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Wednesday, June 7, 2017

Options Trading Monthly Digest (May, 2017)

Time to reflect Options trading results for the month of May. 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.

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 - May 2150/2160/2440/2450/221/245 Unbalanced Elephant 
$1,090 gain. Close before it expired. No real issues here.


RUT - May. 1230/1240 Credit Put spread (part of Elephant)IWM - May 126 Long Puts (part of Elephant)
The Call side of the May Elephant had been closed during April. The Put side stayed in play and was taken all the way to expiration for a net $1,092 gain. This gain made the whole Elephant profitable in the end despite the April loss taken on the Call side. With this result we are now 6/6 trading Lazy Elephants in 2017, and 10/10 when we add the 4 Elephants traded last year. No losing Elephant trade since the strategy was introduced.


RUT/IWM - Jun 1220/1230/1470/1480/126/148 Unbalanced Elephant
Call side took some heat early on and it was closed early for a tiny gain on a small market decline.
Combining the Call and the Put side, the total gain was $1,026. We held the position for 5 weeks and closed it 3 weeks before expiration.


SPX - Jun. 2465/2475 Credit Call spread (part of Unbalanced Iron Condor)
The Put side is still in place. Call side closed early to avoid risk concentration to the upside with another position in the portfolio. Small $180 gain.


Net gain of $3,388 for the month. $3,046 after commissions.
In percentage terms: a solid 2.91% growth for the whole account when commissions are factored in.


Year To Date balance per strategy

*Note:  Commissions not included in the above table.

The S&P closed the month up 7.73% for the year, whereas my performance is now +7.87% options trading wise. Summer trading is about to begin. Usually slow and filled with low volume days.

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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