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Thursday, July 6, 2017

Options Trading Monthly Digest (June, 2017)

Time to reflect Options trading results for the month of June. 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 - Jun. 2240/2250 Credit Put spread (part of Unbalanced Iron Condor)
Taken all the way to expiration, this was a $1,140 gain. The Call side had been closed during the month of May for small gains already.


SPY - Jun 228 Long Put
Small volatility hedge that had been purchased during the initiation of the June SPX Unbalanced Iron Condor. A small debit was invested on this due to the very low VIX that existed at the time. Small $98 loss.

SPX - Jul. 2490/2500 Credit Call spread (part of Unbalanced Iron Condor)
hedged with SPY - Jul 249 Long Call
Small $140 gain here. The Credit Call spread took heat early on. The upside SPY hedge was added to prevent major damages. Position closed as soon as the market retraced enough. Put side of the original Unbalanced Iron Condor still in the game and should expire for max profit in July.


Net gain of $1,182 for the month. $1,081 after commissions.
In percentage terms: a 1.0% growth for the whole account when commissions are factored in. 
Not a spectacular month by any means, but didn't make me lose my sleep either.


Year To Date balance per strategy


*Note:  Commissions not included in the above table.

The S&P closed the month up 8.24% for the year, whereas my performance as of June 30 was +8.95%. With three nice, comfortable positions currently open in the portfolio I'm looking forward to July results.

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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