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Saturday, June 27, 2015

Weekend Portfolio Analysis (June 27, 2015)

The SPX Index opened the week at 2112.50 and closed it at 2101.49 for a small 0.52% loss. Year to date, the index, also known as "the market" is up +2.07%, with the first half of the year almost gone. Presumably 90% or so of traders in the world, including professional money managers, are making less than 2% for the year so far. You can count on that.

It was a fun week where I made the first trade of the August expiration cycle: a RUT 1150/1160/1350/1360 unbalanced Iron Condor. For more details about that trade you can read my article here.

Tuesday, June 23, 2015

August 2015 RUT unbalanced Iron Condor

Today I entered the first position of the August 2015 monthly options expiration cycle:

Saturday, June 20, 2015

Weekend Portfolio Analysis (June 20, 2015)

The June 2015 monthly expiration cycle is now in the books. The RUT 1130/1140/1340/1350 unbalanced Iron Condor expired for maximum profit yesterday improving the performance of the overall portfolio to +13.82% year to date. This is a decent return half way through the year and represents +27.64% annualized. It remains to be seen whether I'll be able to repeat this performance on the second half of the year, but I'm confident I can perform decently with all the lessons learned throughout the years and thanks in part to the feedback of many like minded traders and readers of this blog. Meanwhile, the S&P500 Index is up only +2.48% year to date, so needless to say, I'm feeling happy with my trading so far in 2015.

Sunday, June 14, 2015

Weekend Portfolio Analysis (June 14, 2015)

Good morning Lazy Traders of the world. Today I'm writing to you from sunny North Miami Beach, Florida.
It's been a pretty hectic weekend moving from old Hollywood, FL to North Miami Beach and as anticipated it was not possible to deliver the Weekend Portfolio Analysis on Saturday as usual. But now the magic of the Internet is invading my apartment. It is time to stop the marketing nonsense and get down to it.

Sunday, June 7, 2015

Weekend Portfolio Analysis (June 7, 2015)

The SPX index went from 2108.64 down to 2092.83 this week for a 0.75% loss. People have gotten so used to this bull market, that a mundane 2% fall from the recent swing high provokes panics and extreme pessimism in market participants very quickly. The SPX is now up only 1.65% year to date, almost half way through the year. I think it is clear by now, that this is not the super strong 2013 - 2014 market anymore. But, we're still in a long term uptrend, and as long as that continues to be the case, I will be adjusting my trading style accordingly.