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Saturday, April 25, 2015

Weekend Portfolio Analysis (April 25, 2015)

This week the SPX index went from 2084.11 to 2117.69 for a 1.61% gain. The market is now up 2.86% year to date. I entered the first position of the June expiration cycle ending a drought of 35 days without entering new trades. It has been a quiet year so far and hopefully it will continue to be so.

Friday, April 24, 2015

June 2015 RUT unbalanced Iron Condor

A few hours ago I entered the first position of the June expiration cycle:

Saturday, April 18, 2015

Weekend Portfolio Analysis (April 18, 2015)

Good morning folks!
It's going to be a busy weekend between finding a place to rent and buying a car. I said to myself, if you don't write that article right now, you may not have a chance. So, here I am, getting it out, squeezing my neurons to the beat of Guns N' Roses in the background while I endlessly hit my keyboard. Let's get started.

April expiration is in the books my friends. It was a quiet cycle for me with only one trade: the SPX 1855/1860/2200/2205 unbalanced Iron Condor. That kid expired for max profit and the performance for the portfolio was +2.05% before commissions, +1.94% net after trading costs. Not spectacular, but decent. Not awesome, just nice. Better than nothing. The portfolio is now up +9.44% year to date. I have only made 5 trades in 2015 and I'm-not-mad-about-that. This is life! I'm on pace to a +28.32% annualized return and only 15 trades for the year. That would be my definition of paradise.

Saturday, April 11, 2015

Weekend Portfolio Analysis (April 11, 2015)

Good morning folks! How's it going? How are the markets treating you?
All is going well over here in LazyTradingLand. The market has been benevolent so far in 2015 without keeping sustained violent moves in the same direction. This is great because if you are conservative you haven't felt its heat yet. I haven't had losing trades this year and I have basically traded stress free. I'm not showing off my awesome abilities. The market has simply behaved in a way that easily accommodates our trading strategy. It will eventually get ugly again, we just don't know exactly when. So, let's enjoy the party, the orgy of capital easily flowing into our accounts.

Saturday, April 4, 2015

Weekend Portfolio Analysis (April 4, 2015)

Good morning folks! Glad to be back after 2 weeks without writing an article on this site. Writing today is part of my going back to normality little by little. This is my first post from Hollywood, Florida and what can I say, I'm loving it here: family, sunshine, blue sky, Latin food, hot girls (not that they don't exist in Toronto, it's just that they are too covered up there). I'll miss Canada, but I'm enjoying every minute down here and absorbing the best it has to offer. Heck, how can I be unhappy about hitting what I'm about to hit in the next couple hours?

(You don't need to "click on image to enlarge" in this case. The awesomeness of this view is evident however you watch it)

Thanks for all the concerns, all the support emails and the good wishes. I really appreciate it...

...but this is not "Henrik's travel blog". This is not "adventures of a Cuban on a random beach". This is the site of the Lazy Trader, where we talk about the most exciting and arguably important subject on planet Earth: trading. So, here we go.

Friday, March 20, 2015

Weekend Portfolio Analysis (March 20, 2015)

Well, as it turns out it was not the end of the world and the markets didn't crash. My SPX 1965/1970 Credit Put spread with March options finally expired successfully with no sweat. A few days ago I talked about how most traders constantly fear a market crash. It's an exaggerated fear when, after all, you should only experience 2 - 3 severe market crashes in your life time, or perhaps less than that in a 20 year long trading career. These traders are the same that, for the most part, are too quick and eagerly sell Calls prematurely, which is a much more dangerous practice. I know the psychological profile because I was like that myself during my initial phases of development as an Options seller.

Thursday, March 19, 2015

May 2015 RUT unbalanced Iron Condor

Today I started to play the first position of the May expiration cycle. This was an unbalanced Iron Condor and I chose to play it with RUT this time.

Trade Details:

BUY 2 RUT May 1100 Put @4.30
SELL 2 RUT May 1110 Put @4.95
SELL 1 RUT May 1330 Call @2.95
BUY 1 RUT May 1340 Call @2.00