Last week I traded a few SPX trades only. Most of them finished as winners, but the last one had to be rolled as the market jumped up too much. I didn’t expect that. Now I will not be opening any new trades until this one is gone, plus I will be repairing the old Continue reading →

Last week we opened only two SPX trades and one adjustment. All trades finished for a nice profit. If the market continues higher for the year-end, we may have more successful trades.   Our trades delivered a $367.00 gain. Our account weekly trading is up by 0.99% while SPX gained 4.74%.   Our SPX account Continue reading →

We traded only two SPX trades last week and one SPY butterfly adjustment. That trade may end busted. Maybe, next week I will try to adjust that trade again to squeeze some credit from it, but as of today, the trade might be just a bust. I wanted to adjust that trade to a credit Continue reading →

Last week SPX trading started well… and then it all puked again. This is definitely a very difficult time to trade. You can get whipsawed quickly or you adopt a strategy where you maintain the trades and adjust them to stay afloat and eventually a winner in the end. Some traders open a trade, usually Continue reading →

I didn’t have much time to report a trading a week ago as I was traveling. Fortunately, I could manage the trades. When preparing today’s report on our SPX trading, I was surprised to see that I had made money. We delivered enough credit to eventually offset other trades. We will be working on that Continue reading →

Last week was brutal. SPX lost over 4.7% and many of our SPX trades that were bullish are underwater again. I reversed trading to credit call spreads instead and try to manage the open trades by rolling them away and waiting for a better opportunity to manage them. It will be a long process.   Continue reading →

Last week the market stopped at 3,900 support, reversed, and started going higher again. That was not good for our SPX trading as I was preparing for more selling opening credit call spreads. When the market reversed, I had to reverse the trades too. Last week, I had a “box” trade that was set to Continue reading →

The sell-off continued last week and that affected performance of our SPX strategy. I did a few trades last week – adjusting one trade by rolling it away using a “box” trade. Then I opened a new credit call spread with an expiration last Friday. The spread expired worthless for a full profit. I also Continue reading →

This week’s SPX trading report is easy – I didn’t trade. I didn’t even roll any existing trades but I will do roll next week, or adjust in some way. I was traveling and didn’t have time to watch the account. So I left it alone on autopilot and maybe, it was a good thing Continue reading →

I wasn’t trading SPX much last week. After only a few adjustments, but after that, I was just waiting for the expiration. The trades expired on Thursday (based on Friday’s opening price). I am heading into the next week with existing trades only and do not plan on opening new trades. I might if the Continue reading →