Blog Reopened

I had closed this blog a few months back due to lack of time to keep it updated. However, with some new features in ThinkOrSwim's MyTrade, I believe I can update the blog much more easily now, so I have decided to reopen VEGA Trading. The way it works is when I make a trade in ThinkOrSwim (TOS), I can make the trade available to my Twitter account via MyTrade in TOS. I can also have all tweets from Twitter get posted automatically to this blog. So I can post my trades from TOS to here automatically through Twitter. The format will be alot different, but the information should all be there. Let me know via comments if you find the new format useful.

Right now I am focusing on two types of trades: PCCRCs and Diagonals. I have some Iron Condors open still but I am not planning on continuing to trade them. My current PCCRCs will be getting closed this week but I anticipate new ones opening over the next several weeks as earnings are announced. Below are my current positions, but again future updates will be in a much different format.

CTXS Call Seagull

The call seagull is another form of the PCCRC, with different options but nearly identical characteristics. I have rolled the long calls in this one a few times as CTXS has moved up resulting in the U shaped risk graph shown below. Right now this is my second best performing PCCRC ever, with a profit of 45% (click on the picture below to make it larger).

INFA Call Seagull

INFA is similar to CTXS, a call seagull that has moved up with me rolling the long calls to capture some profit. The current profit is +38%.

INTU Put Seagull

INTU is a put seagull that has stayed closer to the initial price I opened it at. I did roll the long call up one strike so far. I choose between PCCRCs, Call and Put Seagulls based on which trade is cheaper at the time I am opening it. Currently the INTU position is up 9%. 

NOV Bullish Diagonal

This position was opened last Thursday and currently is showing a loss of 8%.

XLE Bullish Diagonal

This one was also opened last Thursday and is down 3%.

MOS Bearish Diagonal

MOS opened last Thursday as well and with the down move of the market today is up 1%.