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BookingAlpha Option Trading Advisory

Sunday, March 30, 2014

Weekend Portfolio Analysis (March 30, 2014)

SPX opened the week priced at 1867.67 and closed at 1857.62 on Friday, that's a 0.54% decline. The SPX is now only up 0.5% in 2014. Not quite 2013 like numbers.

Thursday, March 27, 2014

May 2014, RUT Credit Put Spread

Here's today's trade:
Buy 2 RUT May 1000 Put @4.60
Sell 2 RUT May 1010 Put @5.20

Credit: 0.60 ($120 for 2 contracts per leg)
Margin: 9.40 ($1880 for two contracts per leg)
Days to expiration: 49

Friday, March 21, 2014

Weekend Portfolio Analysis (March 21, 2014)

Ok, so March expiration is a thing of the past now. It was not a great month for me. Great is a higher than +3% return for the month. But I feel good about having a positive return despite suffering two losses. In the end it was a +0.99% portfolio growth after commissions for the March expiration cycle and the summary of all the trades can be seen here. Up to now, the model portfolio is up +5.88% year to date, and while I'm not totally satisfied with that number, I don't feel bad either as it represents +23.52% annualized. The S&P is now up only +0.9% for the year so, all is good.

Thursday, March 20, 2014

May 2014 SPX Iron Condor

Here's today's trade:

Buy 4 SPX May 1695 Put @7.30
Sell 4 SPX May 1700 Put @7.60
Sell 4 SPX May 1960 Call @4.00
Buy 4 SPX May 1965 Call @3.50

Saturday, March 15, 2014

Weekend Portfolio Analysis (2014-03-15)

SPX opened at 1877.86 on Monday and closed at 1841.13 yesterday for a 1.96% loss in the index. Now the S&P is down 0.5% for the year. It was a very busy week for me at the office, which kept me away from the markets. I could look at the major indices just a couple of times a day, but that was about it, no time to enter new trades or analyze anything.

Saturday, March 8, 2014

Weekend Portfolio Analysis (March 8, 2014)

SPX went from 1857.68 to 1878.04 this week for a +1.10% gain, making the life of Index option premium sellers a little bit more miserable. Trading the March expiration cycle has been a very challenging exercise. I usually start trading a month expiration cycle two months in advance. So, after the January expiration cycle I started looking, and putting trades for the March cycle. Well, this is what has happened between January expiration and today:

Thursday, March 6, 2014

Closed March SPY 191/193 Credit Call spread

Today I closed the March SPY 191/193 Bear Call Spread for 0.33 debit.

Wednesday, March 5, 2014

RUT trades during market rally (March 4, 2014)

These were my trades yesterday March 4.

First I sold a RUT 1240/1250 Credit Call Spread, probably a little early as RUT kept going up all day:
Sell 2 RUT March 1240 Call @3.00
Buy 2 RUT March 1250 Call @1.60

Saturday, March 1, 2014

Weekend Portfolio Analysis (March 1, 2014)

Ok for whatever reason I can't log in to TOS today. So this will be a "chartless" article if that is even a word. I could have said "fuck it! nobody pays me for doing this". But I decided to be the nice guy that I am and give my readers the ultimate weekend pleasure: My weekend portfolio analysis. So, without TOS, and without charts here it goes.