CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Saturday, May 20, 2017

Weekend Portfolio Analysis (May 20, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-20).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (May 13, 2017) 
Recent Trading Activity

- Put side of May RUT Elephant expired for max profit of $1,092

- Tried to close the 2465/2475 Call side of the June SPX Unbalanced Iron Condor, but didn't get filled. I tried 0.10 debit, then 0.15 then 0.20 as the market kept rebounding until I stopped trying on Friday.

Saturday, May 13, 2017

Weekend Portfolio Analysis (May 13, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-13).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (May 6, 2017) 
Recent Trading Activity

- Closed Call side of June RUT/IWM Lazy Elephant on Monday for tiny gains $73. The idea was, or is, to be able to deploy at higher strike prices given the early heat I took in this position and the fact that for so long the market has been bought on every little dip. Now, of course that is not being mechanical, and in retrospective it looks like it was not the right choice. We won't always make the right ones, but being fairly risk averse and choosing defense over offense on the Call side is never a terribly bad decision.

Saturday, May 6, 2017

Weekend Portfolio Analysis (May 6, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-06).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (April 29, 2017) 
Recent Trading Activity

- Closed SPX/SPY - May 2150/2160/2440/2450/221/245 Unbalanced Elephant for a $1,090 gain. The Put side looked safe enough and could have been left on, but I just decided to reduce quadruple downside exposure in the portfolio that came with the addition of a new June position.

- Initiated SPX - Jun 2240/2250/2465/2475 Unbalanced Iron Condor. Very conservative on the Call side, using a 4 to 1 ratio of Puts to Calls. Given how low volatility is, adjustment points feel close and would be very uncomfortable to defend. Net Credit only $1,447 but I definitely prefer this very conservative Call side.

Thursday, May 4, 2017

June 2017 SPX Unbalanced Iron Condor

Trade Details:

20 SPX 2250/2240 Credit Put spreads  0.57 Credit ($1140)
5   SPX 2465/2475 Credit Call spreads 0.81 Credit ($405)

Due to the sub 11 VIX, I also added a small long SPY Put

1 SPY 228 Put 0.98 debit ($98)

Net Credit: $1,447
Days to Expiration: 43

Very conservative on the Call side because everything is so close with the low volatility levels, that, well, I don't want to have to lament anything, especially if the market suddenly breaks out.

Options Trading Monthly Digest (April 2017)

Time to reflect Options trading results for the month of April. This update includes positions that were closed throughout the month and the Year To Date balances of each Options Trading Strategy.

Hopefully these monthly updates will provide readers with confidence and serve as an authentic guide of what can be achieved with a realistic and sustainable approach to the business of Selling Options.

Saturday, April 29, 2017

Weekend Portfolio Analysis (April 29, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-04-29).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (April 22, 2017) 
Recent Trading Activity

- Closed Call side of May RUT Elephant at a $716 loss on Tuesday. A bit frustrating yes, but the Put side is still in play and now at only 2 deltas and with a credit that is greater than this initial loss from the Call side. So, in the end the position will be a winner overall, just a smaller one than we would have liked.

Saturday, April 22, 2017

Weekend Portfolio Anaysis (April 22, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-04-22).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (April 15, 2017) 
Recent Trading Activity

- April SPX Credit Put spread expires for max gain of $960. This was part of an Iron Condor whose Call side had been closed a while ago. The entire history of the Iron Condor position is here.

- April RUT Unbalanced Lazy Elephant expires for max profit of $1,396. We never had any trouble with this position.

- Initiated a June RUT Unbalanced Lazy Elephant. As explained in the previous Weekend Analysis, I would go with Elephant instead of Condor if the indexes were not more than 1% higher than their 50-day average.