tag:blogger.com,1999:blog-5375291312433129989.post4128951304851327468..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (July 11, 2015)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5375291312433129989.post-36057103546665537442015-07-13T10:03:38.595-04:002015-07-13T10:03:38.595-04:00I didn't either Martin. No idea what the VIX e...I didn't either Martin. No idea what the VIX equivalent is in the Chinese markets. In any case, and although it looks scary, remember that these extreme moves are not common. The cost of not doing business over time is greater that the eventual loss in an event like this that is not frequent at all.<br />Regards,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-57405744304124590902015-07-12T07:42:55.716-04:002015-07-12T07:42:55.716-04:00Hi LT,
I was also watching the Chinese stock marke...Hi LT,<br />I was also watching the Chinese stock market last week. Back in 2008, when SPX went from 1300 to 800 (-38%) in two months, the VIX shot up from 20 to 80. The Shanghai stock index plunged from 5200 to 3500 (-33%) in one month. I wanted to see what the index volatility is, but I didn't find a chinese equivalent to the VIX index.<br /><br />MartinMartinnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-85352168365478875362015-07-12T07:40:37.113-04:002015-07-12T07:40:37.113-04:00Last week:
On Tuesday, I adjusted the August RUT i...Last week:<br />On Tuesday, I adjusted the August RUT iron condor. When RUT was around 1231, my position was down about -4.5% and the delta of my short Aug 1160 puts was over -22. I decided to reduce futher losses on the downside by buying one Aug 1160/1190 debit put spread. This cut the position delta from 20 to 10. The debit spread cost me 6.50 which lowered the maximum profit at expiration to about $670.<br /><br /><br />Open positions:<br />5x SPX Aug 1830/1850 cps + 4x SPX Aug 2200/2220 ccs + 1x SPX Aug 2180/2200 dcs<br />5x RUT Aug 1140/1160/1360/1380 ics + 1x RUT Aug 1160/1190 dps<br /><br /><br />Next week:<br />I am planning to open new credit spreads in SPX with September expiration next week. With the Friday close, I am thinking about an unbalanced iron condor: 6x SPX Sep 1820/1840 cps + 4x SPX Sep 2200/2220 ccs. The initial adjustment points for this position would be (2000;2140); this is 70pts of cushion up and down.<br />Apart from that, I will watch my exiting credit spreads with August expiration. The adjustment points for the August SPX position is (2020;2160) and (1205;1310) for the August RUT iron condor.<br /><br /><br />Good trading,<br />MartinMartinnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-74621691168616421962015-07-12T07:21:45.536-04:002015-07-12T07:21:45.536-04:00Hello all, my summer hols are over, and I'll b...Hello all, my summer hols are over, and I'll be back to the office on Monday. But the real job, the one makes me think on a passionate future plenty of freedom begun on Thursday when I opened positions on August and September.<br /><br />Current Positions are:<br /><br />July RUT 1010/1020 @ 0.35 cps<br />July SPX 1850/1860 @ 0.7 cps<br />Aug RUT 1360/1370 @ 0.35 ccs<br />Aug SPX 1815/1825 @ 0.45 cps<br />Sep RUT 1040/1050 @ 0.60 cps<br />Bellini Marketshttps://www.blogger.com/profile/07308580101950960487noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-11027363239263185112015-07-11T11:13:57.950-04:002015-07-11T11:13:57.950-04:00You are correct it was on Wednesday. Just fixed it...You are correct it was on Wednesday. Just fixed it. <br />Thanks<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-39629795136424855712015-07-11T11:03:17.975-04:002015-07-11T11:03:17.975-04:00You have a typo: "The trade entered on Friday...You have a typo: "The trade entered on Friday. Looking very comfortable to ride. 6 weeks to expiration. Nothing new to say here."<br /><br />It should say 'Wednesday' because I also sold some credit put spreads that day in my personal account. :)<br /><br />What I did last week:<br /><br />On Monday, we had an oversold condition on RUT. I sold RUT September 30th 1050/1040 for .75 credit. <br /><br />On Tuesday, I closed SPX September 30th 2275/2300 ccs for .25 debit. I opened this position on 5/11/15 for $2.45 credit. Profit is $2.15. <br /><br />My current positions:<br /><br />IWM August 21st 105/103 cps – currently profitable; will close for a debit of .02 in early July<br /><br />SPX August 31st 1750/1725 cps– currently profitable; will close for a debit of .25 in early July<br /><br />RUT September 30th 1000/990 & 1380/1390 iron condor - currently profitable<br /><br />RUT September 30th 1050/1040 cps - currently profitable<br /><br />SPX September 30th 1725/1700 cps - currently profitable<br /><br />SPX September 30th 1800/1790 cps - currently profitable<br /><br />SPX October 30th 1725/1700 & 2275/2300 iron condor - currently profitableJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com