July 2013 SPX Bull Put Spread

Yesterday I entered the first July position. Although unfortunately din't have the time to blog about it as things are pretty hectic at the office these days.

Trying July Spx bull put spread 1505/1510 for .40 no fills yet
— The Lazy Trader (@lazytrading) May 29, 2013

Weekend Portfolio Analysis (05-26-2013)

SPX went from 1665.71 to 1649.60 for a -0.97% decline. A new trade was entered on Thursday using RUT Put options in June expiration and now there are two Iron Condors in June, which I'll talk about later and no position in the July cycle yet.

June 2013 $RUT BullPut Spread

Yesterday I entered a RUT credit put spread using strikes 905/910

Rut 910/905 bull put spread in June for .50 credit. Now an Ic 905/910/1025/1030
— The Lazy Trader (@lazytrading) May 23, 2013

Weekend Portfolio Analysis (05-18-2013)

Yesterday was May 2013 expiration and with it, the RUT 1000/1005 Bear Call spread and the SPX 1440/1445 Bull Put spread expired worthless for full profit. May expiration was the best month so far this year with a +5.15% return before commissions.

June $SPX Iron Condor adjustment

Today I closed the June SPX 1430/1435/1660/1665 Iron Condor for 2.35 debit. As the original trade was entered for 0.80 credit, this represents a 1.55 loss ($620 in 4 contracts per leg). This position should have probably been closed two days ago when the 1660 short strike had a 30% probability of being in the money. The loss would have been more manageable.

A new trade was immediately open after that, but using 5 contracts per leg instead to obtain a little bit more credit (in total)

June $RUT Credit Call Spread

Today I opened a RUT Bear Call spread in June as follows:

SELL 4 June 1025 Call @2.40
BUY 4 June 1030 Call @1.90

Weekend Portfolio Analysis (05-04-2013)

SPX moved from 1582.34 to a close of 1614.42 on Friday for a solid +2.03% this week. And nobody, nobody can tell me they can predict anything related to where the market is headed. Folks, we've been in this unstoppable uptrend for almost 6 months now! The more I watch this thing, the more convinced I become that predicting short term direction is a futile exercise.