Quick Take: Blow Off Bottom – Bullish Trade
Time Frame: Three To Seven Days.
Underlying Stock: Bullish Market Edge Opinion – No Stock Position.
Desired Stock Price Direction: Up.
Option Position: Short Expiring ATM Put – Long Expiring ATM -2 Put (Bullish Put Credit Spread) & Long Deferred ATM +2 Call.
Maximum Risk: Initial Put Credit Spread minus the Deferred Call Debit.
Summary: The stock performs as anticipated. The short expiring put spread expires worthless and the long deferred call gains additional premium.
Quick Take: Blow Off Top – Bearish Trade
Time Frame: Three To Seven Days.
Underlying Stock: Bearish Market Edge Opinion – No Stock Position.
Desired Stock Price Direction: Down.
Option Position: Short Expiring ATM Call – Long Expiring ATM +2 Call (Bearish Call Credit Spread) & Long Deferred ATM -2 Put.
Maximum Risk: Initial Call Credit Spread minus the Deferred Put Debit.
Summary: The stock performs as anticipated. The short expiring call spread expires worthless and the long deferred put gains additional premium.
Current Blow Off Trades
| Blow Off Bottom Horizontal Trade (Bullish) | |||||||||||
| Open | Close | Open | Close | Open | Close | ||||||
| Open | Stock | Close | Stock | # Of | Spread | Spread | Call | Call | P/L | Weekly | |
| Stock | Date | Price | Date | Price | Spreads | Credit | Debit | Debit | Credit | Trade | P/L |
| BA | 12/10/18 | $322.24 | 12/14/18 | $318.75 | 1 | $2.05 | $3.75 | $8.50 | $3.00 | -$720 | -$720 |
| -$720 | |||||||||||
| -$720 | |||||||||||
| Profit/Loss Blow Off Bottom Trades: | -$720 | ||||||||||
| Weekly % Return: | -3.6% | ||||||||||
| Blow Off Top Horizontal Trade (Bearish) | |||||||||||
| Open | Close | Open | Close | Open | Close | ||||||
| Open | Stock | Close | Stock | # Of | Spread | Spread | Put | Put | P/L | Weekly | |
| Stock | Date | Price | Date | Price | Spreads | Credit | Debit | Debit | Credit | Trade | P/L |
| NONE | 12/10/18 | $0.00 | 01/00/00 | $0.00 | 0 | $0.00 | $0.00 | $0.00 | $0.00 | $0 | $0 |
| $0 | $0 | ||||||||||
| $0 | $0 | ||||||||||
| Profit/Loss Blow Off Top Trades: | $0 | ||||||||||
| Weekly % Return: | 0.0% | ||||||||||
| # Of Trades: | 1 | ||||||||||
| Total Risk Capital: | $20,000 | ||||||||||
| Total Profit/Loss: | -$720 | ||||||||||
| Total Weekly % Return: | -3.6% | ||||||||||
| Track Record | |||||||||||
| % | % Annualized | # Of | # Of | ||||||||
| Win % | Loss % | P/L | P/L | Trades | Weeks | ||||||
| 48.8% | 51.2% | -7.0% | -19.3% | 41 | 19 | ||||||
Results For Previous Blow-Off Trades
| Blow Off Bottom Horizontal Trade (Bullish) | ||||||||||||
| Open | Close | Open | Close | Open | Close | |||||||
| Open | Stock | Close | Stock | # Of | Spread | Spread | Call | Call | P/L | Weekly | ||
| Stock | Date | Price | Date | Price | Spreads | Credit | Debit | Debit | Credit | Trade | P/L | |
| BA | 12/10/18 | $322.24 | 12/14/18 | $318.75 | 1 | $2.05 | $3.75 | $8.50 | $3.00 | -$720 | -$720 | |
| -$720 | ||||||||||||
| -$720 | ||||||||||||
| Profit/Loss Blow Off Bottom Trades: | -$720 | |||||||||||
| Weekly % Return: | -3.6% | |||||||||||
| Blow Off Top Horizontal Trade (Bearish) | ||||||||||||
| Open | Close | Open | Close | Open | Close | |||||||
| Open | Stock | Close | Stock | # Of | Spread | Spread | Put | Put | P/L | Weekly | ||
| Stock | Date | Price | Date | Price | Spreads | Credit | Debit | Debit | Credit | Trade | P/L | |
| NONE | 12/10/18 | $0.00 | 01/00/00 | $0.00 | 0 | $0.00 | $0.00 | $0.00 | $0.00 | $0 | $0 | |
| $0 | $0 | |||||||||||
| $0 | $0 | |||||||||||
| Profit/Loss Blow Off Top Trades: | $0 | |||||||||||
| Weekly % Return: | 0.0% | |||||||||||
| # Of Trades: | 1 | |||||||||||
| Total Risk Capital: | $20,000 | |||||||||||
| Total Profit/Loss: | -$720 | |||||||||||
| Total Weekly % Return: | -3.6% | |||||||||||
| Track Record | ||||||||||||
| % | % Annualized | # Of | # Of | |||||||||
| Win % | Loss % | P/L | P/L | Trades | Weeks | |||||||
| 48.8% | 51.2% | -7.0% | -19.3% | 41 | 19 | |||||||