Weekend Portfolio Analysis (May 27, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-27).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (May 20, 2017) 

Recent Trading Activity

- Closed Put side of June RUT Elephant for a $954 gain on Friday. The entire June RUT Elephant is now closed. The idea of closing this one was not mentioned in the previous Weekend Portfolio Analysis. I just decided to reduce downside exposure (as crazy as it sounds nowadays) and readers still have a long weekend in the middle. If anything, by the time the markets open on Tuesday it should be even easier to get filled at perhaps better debits that what I paid given the extra days of time decay. Otherwise, holding this one to expiration should not be a big deal as it looks far (RUT 1230).

- Initiated a July SPX Unbalanced Iron Condor position on Friday for a net $2,150 credit. First position in the July regular expiration cycle.

July 2017 SPX Unbalanced Iron Condor

Trade Details:

20 SPX 2260/2250 Credit Put spreads  0.60 Credit ($1200)
10 SPX 2490/2500 Credit Call spreads 0.95 Credit ($950)

Net Credit: $2,150
Days to Expiration: 56

Weekend Portfolio Analysis (May 20, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-20).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (May 13, 2017) 

Recent Trading Activity

- Put side of May RUT Elephant expired for max profit of $1,092

- Tried to close the 2465/2475 Call side of the June SPX Unbalanced Iron Condor, but didn't get filled. I tried 0.10 debit, then 0.15 then 0.20 as the market kept rebounding until I stopped trying on Friday.

Weekend Portfolio Analysis (May 13, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-13).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (May 6, 2017) 

Recent Trading Activity

- Closed Call side of June RUT/IWM Lazy Elephant on Monday for tiny gains $73. The idea was, or is, to be able to deploy at higher strike prices given the early heat I took in this position and the fact that for so long the market has been bought on every little dip. Now, of course that is not being mechanical, and in retrospective it looks like it was not the right choice. We won't always make the right ones, but being fairly risk averse and choosing defense over offense on the Call side is never a terribly bad decision.

Weekend Portfolio Analysis (May 6, 2017)

This week's analysis has been published at LTOptions.com

Download Weekend Portfolio Analysis (2017-05-06).pdf

If the above link doesn't work for you, simply log in to LTOptions.com, navigate to the "Weekly Analysis" tab and download the document from there.

The Weekend Portfolio Analysis will be available on this site next week for historical reference.

All currently open positions can be seen on the Track Record page


Last Weekend Analysis now available: Weekend Portfolio Analysis (April 29, 2017) 

Recent Trading Activity

- Closed SPX/SPY - May 2150/2160/2440/2450/221/245 Unbalanced Elephant for a $1,090 gain. The Put side looked safe enough and could have been left on, but I just decided to reduce quadruple downside exposure in the portfolio that came with the addition of a new June position.

- Initiated SPX - Jun 2240/2250/2465/2475 Unbalanced Iron Condor. Very conservative on the Call side, using a 4 to 1 ratio of Puts to Calls. Given how low volatility is, adjustment points feel close and would be very uncomfortable to defend. Net Credit only $1,447 but I definitely prefer this very conservative Call side.

June 2017 SPX Unbalanced Iron Condor

Trade Details:

20 SPX 2250/2240 Credit Put spreads  0.57 Credit ($1140)
5   SPX 2465/2475 Credit Call spreads 0.81 Credit ($405)

Due to the sub 11 VIX, I also added a small long SPY Put

1 SPY 228 Put 0.98 debit ($98)

Net Credit: $1,447
Days to Expiration: 43

Very conservative on the Call side because everything is so close with the low volatility levels, that, well, I don't want to have to lament anything, especially if the market suddenly breaks out.

Options Trading Monthly Digest (April 2017)

Time to reflect Options trading results for the month of April. This update 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.