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Sunday, November 27, 2016

Weekend Portfolio Analysis (November 27, 2016)

The SPX Index went from 2,186.43 to 2,213.45 this week, for a +1.24% return. It's amazing how when the upside pressure is so constant, everyone gets easily horny. The buying pressure is just too orgiastic at the moment and people just can't help themselves. 

Tuesday, November 22, 2016

December30 RUT Credit Call Spread

Today I initiated a December30 position in RUT:

Sunday, November 20, 2016

Weekend Portfolio Analysis (November 20, 2016)

Mejor tarde que nunca!
You're pal LT has been caught in the manly and greasy world of car fixing over the weekend. My uncle has been a mechanic all his life, and while it is true that I could leave him alone and let him do his thing, at the same time the masculine thing to do is to just be around, seeing him work and inquiring about things. That's just how we men roll. These last few days reminded me of the simplicity of my life in Toronto: way fewer bills, no car related drama, etc. For some reason I easily spend more money in Miami than what I used to spend in the indisputably way more expensive Toronto, even though food, water and electricity are all cheaper here, gas too, by far, and taxes are lower. Friends, that's all neutralized by car expenses, health insurance, and all sorts of other required insurances. Welcome to the land of insurances. I never had to pay a monthly insurance for the apartments I rented in Toronto. Never. Apparently it is the law here. Everyone's covering their respective asses from every possible angle. Curious note: my rent contract documents in Toronto never took more than 3 pages. The rent contract for my current apartment in North Miami Beach: 49 pages.

Friday, November 18, 2016

December30 RUT Lazy Elephant

Today I initiated a Lazy Elephant position (clear here for the defintiion), using December30 options

Sunday, November 13, 2016

Weekend Portfolio Analysis (November 13, 2016)

I see so much symbolism in the act of burning up a flag. Maybe it's just me and it is no big deal to others. But especially a flag that has given you the freedom to burn it up without suffering any consequences. Had I ever burned a Cuban flag publicly in the streets of Havana, I can guarantee you I would have been 'castrated' the next day by the government secret police.

But what the hell is this? This is not LT's "Societal studies"? And besides, enough with politics. We've all been exposed to unhealthy high doses of it this year and need to start cleansing ourselves badly. Let's get the ramble over with, shall we?

Friday, November 11, 2016

Options Trading Monthly Digest (October 2016)

Well, the time has come once again to go over the Options Trading performance for the most recent month: October 2016. A little late this time, but better late than never.

The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better.

Although the main focus is the long term viability of our strategies and not the month to month seesaws, 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.

Thursday, November 10, 2016

December SPX Unbalanced Iron Condor

Today I initiated a December30 Unbalanced Iron Condor in SPX:

Sunday, November 6, 2016

Weekend Portfolio Analysis (November 6, 2016)

The next weekend analysis will come to you after we have elected a new president (Or I should say 'you have elected a new president'). At least that's what I hope, but there's always a chance we pull a 2000 again and stay in limbo for indefinite time. That's what the markets would hate.

This election environment feels so much like 'Last Call' at a nightclub, where in a last desperate attempt to get lucky, you quickly scan the remaining drunk talent on the dancing floor but you don't get to spot a single seven. And it's like, really?? is that all we have left? Can we....? can we push the reset button somewhere and start all over?

Wednesday, November 2, 2016

November RUT Credit Put Spread

Today I initiated a November position in RUT: