Impulse STrategy

About this Strategy

This strategy uses Elliott Analysis to identify stocks likely to move higher or lower to specific price targets. Option strategies, being Butterflies, Directional Spreads or straight Calls/Puts are primarily used to capture leveraged profit from these moves while managing risk.
Where Elliott Wave analysis shows an expected impulse then our analysis uses Fibonacci levels to determine likely price targets. We then assess which option strategy is most appropriate. This will largely be determined by the how far out of the money (OTM) our price target is and whether open interest and volume exist in sufficient options strikes to build an appropriate spread.
Butterflies are the preferable option strategy for these opportunities, however are not always available OTM strikes. In these instances either directional spreads or on some occasions buying straight calls or puts can be equally valuable.

Strategy Guidelines

Strategy Commenced December 2017
Primary Strategies Used Butterflies
Directional Spreads
Long Calls/Puts
Instruments Traded US Exchanged Traded Options
US Listed Equities
US Listed ETFs
Trading Alerts Entry Alert
Adjustment Alerts
Roll Alert
Exit Alert
Capital Required Minimum $5,000 USD
Suggested $10,000 USD
Risk Management Position Sizing: 10% of min. capital
Position Value: $500 per trade
Trading Frequency Aim 3 to 4 trades per month
Maximum 10 open positions
Trade Duration Typically from 3 days to 3 weeks

Summary Statistics

1
Total
Trades
1
Winning
Trades
1 %
Winning
Trades %
1 %
Return on
Account

Equity Curve

Comments:
1. Hypothetical non-compounded returns since Inception.
2. Portfolio return based on $5,000 model starting account.
3. Returns excludes subscription costs and broker fees & commissions.

