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Saturday, December 2, 2017

Options Trading Monthly Digest (November, 2017)

Time to reflect Options trading results for the month of November. We'll be taking a look at the  results of positions whose expiration date took place during the month.

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.



Results of November Positions
(Each position links to the article where both entry and exit are discussed)

SPX - Nov 2315/2325/2575/2585 Unbalanced Iron Condor
Wow, just looking at the strike prices of the Call side and how recent it was that the index was trading in the 2500's. I didn't even remember that the original Call side of this position was in the 25 hundreds until I started writing this article. The Call side of this position was closed at a loss
A 2425/2420 small Credit Put spread was added that eventually expired for max profit. The Unbalanced Iron Condor as a whole ended up being a small +$125 winner despite the market rally.


RUT - Nov 1380/1390/1580/1590 Unbalanced Iron Condor
And this one was an easy play which took advantage of RUT's sideways price action that lasted for several weeks. Easy win at expiration of $1,555.



Total gain of $1,680 for the month. $1,550 after commissions.
In percentage terms this represents a 1.35% growth for the whole account after commissions are factored in.


Year To Date balance per strategy
Note*: Commissions not included in the above table.

The S&P was +15.19% up for the year at November expiration, whereas our portfolio stood at +16.67%.

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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