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Allistah's Weekly Options Seller Journal
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Allistah's Weekly Options Seller Journal

  #51 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Ok, the Dow is up 144 right now, got the decent pop I was looking for. I closed out the long positions I opened yesterday morning. Could it continue to run up? Who knows, sure it could.. But on the longer term charts things are bearish and I'm not interested in playing that game. It could turn around at any time and continue downward. I'm not going to argue with 14% overnight.

Here is the actual data from ToS:
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...and here is the data in the spreadsheet that shows more details.
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All of the spreads from last week are still looking perfect for expiring worthless at the end of the day. Once the market is closed I will post the results from them.

-Allistah

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  #52 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Here is a copy of my trade log for my spreads. I've changed all of the contracts to 1. You have to manually manipulate some of the totals for each week as you don't know how many trades you'll have. There is also a P/L chart off to the bottom right.

Let me know if anyone has any questions.

Attached Files
Register to download File Type: xlsx SpreadsLog.xlsx (70.4 KB, 25 views)
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  #53 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


Where are the weekly options list in ToS? Here is where you can find it.

This is the watch list that shows all the stocks that have weekly options. This is maintained by ToS. I go through this list and see which ones give me good credits and then I make my own watch list out of the ones I pick from this list.

Here is a screenshot on where to find this list:

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Let me know if you have any questions..


Last edited by Big Mike; July 23rd, 2012 at 03:36 AM. Reason: Attachments removed by request of original poster
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  #54 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

So there were a number of trades that I wanted to get into but they have earnings next week so I decided to just stay away from those stocks. I'm not so sure about these spreads this week. It's not my usual setup of 6-10 and things are sort of mixed on the signals.

So, if this week doesn't play out well, I think I'll just avoid earnings week all together and not trade anything until it's done with.

The trade in red was a trade I got in but got back out of because I realized earnings are next week. Took a tiny loss.

The trades listed here are everything so far for next week, including the ones I've already closed this morning.

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  #55 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Welp, it's Friday and the markets have closed. All spreads from last week will be expiring worthless tomorrow. 55% return against risk not including commissions. I think I ended up at 54.3% after my commissions were taken out.

Ok! On to next week... So far the spreads are really weak because things are in the middle and the picks that I did have had earnings so I'm staying away from them. We will see what happens.

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-Allistah

 
  #56 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: Forex, stocks,ES
 
Posts: 7 since Jul 2012
Thanks: 0 given, 0 received


Allistah View Post
Here is a copy of my trade log for my spreads. I've changed all of the contracts to 1. You have to manually manipulate some of the totals for each week as you don't know how many trades you'll have. There is also a P/L chart off to the bottom right.

Let me know if anyone has any questions.




These results rocks!!!

 
  #57 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hey, thanks a lot! :-) I appreciate that.

 
  #58 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Here is my analysis for next week on the dow for the weekly and daily charts.

Dow Jones Week Chart
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Dow Jones Day Chart
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If anyone has any questions about any of this please speak up. This thread is all about learning. Not just myself but everyone else that reads it.

-Allistah


Last edited by Big Mike; July 23rd, 2012 at 03:36 AM. Reason: Attachments removed by request of original poster
 
  #59 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: Forex, stocks,ES
 
Posts: 7 since Jul 2012
Thanks: 0 given, 0 received


dellcnu View Post
I am not doing any spreads currently.
Just long calls and puts, but day trade NQ and ES full time.

A full time trader!!! Awesome! My goal is to become a full time trader like you, but not necessarily a 'day trader'.

Cheers.

 
  #60 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


Just looked over my charts and things are really a mixed bag at this point. Not too much is clear at this point so I need another day of action to change things up a bit so I can re-evaluate.

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