Will show the unrealized loss in the last month, therefore in Feb.

MES is up since the previous post so the loss is now less at -$785.

Was travelling the last couple of weeks so fell behind on the updates.

Made a mistake and sold the wrong call on the 24th of Feb. Should have been one week later but instead sold only 4 days out. That meant I was assigned at 4320 and the long futures contract was closed. Not sure it would have made much a difference now since MES is falling again.



With the increased volatility, managed to get a good credit 1 SD out.


So far, the 2 main drawbacks of this strategy are

- the increased risk in trading futures and
- not being able to sell calls for a decent credit, far enough from the current price. If price does go higher, you get assigned at a price below the cost price of the trade

PK007 

Made a mistake and sold the wrong call on the 24th of Feb. Should have been one week later but instead sold only 4 days out. That meant I was assigned at 4320 and the long futures contract was closed. Not sure it would have made much a difference now since MES is falling again.

If you hadn't had that long position called away wouldn't you now be down 100 points on the future?

SMCJB 

If you hadn't had that long position called away wouldn't you now be down 100 points on the future?

Yes. Just wanted to point it out as a mistake since it wasn't strictly according to the rules of the strategy I set for myself in the first post.

SMCJB 

Hahaha....Exactly!