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Wednesday, March 1, 2017

Options Trading Monthly Digest (February 2017)

Time to reflect Options trading results for the month of February. This includes positions that were closed throughout the month 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)

SPX/SPY - Feb. 2115/2125/2350/2360/216/236 Unbalanced Elephant
28 days in the position. Exited 14 days before expiration. A $1,050 gain.


SPX - Jan. Credit Call Spread 2370/2375
Part of March Unbalanced Iron Condor. The position has been adjusted but when it comes to this Credit Call spread in particular it was a $1,900 loss


Net loss of $850 for the month. $1,030 after commissions.
In percentage terms: a 0.99% decline for the whole account when commissions are included.


Year To Date balance per strategy

February was a challenging month where price practically moved in one direction only. The S&P closed the month up 5.57% for the year, whereas my performance is now +2.96% options trading wise. It sucks to be playing catch up now. Tough month, and March didn't exactly start on the right foot for me, but March losses will be reflected in the March Digest.

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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