A Comparison of Backtesting Tools
— Read on www.aaii.com/journal/article/a-comparison-of-backtesting-tools
I have been trading options for a bit but starting to keep journal of my trades here. I have lost some serious money in it but also made some money, overall I am breakeven at this point. Based on my previous experience, I will avoid making big risky trades in options and keep my risk to $500 or less while I still learn this.
My current portfolio:
June 21 Expirations
|AAPL||Iron Condor||195/200/205/210||370 Credit||$500||Sold before trade war started. Now it is looking a loser trade.|
|CARA||Iron Condor||10/12.5/22.5/25||$828 Credit||$1750||Strike prices are way out of 1 standard deviation. Pretty good ratio of reward to risk.|
|LULU||Iron Condor||150/160/190/200||$361 Credit||$1000||Earnings are coming up. Could spike up or down after earnings. Though strike prices are around 1 standard deviations when I bought it, I lost big on INTU. Need to stop doing earning plays.|
|ORCL||Iron Condor||48/52/55/59||$361 credit||$1200||No earnings, 1 std. deviations away strike price when I bought it but $52 put is ITM. Probably should close this position if it keeps dropping|
|ORCL||Iron Condor||47/51/56/60||$383 credit||$1200||Bought this to try laddering but now I don’t like it. Too concentrated in one position. If Oracle keeps falling, I will lose $2400 instead of $1200.|
|SBUX||Iron Condor||72.5/75/80/82.5||$440||$1250||No earnings, 1 std. deviations away strike price. Looks like it is behaving as expected.|
|SNAP||Call Credit Spread||12.5/13||This was a mistake. Bought $13 call but it kept falling, I could have closed position but selling an opening $12.5 call earned me more credit. It is overall loser trade, will try to close it as soon as possible.|
June 28th Expirations
SPY Long Call at $295 expiration. When market was rising, I would buy calls and sell them at 20-30% profits. It was easy money. And whenever there was a dip, I would double my position and still come out ahead. Here I did same thing but market has not bounced back and unlikely to. I would lose almost $2000 here.
July 19th Expirations
|CAT||Debit PUT Spread||110/120||$275||Trade war and down trending market.|
|QQQ||Credit Call Spread||186/187||$119||$400||1 std deviation, trade war. Buying ETF reduced risk of huge spikes.|
I have been watching TastyTrade and OptionAlpha videos. A lot of useful information.
Trading and Data Science