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Saturday, February 25, 2017

Weekend Portfolio Analysis (February 25, 2017)

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

Download Weekend Portfolio Analysis (2017-02-25).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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


Related Article: Weekend Portfolio Analysis (February 19, 2017) 
Recent Trading Activity

- Added 2400 strike price Long Calls to the March SPX Unbalanced IC as an upside hedge on Tuesday. Basically giving away most of my potential gains from the 2400/2410 Credit Call spread side in exchange for reduced upside risk. Because I was short 2400 strike Calls already, the Calls purchased this week only reduce my short exposure. So, the current position now is as follows, in terms of number of contracts: 20/20/13/15  (from 20/20/15/15 previously).

- Initiated an April SPX 2175/2180/2455/2460 Unbalanced Iron Condor position on Friday. I made a mistake specifying the credit in my limit order. I could have done better. It is a small, worth sharing lesson. Details here.

Friday, February 24, 2017

April SPX Unbalanced Iron Condor

Today I initiated an April 2017 Unbalanced Iron Condor in SPX:

Trade details:

BUY  40 April SPX 2175 Put @7.28
SELL 40 April SPX 2180 Put @7.52
SELL 20 April SPX 2455 Call @3.86
BUY  20 April SPX 2460 Call @3.34

Total  Credit received: $2,000 (0.52 from Calls * 20 + 0.24 from Puts * 40)
Days to expiration: 56

Sunday, February 19, 2017

Weekend Portfolio Analysis (February 19, 2017)

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

Download Weekend Portfolio Analysis (2017-02-19).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The Weekend Portfolio Analysis will be available on this site next week for historical reference.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


Related Article: Weekend Portfolio Analysis (February 11, 2017) 
Recent Trading Activity

- Adjusted Call side of MAR SPX 2090/2100/2360/2370 Unbalanced Iron Condor to 2400/2410 on Monday at a $1,900 loss. New credit received of $1,125. Put side now almost a sure winner ($1,200 credit)

Saturday, February 11, 2017

Weekend Portfolio Analysis (February 11, 2017)

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

Download Weekend Portfolio Analysis (2017-02-11).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


Related Article: Weekend Portfolio Analysis (February 4, 2017) 
Recent Trading Activity

- No Activity.
As anticipated, given that none of the adjustment conditions outlined last weekend were met I made no defensive moves. On the offensive front, we are still very far from oversold conditions and far from the April monthly options expiration cycle.

Saturday, February 4, 2017

Weekend Portfolio Analysis (February 4, 2017)

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

Download Weekend Portfolio Analysis (2017-02-04).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


Related Article: Weekend Portfolio Analysis (January 28, 2017) 
Recent Trading Activity

- Closed FEB SPX Unbalanced Elephant for a $1,050 gain on Friday. We are now completely done with the February expiration cycle.

- Initiated a MAR RUT/IWM 1235/1245/1450/1460/127/146 Unbalanced Elephant position on Friday for a net credit of $1,480.


Friday, February 3, 2017

March 2017 RUT Unbalanced Elephant

 Trade Details:

20 RUT 1245/1235 Credit Put spreads 0.64 Credit ($1280)
8 RUT 1450/1460 Credit Call spreads 0.91 Credit ($728)

plus

2/16 IWM 127/146 Unbalanced Long Strangle (.80 debit for the 127 Put, .23 debit for the 146 Calls. $528 total debit)

Net Credit: $1480
Days to Expiration: 42

Thursday, February 2, 2017

Options Trading Monthly Digest (January 2017)

Time to reflect Options trading results for the month of January. Going forward these articles will be much simpler, only reflecting the positions that were closed 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.