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Wednesday, July 29, 2015

Closed Put side of RUT unbalanced Iron Condor

Just a couple of days after selling an SPX 1925/1930 Credit Put spread using August options I got rid of an old RUT August 1150/1160 Credit Put spread.

Monday, July 27, 2015

August 2015, second SPX Credit Put spread

Well, a little earlier than anticipated in the weekend analysis, today I sold a Credit Put spread on the SPX index. The reason being: all three indicators that I follow quickly reached extreme pessimism levels at the same time.

Saturday, July 25, 2015

Weekend Portfolio Analysis (July 25, 2015)

A definitely weak market that went from 2126.85 down to 2079.65 is what we got (-2.27%). Year to date the market is now only up +1.01% and looks sick to everybody you talk to. But, this is not a democracy. The markets, if anything are similar to a dictatorship or a totalitarian system. One of the places where the opinion of the majority is useless, and many times just flat out wrong.

I was pretty active during the week first opening the RUT 1120/1130/1330/1340 unbalanced Iron Condor with September options then closing the August SPX 1815/1825 Credit Put spread early to lock in some profits and get ready for possibly opening another Credit Put spread in the near future.

Thursday, July 23, 2015

Wednesday, July 22, 2015

September 2015 RUT unbalanced Iron Condor

Today I entered the first trade of the September monthly options expiration cycle