Trade Journal

Symbol Strategy Entry Date Entry Price Position Size Exit Date Exit Price ROI Days Held Status
SLV Long Call 9-Aug-19 $0.37 10 28-Aug-19 $0.71 91.9% 19 Win
SPY Long Call 5-Aug-19 $2.20 2 6-Aug-19 $2.75 25.0% 1 Win
MA Long Call Butterfly 2-Jul-19 $0.58 1 30-Jul-19 $0.89 51.7% 28 Win
KKR Long Call 3-Apr-19 $0.60 2 24-Jul-19 $0.55 -8.3% 112 Loss
MA Call Debit Spread 22-May-19 $2.05 5 2-Jul-19 $3.29 60.5% 41 Win
GOOGL Call Debit Spread 3-May-19 $3.70 5 10-Jun-19 $3.15 -14.9% 38 Loss
KMI Long Call 22-May-19 $0.60 5 6-Jun-19 $0.90 50.0% 15 Win
SPY Long Put 10-May-19 $2.90 1 31-May-19 $4.24 46.2% 21 Win
ALGN Call Debit Spread 26-Apr-19 $3.21 1 3-May-19 $4.45 38.6% 7 Win
XLF Long Call 26-Apr-19 $0.45 8 3-May-19 $0.68 51.1% 7 Win
GOOGL Call Debit Spread 17-Apr-19 $4.50 1 26-Apr-19 $6.20 37.8% 9 Win
MPWR Long Call Butterfly 19-Feb-19 $0.60 5 3-Apr-19 $1.15 91.7% 43 Win
AZO Long Call Butterfly 30-Jan-19 $0.32 5 25-Mar-19 $0.75 134.4% 54 Win
CSCO Long Call 21-Jan-19 $0.54 8 13-Mar-19 $0.82 51.9% 51 Win
TAL Long Call Butterfly 26-Dec-18 $0.10 20 1-Mar-19 $0.17 70.0% 65 Win
ORLY Long Call Butterfly 11-Dec-18 $0.50 10 13-Feb-19 $3.00 500.0% 64 Win
CI Long Call 4-Dec-18 $1.95 2 27-Dec-18 $4.25 118.0% 23 Win
PNW Long Call 27-Nov-18 $1.95 2 17-Dec-18 $2.23 14.4% 20 Win
OGS Long Call 29-Nov-18 $1.00 5 17-Dec-18 $0.93 -7.0% 18 Loss
CLX Long Call Butterfly 16-Nov-18 $0.85 5 11-Dec-18 $1.52 78.8% 25 Win
SPY Put Debit Spread 16-Nov-18 $2.45 2 6-Dec-18 $5.11 108.6% 20 Win
AZO Put Debit Spread 5-Nov-18 $5.00 1 4-Dec-18 $7.83 56.6% 29 Win
MA Long Call Butterfly 17-Sep-18 $0.58 7 3-Dec-18 $1.30 124.1% 77 Win
SPY Put Debit Spread 15-Oct-18 $1.44 3 20-Nov-18 $2.46 70.8% 36 Win
PLCE Long Call Butterfly 1-Oct-18 $0.25 15 16-Nov-18 $0.09 -64.0% 46 Loss
BIDU Put Debit Spread 15-Oct-18 $0.96 5 24-Oct-18 $5.05 426.0% 9 Win
SPY Put Debit Spread 17-Oct-18 $1.70 3 23-Oct-18 $3.40 100.0% 6 Win
FB Put Debit Spread 31-Jul-18 $0.88 5 11-Oct-18 $1.69 92.1% 72 Win
ATVI Long Call Butterfly 1-Oct-18 $0.33 10 5-Oct-18 $0.21 -36.4% 4 Loss
MMS Long Call 10-Sep-18 $1.50 3 1-Oct-18 $0.65 -56.7% 21 Loss
FFIV Broken Wing Butterfly 17-Sep-18 $0.11 20 27-Sep-18 $0.34 209.1% 10 Win
LULU Call Debit Spread 13-Aug-18 $1.23 3 31-Aug-18 $1.95 58.5% 18 Win
PLCE Long Call Butterfly 13-Aug-18 $0.68 7 29-Aug-18 $1.02 50.0% 16 Win
UNP Long Call Butterfly 29-May-18 $0.64 7 2-Aug-18 $1.89 195.3% 65 Win
TXRH Long Call Butterfly 25-Jun-18 $1.90 2 20-Jul-18 $5.00 163.2% 25 Win
MPWR Long Call Butterfly 3-Jul-18 $1.55 3 20-Jul-18 $3.45 122.6% 17 Win
ESRX Long Call Butterfly 29-May-18 $1.03 4 13-Jun-18 $1.78 72.8% 15 Win
CVX Long Strangle 4-Apr-18 $4.75 1 9-May-18 $9.07 91.0% 35 Win
UUP Long Call 23-Apr-18 $0.22 20 9-May-18 $0.53 140.9% 16 Win
ULTA Long Call Butterfly 16-Apr-18 $0.23 20 26-Apr-18 $0.40 73.9% 10 Win
XLE Long Strangle 10-Apr-18 $2.21 2 18-Apr-18 $2.45 10.9% 8 Win
PAYC Long Put 26-Mar-18 $3.40 1 2-Apr-18 $7.10 108.8% 7 Win
SPY Long Strangle 23-Feb-18 $4.85 1 23-Mar-18 $6.50 34.0% 28 Win
SPY Long Put 19-Jan-18 $2.14 2 5-Feb-18 $16.17 655.6% 17 Win
CDW Long Strangle 29-Dec-17 $1.83 2 1-Feb-18 $3.80 107.7% 34 Win
GOOG Long Call Butterfly 7-Dec-17 $1.60 3 16-Jan-18 $4.70 193.8% 40 Win
STZ Long Call Butterfly 22-Dec-17 $1.62 3 29-Dec-17 $2.25 38.9% 7 Win
MO Long Call Butterfly 15-Dec-17 $0.44 10 19-Dec-17 $0.68 54.6% 4 Win
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