May 21 2019 (STT+BSH Trade Plan)

I just hit 18.5% for the year which puts me right on target for my expectations. I am hoping to hit 20% for H1 2019 (roughly 3.4% a month). I can compound monthly (and will) and after 3 years (36 months of compounding @ 3.5%) which should double money every 21 months..and 7x every 5 years 🙂 Let’s see how it goes with diligence and trade plan following. So far so good. Within the next 7 days I’ll close off Aug and probably Sep and I may start removing Oct as I’ve already got some good profit in there. Then I’ll just wait for another vol event and rinse repeat.

I am in MTL right now for a few tournaments, I got 240/1535 on the first one which was a speedy tournament with very quick blind levels. Busted TT vs AJ right relatively close to the bubble. I didn’t cash but was damn close. By far the best I’ve ever played, it’s not even close it’s a different level then even the last round of play and all due to the coaching arrangement I have setup w/ Ryan Laplante and CLC coaching. I’ve learned a ton and confidence is through the roof. Getting next level in the game and ready to get cracking and finally get a final table within the next year or two. If I can get some good runs near the end of a tournament that would set me up. I got deep yet again here (240 out of 1535!) but just had a cold few hours and the blinds were way to quick. The main event is 3x less speed and the WSOP events are like 10x slower. So I should have some good opportunities with the WSOP main events, MTL main and marathons.

Oct 4 – Nice! A 1.35% down day!

Finally got some volatility.

I put on the following today:

125 ES Units of HS3 (Futures)
10 units of CC (BWBSTT) in SPX
20 ES units of CC (BWBSTT) in ES
105 ES short puts for the BSH factory
10 units of Rhino Dec
100 ES PCS ATM for Dec/Jan HS3s
Some KH in my SPX account

Yesterday and late last week

5 units of X4V14
Rolled up my CC longs for January by 100 points (nice timing!)
Throughout last few days I got on 20 units of BWBSTT in SPX

All of my Jan and Dec STT campaigns are fairly neutralized as I’ve harvested the lower part of the risk profile. Kinda love that. They still have loads of theta but downside risk is much more contained. I basically only have March STTs that have BS risk but I’ve got hedges for that.

In my ES account, I still have about 200 old HS3 units from Dec/Jan that are about 70% of profit target. I just sold some ATM PCS at today’s bottom to raise the UEl and get them less negative delta. Will be closing Dec very soon.

I added 125 ES units in March expoiration(67.5 SPX equiv) and I consider it an opportunistic trade as well as added some ES CC (STTBWB) and started the short selling for the factory. I have a factory started both in the ES and SPX.

Busy day today, the type of day where you work for your money.

Had some minor vol related draw downs but no big deal, temporary and extremely small. The X4 I put on yesterday was poor timing 🙂 That thing is down about 3k. It’s funny, I can predict what my balance would be during a 1.35% down-day almost exactly as well as the rise in balance when we have a end of day relief rally (like now).

I do have about 105 shorts exposed on my BSH factory that was borderline ready to form yesterday (wish I had) but those Dec puts will be a magnet down in value if we get any bounce and as a week or so goes by. Once they are formed, I’ll have about 100 units of BSH formed for profit.