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DELTA doubts in seasonally weak August


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#21 dTraderB

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Posted 09 August 2021 - 09:20 AM

Closed all NAT GAS SHORTS
will start new SHORT POSITION ABOVE 4.08


Good first week of AUGUST, great daytrading opportunities in a choppy & skittish  market with smaller intraday ATRs.

Added PUTS after taking profits on some, not large profits but managing trades to achieve NET GREEN in PUTS+ HEDGE LONGS. 

 

My biggest PUT positions & profits as well as occasional losses are usually in August & September.
Will add more PUTS & VXX CALLS above current  ES & NQ ATH

Will add more NAT GAS SHORTS above 4.18 and take profits below 4.05

 

58 SPY PUTS

63 QQQ PUTS

 

2 NQ HEDGE LONG 

14964.5  &  14882.25

 

2 ES HEDGE LONG 

4383.5 &  &  4402.75

 

10 VXX CALLS



#22 12SPX

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Posted 09 August 2021 - 11:02 AM

Rinse and repeat, out for 1 point profit but waited till the hour change to start my short build at 4427.  Off to tennis continue my build as I go.....



#23 12SPX

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Posted 10 August 2021 - 07:44 AM

Could have taken small profits last night but chose to leave it alone as I still believe were going to see at least some volatility start so still have my short on at 4427.  This is the first time in 15 months since I've had to do that so that's a great example of something not being right!! 



#24 12SPX

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Posted 10 August 2021 - 09:12 AM

And just like that we have an average sell of 4431! 



#25 12SPX

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Posted 10 August 2021 - 10:24 AM

Loads of fun, profit stop 4430, will sell above, this thing just needs to get a -2% correction and then it would all be good but heh why have a healthy market when you can build it to a point of a massive sell off lol!! 



#26 12SPX

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Posted 10 August 2021 - 10:34 AM

OK decided I couldn't do it, I'd rather just add to my short.  Gonna head to tennis and see what happens.  Starting to think its time to shut down day trading for awhile its not being that much fun anymore.  Easier to kick back and watch option premium decay and do other things lol!!  Speaking of that though added to my sold September 4500 call bringing it to an average of $35 now!! 



#27 dTraderB

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Posted 11 August 2021 - 07:37 AM

Two very low return days!  Grand total of $470, mainly due to NAT GAS profits

 

Will close 1 HEDGE LONG near or above 4440 if traded, reopen later if markets lower and/or I add more SPY PUTS

Same with 1 NQ HEDGE LONG

 

Will close some or all NAT GAS SHORTS below 4.04

Will reopen or add more NAT GAS SHORTS above 4.15 if traded

 

62 SPY PUTS

68 QQQ PUTS

 

2 ES hedge LONG

2 NQ HEDGE LONG

 

15 VXX CALLS

 

10 NAT GAS SHORT

 

Closed all NAT GAS SHORTS
will start new SHORT POSITION ABOVE 4.08
 

Good first week of AUGUST, great daytrading opportunities in a choppy & skittish  market with smaller intraday ATRs.
Added PUTS after taking profits on some, not large profits but managing trades to achieve NET GREEN in PUTS+ HEDGE LONGS. 
 
My biggest PUT positions & profits as well as occasional losses are usually in August & September.
Will add more PUTS & VXX CALLS above current  ES & NQ ATH

Will add more NAT GAS SHORTS above 4.18 and take profits below 4.05
 
58 SPY PUTS
63 QQQ PUTS
 
2 NQ HEDGE LONG 
14964.5  &  14882.25
 
2 ES HEDGE LONG 
4383.5 &  &  4402.75
 
10 VXX CALLS

 

 



#28 12SPX

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Posted 11 August 2021 - 07:45 AM

Taken out again for a 1 point profit with that CPI report strangely higher than expected but who cares lol!  Back in short starting at 4435.....



#29 12SPX

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Posted 11 August 2021 - 08:36 AM

And just like that average short 4440.  Think I'll hang onto these round numbers, would even be nice to get 4450.  We could fall -10% now and still hold 4000 lol!! 



#30 12SPX

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Posted 11 August 2021 - 08:48 AM

As every knows I do my profit stops and had a feeling this morning, so out for 1 point profit and back in now starting my short build at 4441....