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2022 SPX put credit spreads trading review – week 46

Last week was hectic trading. The markets were flat overall, but intraday, they were choppy and unpredictable. Trading SPX was difficult. We didn’t open any new trades; rather, we managed the old ones to let them expire worthless. That cost some money as many of these trades are debit trades. But in the past, we collected enough credit, and we can afford to use that credit to adjust older trades.
 

Our trades delivered a -$622.00 loss. Our account weekly trading is down by -1.65% while SPX lost -0.69%.
 

Our SPX account is up +930.03% since the beginning of this program, and we have $39,077 in unrealized gains.

 

Initial SPX trade set ups

 

I dedicated a $3,600 initial amount that will be used to trade SPX PCS strategy per week. Today, the account is up at $37,702.95. However, due to the recent bear market, many trades are still open, and the funds are tied to those open trades. The trades need to expire or be closed for a profit to release the funds.
 

Our SPX strategy is designed as directional options trading. We are selling credit put spreads to collect premiums, and hopefully, these spreads expire worthlessly, or we repurchase them for a small debit.

We use a set of indicators (primarily based on moving averages and volume profiles) and market sentiment that generates bullish signals. The trading is based on a “trend-following strategy.” We open the trade if we have a bullish signal and a bullish trend. If we do not have a signal, we stay away. We also trade credit call spreads when we have bearish signals. In a choppy market, we stay away from or trade very short expirations (usually 1 or 2 days or up to 7 days), but the trading is muted as we need a trending market. Unfortunately, today, we do not have a trending market (yes, overall, it is a down-trending market, but for short-term trades, it is choppy and not trending).
 

Here you can see all our trades:

 
SPX PCS account value
Click on the picture above to see the entire list.
 

Last week trading

 

Overall, the strategy resulted in a +930.03% gain last week.
 

Initial account value (since inception: 12/07/2021): $3,600.00
Last week beginning value: $37,702.95
Last week ending value: $37,702.95 (-1.65%; total: +930.03%)
The highest capital requirements to trade this strategy: $19,995
Current capital at risk: -$13,077
Unrealized Gain: $39,077 (-298.82%)
Realized Gain: -$5,660 (43.28%)
Total Gain: $33,417 (-255.54%)
Win Ratio: 56%
Average Winner: $317
Average Loser: $485

 

SPX PCS account value
SPX PCS account value
 

SPX PCS account vs SPX
SPX PCS account vs SPX index net liq
 

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 that if you wish to subscribe to multiple levels, you can only subscribe to one level and send us an email that you want to be added to other levels.

Also, if you like this report, hit the like button so I know there is enough audience wanting to see this type of report. If you have any questions or want to see anything else about my SPX trading, do not hesitate to contact me or comment in the comments section. Thank you!

 
 





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