Saturday, November 28, 2015

Weekend Portfolio Analysis (November 28, 2015)

I had the enormous pleasure of not opening my trading platform at all during the entire week. Once or twice a day I would visit directly from my phone to see how the markets were moving and that would be enough. The markets barely moved at all so I spent the week focused on my Software Engineering gig, which was insane with a code release due this weekend. Yes, despite the immense and unstoppable cash flow generated by this site; despite the hefty fees you pay in order to have access to these articles; despite my efforts replying to emails and providing high quality sexual counseling to traders and investors; it is the IT job the one that pays the bills for your pal LT. So, I have to really optimize my time. Sometimes I wish the days had 28 or 30 hours instead of 24. Not opening my trading platform this week saved me a lot of time, and I don't remember the last time I spent so many days in a row without doing it.

Tuesday, November 24, 2015

Options Trading - Monthly Digest (November 2015)

Well, the time has come once again to go over my Options Trading performance for the cycle that just concluded: the November 2015 monthly options expiration cycle.

The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better. These articles are intended to make us better traders with constant feedback from our own recent actions and the community of like-minded readers that contribute to this site.

Sunday, November 22, 2015

Weekend Portfolio Analysis (November 22, 2015)

As it turns out, "the prospects of a rate increase" is now "good" for the markets as it signals "confidence" from the Federal Reserve. It's funny how the same "prospect of a rate hike" has been being used for more than a year as the excuse for markets weakness as investors have "grown concerned" over a rate hike possibility. See the irony? The same rate increase has been used to support a negative case and its exact opposite. Clearly, this cannot be.

Friday, November 20, 2015

January 2016 SPX Unbalanced Iron Condor

After purchasing long-term anti-crash protection yesterday, today I initiated the first position of the January 2016 expiration cycle:

Thursday, November 19, 2015

Long March 2016 SPY Puts

Today I initiated the first position of 2016:

Buy 6 SPY 161 March Put @0.80
Debit: $480

Wait a minute? Isn't this a site about option premium selling? What the hell is this long Put so far out? This LT guy just wants to throw money in the air. He's burning his dead presidents just like that.

Monday, November 16, 2015


"I will tell you what democracy is: democracy is the worst. Endless talking and the listening to every stupid opinion and everybody’s vote counts, no matter how crippled, or black or female they are."

- Admiral General Aladeen (The Dictator, 2012)

Saturday, November 14, 2015

Weekend Portfolio Analysis (November 14, 2015)

From the beginning of the year, until the end of the July options expiration cycle I played only 8 positions....and it was wonderful. Having so little capital committed, such low risks, so much simplicity when you are only paying attention to that one thing. In the first seven months of the year I only played one position per month except in March where I traded two positions.