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2021 SPX put credit spreads trading review – week 52

The last week of the year 2021 was still positive with a bull market intact for our SPX trading. Also, our indicators were bullish, so we opened new trades although these trades are now in the money (not all of them, just two of the most recent trades), we think they will recover because the indicators are unchanged despite the market’s minor pullback. If they do not recover and the market continues down, we will close the positions.

Last week, the account increased 25% while SPX increased a little over 0.85%.

 

Initial trade set ups

 

For my SPX strategy, I dedicated a $3,600 initial amount that will be used to trade SPX PCS strategy per week. If this amount is depleted, I will evaluate the strategy if to continue or change it. If I grow this amount, I will scale up the trading.
 

WHAT WILL WE TRADE?    
DAY DTE TYPE
MONDAY 7 DTE Put Credit Spread
TUESDAY 30 DTE Put Credit Spread
WEDNESDAY 7 DTE Put Credit Spread
FRIDAY 60 DTE Put Credit Spread
EVERY MONTH 120 DTE Put Debit Spread – HEDGE

 

Last week trading

 

DAY SIGNAL TYPE TRADE STATUS
MONDAY Positive New 7 DTE trade opened
credit: $285
Exp: Jan3
TUESDAY Positive New 30 DTE trade opened
credit: $315
Exp: Jan28
WEDNESDAY Positive New 7 DTE trade opened
credit: $360
Exp: Jan5
FRIDAY Positive New 60 DTE trade opened
credit: $85
Exp: Feb28
EVERY MONTH No new trade

 

On Monday, our entry signal was positive so we opened a new 7 DTE trade. That trade is still out of the money but the market sits near the short strike. If on Monday selling continues, we will have to close the trade for a loss. If the market rallies, it will expire for a full profit.

On Tuesday, our entry signal was positive so we opened a new 30 DTE trade. The short strike is now in the money but the trade has 27 days to expiration. Since all indicators are bullish, we will wait.

On Wednesday, the market was positive and we opened a new 7 DTE trade. That trade is now fully in the money (both strikes). If the market continues down next week, we will have to close the trade for a loss.

On Friday, the signal for the 60 DTE trade was positive, so we opened a new 60 DTE credit spread. We didn’t open a new 120 DTE debit hedging trade this week as we will be opening the hedge monthly only.
 

Here are our delayed open trades:
 

SPX PCS delayed trades
SPX PCS delayed trades
 

The trades are two weeks delayed. If you want to see the most recent trades or receive alerts, subscribe to our SPX alerts.
 

Overall, the strategy resulted in a $1,045.00 gain last week. Note that the gain might be unrealized as some or all trades may be still open.
 

Initial account value (since inception: 12/07/2021): $3,600.00
Last week beginning value: $4,170.00
Last week ending value: $5,215.00
The highest capital requirements to trade this strategy: $6,490.00
Unrealized Gain: $1,510 (+23.27%)
Realized Gain: $105 (+1.62%)
Total Gain: $1,615 (+24.88%)

 

SPX PCS account value
SPX PCS account value
 

SPX PCS account vs SPX
SPX PCS account vs SPX index
 

If you want to receive trade alerts whenever we open a new SPX put credit spread or a hedge trade, you can subscribe to our service:

 

SUBSCRIBE HERE

 

Note, if you wish to subscribe to multiple levels, you can do so by subscribing to one level only and then send us an email that you want to be added to other levels too.
 
 





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