Trading week 16/2020 lasted from April 13 until April 17, 2020. After five positive weeks, this week comes with a loss.
In total six new trades were established this week. After a long time, I decided to return back to trading regular verticals, and so this week sold two verticals on NRZ and RDSA. An additional four ratio backspreads were sold on RDSA.
Regular verticals give more upfront premiums.
From closed trades, I closed 11 trades: 4 ratio back spreads on RDSA, 2 ratio back spreads on NRZ and one ratio back spread on PBCT, the rest (EUN2, VGK, USO and GPS) were expiring long legs from previous week ratio back spreads, which expired worthless. Technically I took a loss this week, practically, as some of the positions were closed with a profit already in the previous weeks, this is just a technical loss
Week 1-16 2020 Trading Results
So far, after sixteen weeks of trading in 2020, my total net income for the year is very humble +$200.22, while gross income stands at $828.72
Looking to make at least net $100 (after commissions) next week
