early heads up, the QE BTS sub system, which went long on May
14th Monday may close out today. Here's a snaphot of the
current G/L of the open trades. Obviously both the ETF and
option trade would be closed. The Trend system trades will
remain active and long
someone asked why do I like the options over the ETF's?
the table show why: so with the ETF you would have
$30,000 invested and up around $700. However for the options you
only have $11K invested and up around $1850
also regarding the QE BTS sub system that I said will be closing
out. Actually in the system that trade closes out on the next
day's open, which would be tomorrow morning on the open not today
at the close.
that said, here's the stats of the system closing out tomorrow
on the open and at the close today. Honestly it's 6 one half
dozen the other as sometimes one is better, than the other is
better etc. The next day open has a slightly higher PF of 30
vs 27.8 but not's not much different. total profit 40.3K vs
40.1K meh. 89% on next day open vs 88.2 on close. Again
pick your poison. If you have shares of ETF you can just
split it and sell out 1/2 today at the close and the other 1/2
tomorrow on the open. If you more than 1 call option you can sell
1/2 today and 1/2 tomorrow. if you have only 1 call option for this
trade then you have to pick. anyway figured I'd share
yes and realize that the effect would be MUCH greater had I used
options with a lower delta such as 70 or 60, the returns would be
probably be double at least. I still haven't decided on the
options fully until I finish my spreadsheet. Since we are
using higher probably sub systems than the old SPY system it might
make sense nice to use options with delta's as high as 90, but
instead pick ones with a 70 or 80 for the first entry.
but otherwise I'll be keeping a similar format keeping all the
live trades in the spreadsheet and also doing them in my account.
In the future we can have a nicely fleshed out SPY section.
SPY system update
Posted by matt on 16th of May 2019 at 10:33 am
early heads up, the QE BTS sub system, which went long on May 14th Monday may close out today. Here's a snaphot of the current G/L of the open trades. Obviously both the ETF and option trade would be closed. The Trend system trades will remain active and long
someone asked why do I
Posted by matt on 16th of May 2019 at 11:00 am
someone asked why do I like the options over the ETF's? the table show why: so with the ETF you would have $30,000 invested and up around $700. However for the options you only have $11K invested and up around $1850
also regarding the QE BTS
Posted by matt on 16th of May 2019 at 12:24 pm
also regarding the QE BTS sub system that I said will be closing out. Actually in the system that trade closes out on the next day's open, which would be tomorrow morning on the open not today at the close.
that said, here's the stats of the system closing out tomorrow on the open and at the close today. Honestly it's 6 one half dozen the other as sometimes one is better, than the other is better etc. The next day open has a slightly higher PF of 30 vs 27.8 but not's not much different. total profit 40.3K vs 40.1K meh. 89% on next day open vs 88.2 on close. Again pick your poison. If you have shares of ETF you can just split it and sell out 1/2 today at the close and the other 1/2 tomorrow on the open. If you more than 1 call option you can sell 1/2 today and 1/2 tomorrow. if you have only 1 call option for this trade then you have to pick. anyway figured I'd share
thank you, so this essentially
Posted by shecar on 16th of May 2019 at 11:40 am
thank you, so this essentially has to do with the ability to employ leverage via options right?
yes and realize that the
Posted by matt on 16th of May 2019 at 11:45 am
yes and realize that the effect would be MUCH greater had I used options with a lower delta such as 70 or 60, the returns would be probably be double at least. I still haven't decided on the options fully until I finish my spreadsheet. Since we are using higher probably sub systems than the old SPY system it might make sense nice to use options with delta's as high as 90, but instead pick ones with a 70 or 80 for the first entry.
but otherwise I'll be keeping a similar format keeping all the live trades in the spreadsheet and also doing them in my account. In the future we can have a nicely fleshed out SPY section.
thank you
Posted by shecar on 16th of May 2019 at 11:46 am
thank you