tag:blogger.com,1999:blog-5375291312433129989.post8057267009009466773..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (June 29, 2014)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5375291312433129989.post-61886048789827973892014-06-30T01:29:26.031-04:002014-06-30T01:29:26.031-04:00Hi Dave and Henrik,
A boring week is what we lik...Hi Dave and Henrik, <br /><br />A boring week is what we like here as time decay does its magic. But I can't wait for VIX to be around the historical average of 20 so that we can get even further away from the current price. <br /><br />I agreed that 2000 is probably not possible this week. I have no idea what the market will do next. I won't be surprise if we have a correction sometime this summer or a rally to 2000. I have learned that the market can do anything at anytime.<br /><br />I think 15% annual gain is very realistic selling spreads. 25% to 35% is also possible as I have seen Adam Beaty achieved this return since 2011 selling put spreads and naked puts on SPX/SPY and RUT/IWM. <br /><br />Last week, I closed the July SPX 2000/2005 credit call spread and opened an August SPX 2025/2030 credit call spread. I was trying to sell the August SPX 1825/1820 bull put spread when market went down to 1945 on Wednesday for .45 to .50 credit but never got filled. SPX seems very illiquid when you are trying to sell very far OTM spreads. I will try to sell the 1825/1820 or lower next week if we dip below 1950 again. If I can't get that spread fill I wont worry. I am not comfortable with anything higher than 1825 at this point as I feel the market is prone to sell off any day now.<br /><br />My other positions:<br /><br />July IWM 95/93 credit put spread<br />July IWM 123/125 credit call spread<br />August IWM 105/103 credit put spread<br />August IWM 126/128 credit call spreadJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-80693056758185491052014-06-29T20:11:51.231-04:002014-06-29T20:11:51.231-04:00Glad you had a nice June.
A 15% per year, if you ...Glad you had a nice June. <br />A 15% per year, if you replicate that over a decade,....while at the same time adding funds every year, you could be set for life....obviously depending on your level of expenses and how much money you actually contribute to your trading account. But the point is 15% is a pretty solid return in a long time span. It is good to have those high yet attainable expectations.<br />Thanks for the comment Dave. Always appreciated.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-83510022377388330432014-06-29T14:29:51.831-04:002014-06-29T14:29:51.831-04:00Hi LT and Jonathan
Three great weeks with little m...Hi LT and Jonathan<br />Three great weeks with little market movement. Perfect weather for us option sellers. I finished out my Jun position with a 2.4% gain, and opened a similar JUL wide butterfly / condor with a OTM call and put for insurance against larger moves. I personally would like to be able to produce 15% per year in any market condition (up / down, low vol / high vol) so I think your returns this year to date are admirable. I agree with you guys that SPX seems to want to test higher. Every dip is bought back in short order. We shall see. Keep up the good work, and have a good week. DaveAnonymousnoreply@blogger.com