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BookingAlpha Option Trading Advisory

Monday, February 24, 2014

April 2014 RUT Iron Condor plus a March SPY Credit Call Spread

Today I entered the first trade of the April options expiration cycle using RUT as my vehicle of choice:

Buy 2 RUT April 1020 Put @4.20
Sell 2 RUT April 1030 Put @4.60
Sell 2 RUT April 1245 Call @3.20
Buy 2 RUT April 1255 Call @2.20

Sunday, February 23, 2014

Weekend Portfolio Analysis (February 23, 2014)

The February 2014 monthly options expiration cycle is now in the past. The one position I had in February (RUT 1040/1045 Credit Put Spread) expired worthless for full profit resulting in a +1.08% growth for the model portfolio. The portfolio is now up +4.84% year to date.

Friday, February 14, 2014

SPY Credit Call spread (pending GTC Order)

Today I am leaving a pending order (Good Till Cancelled) on an SPY Bear Call spread.
The order is for the March SPY 192/194 Credit Call spread and 0.15 credit.

Saturday, February 8, 2014

Weekend Portfolio Analysis (February 8, 2014)

So did we get a rebound or what? The week started with a nasty sell off on Monday. At one point the number of stocks above their 20 Day Moving Average was only 16.14%. That's really extreme. And then the snap back rally came. I pity those who sold Calls after or during Monday's sell off. It was the right time to sell Puts, not so much Calls. Anyways despite the correction the market had a positive week, with SPX going from 1782.68 up to 1797.02 for a +0.80% gain, and with that, the family of Bull Put spreads that I've been raising is healthy and happy again.

Thursday, February 6, 2014

Efficient Currency Exchange for Canadians

This article is not really about trading but finances in general and I wrote it because I think the information contained here could be very beneficial to somebody out there. At least it was to me.

Monday, February 3, 2014

RUT Credit Put spread adjustment

Life is I had to adjust the RUT 1040/1050 Credit Put spread as it hit 30 deltas or 30% probability of being in the money by expiration. The trade was as follows:

BUY 2 March RUT 1050 Put @20.00
SELL 2 March RUT 1040 Put @17.70
Net Debit: 2.30 ($460 for 2 contracts per leg)

Saturday, February 1, 2014

Weekend Portfolio Analysis (February 1, 2014)

SPX from 1791.03 down to 1782.59 this week for a -0.47% decline. I opened a 159/161 SPY Bull Put spread with March expiration on Monday and I also closed the Call side of the 1040/1050/1250/1260 RUT Iron Condor for profit (75% of max. profit potential in just 4 days, no reason to stay in the position).