tag:blogger.com,1999:blog-5375291312433129989.post5686105112490221423..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (July 18, 2015)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5375291312433129989.post-48510656680197167082015-07-19T16:24:12.354-04:002015-07-19T16:24:12.354-04:00Last week:
On Monday, I opened a new position in S...Last week:<br />On Monday, I opened a new position in SPX with September expiration. SPX (2100) was in the middle of Bollinger Bands and the most recent price swing (2045;2130). I sold a slightly unbalanced iron condor: 6x SPX Sep 1850/1870 cps @1.25 + 5x SPX Sep 2210/2230 ccs @1.35; received total credit $1425.<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 />6x SPX Sep 1850/1870 cps + 5x SPX Sep 2210/2230 ccs<br /><br /><br />Next week:<br />Both August positions are close to my profit target and they no longer make enough money through theta decay worth keep them open. I will close them next week. <br />I am planning to open a new position in RUT with September expiration to replace the August positions. With Friday close, I am thinking about a balanced iron condor: 6x RUT Sep 1120/1140/1350/1370 ics for 2.75.<br />I will watch the September SPX credit spreads where the adjustment points are around 2000 and 2140.<br /><br /><br />Good trading,<br />MartinMartinnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-88403519738243239942015-07-19T09:54:01.490-04:002015-07-19T09:54:01.490-04:00Thanks Jonathan. Your opinion means a lot because ...Thanks Jonathan. Your opinion means a lot because you have been studying and trading credit spreads and Iron Condors for several years now and from many different sources. You truly know your stuff. So, I'm glad you have this opinion about the work I do here on the site. I must also say thank you for our communication all these years. I have learned a lot from you and all the information you have freely shared with me.<br /><br />And as for your positions, they all look very safe to me, you must be sleeping like a baby these days.<br /><br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-52260133006405834402015-07-18T22:14:41.749-04:002015-07-18T22:14:41.749-04:00Nice work Henrik. This is the only website I recom...Nice work Henrik. This is the only website I recommend for people to learn how to trade credit spreads. You are very transparent, honest and professional in all my years of interacting with you. <br /><br />What happen last week:<br /><br />On Wednesday I closed SPX Aug 31st 1750/1725 cps for $0.25 debit. I opened this position on Apr 14th for $1.65 credit. <br /><br />Also on Wednesday, I sold SPX Nov 30th 1750/1725 & 2275/2300 iron condor for $3.30 credit.<br /><br />On Thursday I closed IWM Aug 21st 105/103 cps for $0.02 debit. I opened this position on Apr 27th for $0.13 credit. <br /><br />Current positions:<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; will close for $0.25 debit<br /><br />SPX September 30th 1800/1790 cps - currently profitable<br /><br />SPX October 30th 1725/1700 & 2275/2300 iron condor - currently profitable<br /><br />SPX November 30th 1750/1725 & 2275/2300 iron condor - ccs position shows a tiny lossJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-48551231991870520452015-07-18T10:06:25.676-04:002015-07-18T10:06:25.676-04:00Thanks for the kind words Aram. The Lazy Mantra is...Thanks for the kind words Aram. The Lazy Mantra is a whole way of life based on low stress, low commissions and acceptable returns. As for the short EUR trade I do it on the spot Forex with an FX account with OANDA. So, I'm playing the currency directly instead of via derivatives.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-5862815475574759132015-07-18T10:00:24.549-04:002015-07-18T10:00:24.549-04:00Henrik, you are doing great this year! What is ama...Henrik, you are doing great this year! What is amazing is that you have achieved such a fantastic return with so few trades. The lazy method really does work!!! With regards to your short Euro trade, how will you set the trade up? Do you use options, futures, or just sell the currency in an FX account? I am thinking about going short Euro as well, but am not set up for FX, so I will probably trade it using futures or futures options.Aram Basmadjianhttps://www.blogger.com/profile/08516116419183884211noreply@blogger.com