SPDR S&P 500 (SPY)

[NetNeutral]

We finished the week with a -16.40 loss as our put buys cost us -160 in losses and while we has some good call trade gains we had a net loss of -7.72 last week for a total net loss over the last two weeks of -24.12!

That said, we go into Monday with 291 9/21 calls and will likely continue to play calls as it appears Spy is destined to tag the R8(293.16) or the Up 10% for the Year marker??

Spy closed at 290.88 or up 9.1% for the year using the YTD OE Pivot of 266.51(the close on 12/15/17)!


If you haven't noticed we've switched to swing trading and buying at the Close giving us only a few trades a week based on price action. Our swing trades are focused on price targets and could last a day or week depending on how fast our targets get breached?

As everyone should know by now our strategy is to let-it ride, meaning we'll take the loss on expired option plays as to take full advantage of price swings until the last few minutes of the options life-cycle! This is important as its proven the best strategy versus just selling and trying to recoup our losses! Why, because having said options in play we get to us those puts or calls to FADE as price nears our decaying open positions strike price!

Obviously, being up over 1300 for the year allows us peace of mind using said strategy and lends to our physiological disposition as those positions expire, well, WORTHLESS! In other words there is Zero emotional impact from said loss, HOUSE MONEY...


Open positions:

9/21
291 calls at 1.10, Long(Q x 16),


Wkly Closed Positions: -16.40 loss

BTO, 9/12 2850 putts at 8.55, Short(Q x 3), Expired at 0.00, -102.60 loss(Q x 16)

9/21
289 calls at 1.55, Long(Q x 16), Sold at 2.55, 64.00 gain(Q x 16)

9/14
288 calls at 1.50, Long(Q x 16), Sold at 2.00, 32.00 gain(Q x 16)
288 calls at 1.40, Long(Q x 16), Sold at 2.00, 38.20 gain(Q x 16)
289 calls at 1.15, Long(Q x 16), Sold at 1.40, 16.00 gain(Q x 16)

9/10
288.00 puts at 1.00, Short(Q x 16), Expired at 0.00, -64.00 loss(Q x 16)




YTD Gains/-Loss, 1346.92 gain
Wk ending 9/14, -16.40
Wk ending 9/07, -7.72 loss
Wk ending 8/31, 34.64 gain
Wk ending 8/24, -65.92
Wk ending 8/17, 139.95 gain
Wk ending 8/10, 34.40 gain
Wk ending 8/03, 93.00 gain
Wk ending 7/27, -44.00 loss
Wk ending 7/20, 96.00 gain
Wk ending 7/13, -15.28 loss
Wk ending 7/06, 22.80 gain
Wk ending 6/29, 16.00 gain
Wk ending 6/22, 74.24 gain
Wk ending 6/15, -51.84 loss
Wk ending 6/08, -2.60 loss
Wk ending 6/01, 108.00 gain
Wk Ending 5/25, 82.40 gain
Wk Ending 5/18, 6.89 gain
Wk Ending 05/11, 8.16 gain
Wk Ending 05/04, 71.36 gain
Wk Ending 04/27, -4.80 loss
Wk Ending 04/20, 79.52 gain
WK Ending 04/13, -83.60 loss
Wk Ending 04/06, 198.62 gain
Wk Ending 03/29, 74.80 gain
Wk Ending 03/23, 74.72 gain
Wk Ending 03/16, -43.72 loss
Wk Ending 03/09, 21.30 gain
Wk Ending 02/23, 138.72 gain
Wk Ending 02/16, -49.85 loss
Wk Ending 02/09, 309.53 gain
Wk Ending 02/02, -10.62 loss
Wk Ending 01/26, 24.82 gain
Wk Ending 01/19, 6.27 gain
Wk Ending 01/12, 27.51 gain
Wk Ending 01/05, -3.81 loss
Wk Ending 12/29, 4.03 gain