbow Riders Hot Air Balloon Day 2-3. Sedona Meteor Crater Devil’s Bridge Subway Cave Day 4. Grand Canyon Day 5-6. Page Antelope Canyon White Ghost Hoodoo Day 7. Monumental Valley Day 8. Petrified Forest National Park Blue Mesa Day 9-10. Tucson Saguaro National Park Arizona-Sonora Desert Meseum
Last day of 2024! Happy New Year everyone and wish all good trading in 2025. Today we opened 2 Double Eagle trades. Trade 1. EA Double Eagle Exit Total PNL (before transaction cost): -60.8% Update 1/30: Bought back F5.31 120 C for $0.07, and exercised G5.7 140 P. The 155 call spread is worth $0
Trade Log 2024-12-31 Read More »
Trade #1: VXX Put Butterfly Exit Update 12/27: Vol move was in the expected direction, but it crushed too fast in the first half of the Christmas week, and popped quite a bit on Friday with the market selloff. I closed the trade during lunch hour when VXX was slightly below the profit range. Enter
Trade Log 2024-12-19 Read More »
A bad day for the portfolio after FOMC, but still got a double eagle trade in around noon. Trade 1. JNJ Double Eagle Exit Total PNL (before transaction cost): +21.6% Update 1/21: closed the rest 2/3 of the positions at two price levels, $1.22 and $1.25. Update 1/17: since the last closing trade, JNJ has
Trade Log 2024-12-18 Read More »
Trade 1. GS Double Eagle Exit Total PNL (before transaction cost): -10.4% Update 12/19: following the FOMC selloff, GS breached the put strike and the market’s attempt of rallying back seemed to have failed. Closed out the trade at $6.00 Enter
Trade Log 2024-12-10 Read More »
Iron condor is a delta neutral, high probability options trade. Given that most people’s portfolio is long the market for most of the times, incorporating iron condor in the portfolio can be a good way to add little or even negatively correlated profits. We can think of an iron condor as (1) short an inner
Iron Condor Backtest Read More »
