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Thursday, February 2, 2017

Options Trading Monthly Digest (January 2017)

Time to reflect Options trading results for the month of January. Going forward these articles will be much simpler, only reflecting the positions that were closed and the Year To Date balances of each Options Trading Strategy.

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.

It's important to realize that we don't need to double our accounts every year, which entails unsustainable risks. Relatively small portfolios can consistently generate $400, $500, $600 a month, which is meaningful help in the budget of the average family. Whether you want to trade for a living or only as a side activity for supplemental income, you are only truly limited by your own will. How much are you willing to dedicate to studying and training hard? That's all there is to it. And while there is absolutely no guarantee that anyone will achieve any arbitrary numerical return in the future, the fact is: the power of compounding is truly remarkable and can do wonders even with small amounts of money.



Positions that were closed
(Each position links to the article where both entry and exit are discussed)

RUT - Jan. Credit Call Spread 1480/1490
Expired for max profit of $1,200

SPX - Jan. Credit Call Spread 2370/2375
Expired for max profit of $1,600

RUT - Feb. Iron Condor 1200/1210/1470/1480
75% of max profit achieved in 29 days, 28 days before expiration. A $1,600 gain.

IWM - Feb. 126 Long Puts
Purchased as downside protection for the RUT Iron Condor. Taken off at a $172 loss.


Gross profits of $4,228 for the month. $3,994 after commissions.
In percentage terms: a +4.23% growth for the whole account. Subtracting commissions: +3.99% 


Year To Date balance per strategy

We just had a nice start in 2017, unlike last year. By comparison, the S&P500 benchmark was up 1.79% in January.

Thanks for reading.
Cheers,
LT

If you are interested in a responsible and sustainable way of trading options for consistent income and a smooth equity curve, consider acquiring LTOptions, my options trading system to the last detail.




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