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Saturday, December 9, 2017

Weekend Portfolio Analysis (December 9, 2017)

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

Download Weekend Portfolio Analysis (2017-12-09).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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 2017 Track Record page and the 2018 Track Record page


Last Weekend Analysis now publicly available: Weekend Portfolio Analysis (December 2, 2017) 
The 2018 Options Trading Plan is now available at LTOptions. If the link doesn't work, simply log in to LTOptions.com and you'll see it right after logging in.


Recent Trading Activity

- Initiated a January RUT/IWM Unbalanced Lazy Elephant on Thursday. Net credit: $1,448.


Thursday, December 7, 2017

January 2018 RUT Unbalanced Elephant

Trade Details:

20 RUT 1390/1380 Credit Put  spreads 0.55 Credit ($1100)
13 RUT 1605/1610 Credit Call spreads 0.46 Credit ($598)

plus

10 IWM Long 161 Calls @0.25 (-$250)
I didn't add the Long Puts in this case

Net Credit: $1448
Days to Expiration: 43

Saturday, December 2, 2017

Options Trading Monthly Digest (November, 2017)

Time to reflect Options trading results for the month of November. We'll be taking a look at the  results of positions whose expiration date took place during the month.

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.

Weekend Portfolio Analysis (December 2, 2017)

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

Download Weekend Portfolio Analysis (2017-12-02).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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 2017 Track Record page and the 2018 Track Record page


Last Weekend Analysis now publicly available: Weekend Portfolio Analysis (November 25, 2017) 
The 2018 Options Trading Plan is now available at LTOptions. If the link doesn't work, simply log in to LTOptions.com and you'll see it right after logging in.


Recent Trading Activity

- Closed Dec SPX 2635/2640 Credit Call spreads at a $400 loss on Monday.

- Initiated small Dec SPX 2525/2520 Credit Put spreads on Monday for $250 credit to partially mitigate the Call side loss.

- Purchased Dec IWM 157 Calls ($225 debit), financed by the Sale of a small RUT 1450/1445 Credit Put spread position ($340 credit) on Monday. This maneuver was in order to protect the December RUT 1370/1380/1570/1580 Unbalanced Iron Condor.

- Initiated a small Dec SPX 2690/2695 Credit Call spread position on Thursday for $500 credit. Re-establishing an Unbalanced Iron  Condor. Thursday was rally day at one point SPX price was 3.5% higher than the 50-day moving average. Although not all the oscillators were in overbought territory, when the SPX is so far above its 50-day average, I automatically start to think about the possibility that it will not go that much further up without some kind of rest. I only regret not having sold more Credit Call spreads in the 2720/2725 area.

- Purchased Dec SPY 269 Calls ($351 debit), partially financed by the Sale of a small SPX 2480/2475 Credit Put spread position ($300 credit) on Monday. This hedge protects the Call side of the January SPX 2440/2450/2685/2695 Unbalanced Iron Condor.


Thursday, November 30, 2017

Volatility and Leveraged instruments to Lazily beat the markets (Part 3)

In the first part of this series we examined the viability of investing in triple leveraged SPX via UPRO. With the potential to triple the market's returns comes added risk (larger draw-downs) and hence the idea of using UPRO in only a portion of the account. A simple combination of one third of an account holding UPRO (basically attempting to match the markets returns on the whole) combined with another instrument with a historical upside bias such as Bonds (TLT) which, additionally offers hedging potential as it generally moves up in times of crises (UPRO going down) easily beat the market (18.17% annual return vs 13.37% SPY) since 2011.

In the second part of the series we looked at short volatility instruments, which unlike UPRO, tend to go up when the market is going sideways. Combinations of either XIV or ZIV with bonds easily beat the markets too, but it was a pretty volatile ride, especially for XIV, which I personally prefer to not be invested in.

Saturday, November 25, 2017

Weekend Portfolio Analysis (November 25, 2017)

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

Download Weekend Portfolio Analysis (2017-11-25).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 publicly available: Weekend Portfolio Analysis (November 18, 2017) 
Recent Trading Activity

- Initiated a small Dec29 RUT 1590/1600 Credit Call spread for 0.90 credit ($450) on Tuesday.

- Closed Dec29 RUT 1330/1320 Credit Put spreads for a small $225 gain on Tuesday. Initiated a 1420/1410 Credit Put spread ($335) credit. So, basically I just rolled the old Put spread up, locking some gains in the process. The Dec29 RUT position is now a balanced 1410/1420/1590/1600 Iron Condor. It is a small position made up of only 5 vertical spreads on each side. So, one quarter the usual size.

- Initiated the first position of 2018: a January SPX 2440/2450/2685/2690 Unbalanced Iron Condor. Four to one ratio of Puts to Call and a net credit of $1700.

- It was not possible to close the December SPX 2635/2640 Credit call spreads for the 0.30 debit I wanted to lock in a small winner and forget about it.

Wednesday, November 22, 2017

January 2018 SPX Unbalanced Iron Condor

Trade Details:

20 January SPX 2440/2450 Credit Put spreads  @0.65 Credit ($1300)
  5 January SPX 2685/2695 Credit Call spreads @0.80 Credit ($400)

Net Credit: $1,700
Days to Expiration:58