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Thursday, August 3, 2017

Options Trading Monthly Digest (July, 2017)

Time to reflect Options trading results for the month of July. 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 - Jul 2250/2260 Credit Put spread (part of Unbalanced Iron Condor)
The Call side had already been closed during the month of June for small gains. This is the Put side, which was closed in early July for a $1,000 gain.


RUT/IWM - Jul 1310/1320/1500/1510/134/151 Unbalanced Elephant
Taken all the way to July expiration. This Elephant never really gave us any headaches. Easy $1,417 win.


Net gain of $2,417 for the month. $2,260 after commissions.
In percentage terms: a 2.07% growth for the whole account when commissions are factored in. 
It was a decent month without making too much effort or feeling uncomfortable at all with the trades that were made.


Year To Date balance per strategy

*Note:  Commissions not included in the above table.

The S&P closed the month up 10.34% for the year, whereas my performance as of July 31 was +11.21%. Current performance as of this writing (August 3) is +12.33%, as a winning trade was closed yesterday, but this article only covers positions closed in July. In addition, two open positions exist in the portfolio at the moment: an August Elephant and a September Iron Condor and both are looking great.

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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