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Saturday, October 20, 2018

Weekend Portfolio Analysis (October 20, 2018)

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

Download Weekend Portfolio Analysis (2018-10-13).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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 2018 Track Record page


Previous Analysis now publicly available:
Weekend Portfolio Analysis (October 6, 2018) 
Recent Trading Activity


Saturday, October 13, 2018

Weekend Portfolio Analysis (October 13)

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

Download Weekend Portfolio Analysis (2018-10-13).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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 2018 Track Record page


Previous Analysis now publicly available:
Weekend Portfolio Analysis (October 6, 2018) 
Recent Trading Activity

- Deployed November SPX Credit Put spread on Monday for a $1200 credit.

- Took a loss on the October RUT Elephant Put side. Deployed new RUT Credit Spread using December options. The loss was $3200. The credit received from the new December Spread was $1200. The Put side of the RUT Elephant was therefore adjusted twice (October 5th and October 11th).

Monday, October 8, 2018

November SPX Credit Put spread

Trade Details

SELL 2630/2620 November SPX Credit Put spread @0.60
Total credit: $1,200
Days to expiration: 39

SPX Chart for future reference:


Go to the bottom of this page in order to see the Legal Stuff

Saturday, October 6, 2018

Weekend Portfolio Analysis (October 6, 2018)

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

Download Weekend Portfolio Analysis (2018-10-06).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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 2018 Track Record page


Previous Analysis now publicly available:
Weekend Portfolio Analysis (September 29, 2018) 
Recent Trading Activity

- Closed SPX November Elephant on Tuesday earlier than usual. A $1,119 profit.

- Adjusted Put side of RUT October Elephant on Friday. A $3,088 loss.

- Adjusted Put side of RUT November Elephant on Friday. A $2,973 loss.

- As for the second November position, I wanted to play SPX and was giving it a chance to reach fully oversold mode. Didn't quite get there for SPX and I'm going to give it another chance on Monday. If no oversold environment is materialized on Monday, then I'll go with an Elephant.

 It was a painful week. No way to sugar-coat it (not that I ever want to). In retrospect, the mistake was closing the SPX position instead of a RUT one, given that, it was RUT the symbol where two positions existed that had the same defense point. It would have been definitely better to take October RUT off the table, for a small win, and avoid the potential double loss of Oct + Nov positions. The funny thing is, if you go back to the trade plan, it was exactly to remove one of the RUT positions. But greed took over me. I removed the SPX Elephant simply because it had made way more profit, thinking I would be able to milk more off of the October RUT Elephant, and that, markets would never correct again. In this case, just as in February, it is not the particular position, or strategy. It has been my lack of discipline that has made matters worst. It's been a tough year, both at a personal and a professional level. But, we learn, we use multiple investing strategies, and we move on. My investing/trading approach has varied a lot over the years to the point where Credit Spreads & Elephants are just a small part of my activity. Nowadays, I'm even lazier than before in that I'm more of a long term investor than an active trader. I'll talk about these things in more details as the year wraps up and I'll also make comments about changes on the website for 2019.

Saturday, September 29, 2018

Weekend Portfolio Analysis (September 29, 2018)

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

Download Weekend Portfolio Analysis (2018-09-29).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 2018 Track Record page


Previous Analysis now publicly available:
Weekend Portfolio Analysis (September 23, 2018) 
Recent Trading Activity

- No Activity.


Sunday, September 23, 2018

Weekend Portfolio Analysis (September 23)

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

Download Weekend Portfolio Analysis (2018-09-23).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 2018 Track Record page


Previous Analysis now publicly available:
Weekend Portfolio Analysis (September 15, 2018) 
Recent Trading Activity

- The September SPX Elephant Put side expired on Friday for a $1,078 profit.

- Initiated a November RUT Elephant on Friday for $1,470 credit.


Friday, September 21, 2018

November RUT Elephant

Trade Details:

SELL 20 RUT November 1580/1570 Credit Put spreads @0.60 Credit
SELL   8 RUT November 1810/1820 Credit Call spreads @0.90 Credit

Long hedges:
BUY  16 IWM November 182 Calls @0.22
BUY   1  IWM November 161 Puts @0.98

Total Net Credit: $1,470
Days to Expiration: 56