Weekend Portfolio Analysis (05-18-2013)

Yesterday was May 2013 expiration and with it, the RUT 1000/1005 Bear Call spread and the SPX 1440/1445 Bull Put spread expired worthless for full profit. May expiration was the best month so far this year with a +5.15% return before commissions.

June $SPX Iron Condor adjustment

Today I closed the June SPX 1430/1435/1660/1665 Iron Condor for 2.35 debit. As the original trade was entered for 0.80 credit, this represents a 1.55 loss ($620 in 4 contracts per leg). This position should have probably been closed two days ago when the 1660 short strike had a 30% probability of being in the money. The loss would have been more manageable.

A new trade was immediately open after that, but using 5 contracts per leg instead to obtain a little bit more credit (in total)

June $RUT Credit Call Spread

Today I opened a RUT Bear Call spread in June as follows:

SELL 4 June 1025 Call @2.40
BUY 4 June 1030 Call @1.90

Weekend Portfolio Analysis (05-04-2013)

SPX moved from 1582.34 to a close of 1614.42 on Friday for a solid +2.03% this week. And nobody, nobody can tell me they can predict anything related to where the market is headed. Folks, we've been in this unstoppable uptrend for almost 6 months now! The more I watch this thing, the more convinced I become that predicting short term direction is a futile exercise.

Weekend Portfolio Analysis (04-27-2013)

SPX went from 1555.25 to 1582.24 this week for a very decent +1.74% and boy oh boy, the market proves once again how much it loves to go against what the majority thinks.

June 2013 SPX Iron Condor

With 8 weeks to expiration, an SPX 1430/1435/1660/1665 Iron Condor was sold yesterday (Friday April 26) for 0.80 credit as follows:

BUY 4 SPX 1430 Put @4.70
SELL 4 SPX 1435 Put @5.00
SELL 4 SPX 1660 Call @3.10
BUY 4 SPX 1665 Call @2.60

Closed May 2013 RUT 855/850 Bull Put Spread

The Put side of the May RUT 850/855/1000/1005 Iron Condor was closed today.

Just closed Rut 855/850 bull put spread for .20 debit. Balancing portfolio risk.wouldn't have closed if it was the only trade in portfolio
— The Lazy Trader (@lazytrading) April 24, 2013

Weekend Portfolio Analysis (04-21-2013)

April expiration is now in the past and it resulted in a decent month for the model portfolio (+4.09% before commissions). The two remaining positions (SPX 1445/1450/1610/1615 Iron Condor and the SPX 1440/1445 Bull Put spread expired worthless for full profit on Friday morning and the focus now shifts to May expiration.

May 2013 $SPX Credit Put Spread

Today I entered an SPX 1445/1440 Bull Put Spread for 0.50 using May expiration options

Sold $Spx May 1445/1440 Credit put spread for 0.50. 29 days to expiraton
— The Lazy Trader (@lazytrading) April 18, 2013