Sunday, August 30, 2015

Weekend Portfolio Analysis (August 30, 2015)

We started crashing on Monday only to end higher on Friday. You know, just how we all predicted. SPX opened the week at 1965.15 and closed it at 1988.87 for a +1.21% gain. The index is now down 3.40% for the year but it was below -8% for the year at one point.

This event caused some serious losses to Option Premium sellers around the world, in many cases severely damaging accounts beyond the recovery point. It also put some snake oil salesmen with total disregard for risk management (trading newsletters) out of businesses. As a result the world is a better place now for our children. Thanks Allah.

Tuesday, August 25, 2015

The Bear Lives On - Bought cheap Protection

Today I bought an out of the money SPY Put as protection insurance upon seeing the market close at the lows of the day, which doesn't bode well for the near future.

Monday, August 24, 2015

Adjusting Credit Put spreads on a Panic day (August 24, 2015)

That was my tweet today at exactly 9.30am New York time. The infamous Opening Bell.

Friday, August 21, 2015

Defending positions

Lots of blood on the Street today.

Ok, in order to not be extra annoying I'll be concise. Lately, it looks like I have become one of those daily bloggers who doesn't have a life outside of blogging. God save me.

Thursday, August 20, 2015

RUT unbalanced Iron Condor adjustment

Today I had to defend the Put side of the September RUT 1120/1130/1330/1340 unbalanced Iron Condor as the RUT index fell by 2.53%. Boy what a difference a day makes.