The Blow Off Trades – Week of 07/23/18

by | Jul 24, 2018 | Blow Off Tops/Bottoms

This Week’s Blow Off Top – Bottom Trades

Market Edge – ‘Market Posture’ Bullish
Blow Off Bottom Horizontal Trade (Bullish)
Open Short-Exp Long-Exp Put * Long-Def * Deferred
Open Stock ATM Put ATM -2 Put Spread ATM +2 Call Call Max
Stock Date Price Strike Price Strike Price Credit Strike Price Debit Loss
*GLD 07/23/18 $116.56 116.5 115.5 $0.32 118.0 $0.44 -$1.12
Blow Off Top Horizontal Trade (Bearish)
Open Short-Exp Long-Exp Call * Long-Def * Deferred
Open Stock ATM Call ATM +2 Call Spread ATM -2 Put Put Max
Stock Date Price Strike Price Strike Price Credit Strike Price Debit Loss
07/23/18 $128.42 128.0 129.0 $0.52 127.0 $1.41 -$1.89
* Indicates that the stock selection is in its second week so the defered call-put is the same.

 

Results For Last Week’s Blow Off Top – Bottom Trades

Blow Off Bottom Horizontal Trade (Bullish)
Open Close Open Close Open Close
Open Stock Close Stock P/L Spread Spread Call Call P/L Weekly
Stock Date Price Date Price Stock Credit Debit Debit Credit Trade P/L
GLD 07/16/18 $117.52 07/23/18 $116.56 -$0.96 $0.32 $0.91 $0.00 $0.00 -$59 -$59
$0 -$59
$0 -$59
$0 -$59
Profit/Loss Blow Off Bottom Trades: -$59
Weekly % Return: -0.3%
Blow Off Top Horizontal Trade (Bearish)
Open Close Open Close Open Close
Open Stock Close Stock P/L Spread Spread Put Put P/L Weekly
Stock Date Price Date Price Stock Credit Debit Debit Credit Trade P/L
LULU 07/16/18 $128.42 07/23/18 $126.45 -$1.97 $0.51 $0.00 $1.41 $1.89 $99 $99
$0 $99
$0 $99
$0 $99
Profit/Loss Blow Off Top Trades: $99
Weekly % Return: 0.5%
Total Risk Capital: $20,000
Total Profit/Loss: $40
Transaction Fees: ($5.00/$0.50) $17 # Of Trades: 3
Net Profit/Loss: $24
Total Weekly % Return: 0.1% Net % P/L–> 1.1%
Win % Loss % Annualized ROI
70.5% 29.0% 29.1%