This was the update a couple of days ago. Currently, it's very likely that I'll be assigned the contract on the 23rd but let's see.

Update:

Happy to see that last trade closed out for a profit.

PK007 

Update:

Thank you for the update.
May I ask, how did you get $56.25 for Dec 31 Sell Put 4585 (with underlying 4719).
Tastyworks only offer $29 right now (underlying 4720.5)

Mativen 

Thank you for the update. May I ask, how did you get $56.25 for Dec 31 Sell Put 4585 (with underlying 4719). Tastyworks only offer $29 right now (underlying 4720.5)

That's just me being lazy. I place limit orders most of the time. The sell order got filled at 4:00 am EST on the 23rd as per the transaction detail from Tastyworks below. At that specific time the MES was at 4694.

When I update the trades on the table, I don't scroll through the chart to get the exact point in time. I just take the price from the daily bar.

I can probably remove that column with the underlying price anyway. Initially I was planning to plot it on the chart but then it makes it too busy to read.

Thank you for your clarification.

PK007 

That's just me being lazy. I place limit orders most of the time. The sell order got filled at 4:00 am EST on the 23rd as per the transaction detail from Tastyworks below. At that specific time the MES was at 4694. When I update the trades on the table, I don't scroll through the chart to get the exact point in time. I just take the price from the daily bar. I can probably remove that column with the underlying price anyway. Initially I was planning to plot it on the chart but then it makes it too busy to read.

Update:

Update:

Got assigned 1 long contract. The unrealised profit/loss is calculated at the current price of 4663 when I posted this.

It's not pretty! But can't stop posting just because it's in a loss.

This strategy WILL have large drawdowns in extreme downturns. Although this was expected, it's still painful to see the big swing in the P/L chart. Anyway, will have to shoulder on to see where this is going.

As mentioned before, this should not be the only strategy and definitely not traded at max account size. I think about 2% of account makes sense, but I would rather have more data (at least 1 year) before making a final call.


Because price has moved so quickly down, I managed to get 1 extra short call transaction in last week.
The overall breakeven MES price for the strategy since Sep 2021, is about 4504 (current loss of $665 / $5 per point + current price of 4371). Excluding the current short call premium.