tag:blogger.com,1999:blog-53752913124331299892024-03-13T01:02:17.816-04:00The Lazy TraderA site to discuss Options trading, Forex and Long Term InvestingHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger915125tag:blogger.com,1999:blog-5375291312433129989.post-43971630162673702362020-10-07T18:15:00.005-04:002020-11-10T19:21:41.854-05:00SPX November Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Trade Details:</b><br />
<br />
4 November SPX 2930/2930 Credit Put spread @0.80<span> </span>credit each</div><div dir="ltr" style="text-align: justify;" trbidi="on">1 November SPX 3720/3730 Credit Call spread @0.90 credit<br />
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Net Credit: $410<br />
Max Risk: $3,590<br /> 43 days to Exp.<br />
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<a name='more'></a><br />Profit/Risk Profile</div><div dir="ltr" style="text-align: justify;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNjjE-VhQ8La1XVAV23qlhyfbb2HpJaALEZDHoWsyr72YxLwAJhl_5AZT2vmFCxZWvEhseHGximr-aZwCF9j4NZQ4kziOvPPgmeUwDMkAVH4sHxHceXaot_8Ri1tMBV7nU-EX2tgYczjye/s1295/SPX-Unbalanced-Nov.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="521" data-original-width="1295" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNjjE-VhQ8La1XVAV23qlhyfbb2HpJaALEZDHoWsyr72YxLwAJhl_5AZT2vmFCxZWvEhseHGximr-aZwCF9j4NZQ4kziOvPPgmeUwDMkAVH4sHxHceXaot_8Ri1tMBV7nU-EX2tgYczjye/w620-h250/SPX-Unbalanced-Nov.JPG" width="620" /></a></div><br /> </div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on"> SPX Chart for future reference:</div><div dir="ltr" style="text-align: justify;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOE-b10rZ_YiXI70ofXyTRgpM-WRB3SIHvYV8c8pfgV9uQZgvMc9CKDol53NgFJnemHoLvccl2X-Jcn_l7u9BV01jsNy6IW2YrcgXhWiQw6VNxmwR8YnB1YUxEmGv7hfESFqECcMr8c0xz/s1263/SPX-20201007.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="873" data-original-width="1263" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOE-b10rZ_YiXI70ofXyTRgpM-WRB3SIHvYV8c8pfgV9uQZgvMc9CKDol53NgFJnemHoLvccl2X-Jcn_l7u9BV01jsNy6IW2YrcgXhWiQw6VNxmwR8YnB1YUxEmGv7hfESFqECcMr8c0xz/w623-h430/SPX-20201007.JPG" width="623" /></a></div> <br /></div>
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</div><div dir="ltr" style="text-align: justify;" trbidi="on"><b>Trade Update - November 10, 2020</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on">Closed entire position</div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on">4 November SPX 2930/2930 Credit Put spread @0.10 debit each</div><div dir="ltr" style="text-align: justify;" trbidi="on">0.70 gain per contract. $280</div><div dir="ltr" style="text-align: justify;" trbidi="on"> <br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">1 November SPX 3720/3730 Credit Call spread @0.45 debit</div><div dir="ltr" style="text-align: justify;" trbidi="on">0.45 gain. $45</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Total profit <span style="color: #38761d;"><b>$325</b></span><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on">On a $3,590 max risk it, that represents a <span style="color: #38761d;"><b>+9.1%</b></span> Return on Risk<br /><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div>
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div><br />
<br />
<br />
<div><b>Go to the bottom of this page in order to see the Legal Stuff</b></div></div>
</div>Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-91585971827859986752020-10-02T13:47:00.008-04:002020-11-10T19:31:23.233-05:00November RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on"><div dir="ltr" trbidi="on"><b>Trade Details:</b><br /><br />4 November RUT 1280/1270 Credit Put spread @1.00 credit each<br />2 November RUT 1750/1760 Credit Call spread @0.90 credit each<br /><br />2 November IWM 175 Long Calls @0.63 debit<br /><br /><a name='more'></a>Net Credit: $454<br />Max Risk: $3,546<br /><br />Risk Profile</div><div dir="ltr" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjaXBUJ-z4wQW8crfpZ4pOxh0mRlpWH30Uep6l53r0uw4IGK9WWTfdKuiPKUMLfqFOTravuvxHqS8_dYmzRbuIBhoCMnciSVGlGQbiax_TOwDEWmAcp65nWZ8KJ9uSFiHW4rxfViU5n-I2/s1116/RUT-November-Unbalanced-Iron-Condor.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="479" data-original-width="1116" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjaXBUJ-z4wQW8crfpZ4pOxh0mRlpWH30Uep6l53r0uw4IGK9WWTfdKuiPKUMLfqFOTravuvxHqS8_dYmzRbuIBhoCMnciSVGlGQbiax_TOwDEWmAcp65nWZ8KJ9uSFiHW4rxfViU5n-I2/w596-h255/RUT-November-Unbalanced-Iron-Condor.JPG" width="596" /></a></div><br /> </div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on">RUT Chart for future reference:</div><div dir="ltr" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5CfUAj10HGpkR3NIqPI1AhkBmct0O-J2oRciXG3aawpN_KH0ySrHwPoAx_I_o8jdxInX2xqE2jJ6CvZlfDUfmwWIzF1xqwv_43qFURgiQ6hCEm_4pf6ADL8LTmandelI0MDRJyvvNVXa9/s1097/RUT-Chart-20201002.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="867" data-original-width="1097" height="478" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5CfUAj10HGpkR3NIqPI1AhkBmct0O-J2oRciXG3aawpN_KH0ySrHwPoAx_I_o8jdxInX2xqE2jJ6CvZlfDUfmwWIzF1xqwv_43qFURgiQ6hCEm_4pf6ADL8LTmandelI0MDRJyvvNVXa9/w604-h478/RUT-Chart-20201002.JPG" width="604" /></a></div><br /> </div><div dir="ltr" trbidi="on"><br /><hr /></div><b>Trade Update - November 10, 2020</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWYtvs-GPmz2GG985c2iEIZVR4FHdkUTbytAhBHv83IU-dXzJ8lLEqW2nNE5BgETjxtKT_DdUI3T2GemngBRmaYlic_kI8zTe4mXTdwtlSq0g_lWU76RqMh1eM3CjOLeRVlhXBfoTerwub/s1166/RUT-Elephant-closure.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="472" data-original-width="1166" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWYtvs-GPmz2GG985c2iEIZVR4FHdkUTbytAhBHv83IU-dXzJ8lLEqW2nNE5BgETjxtKT_DdUI3T2GemngBRmaYlic_kI8zTe4mXTdwtlSq0g_lWU76RqMh1eM3CjOLeRVlhXBfoTerwub/w619-h251/RUT-Elephant-closure.JPG" width="619" /></a></div> </div><div dir="ltr" style="text-align: justify;" trbidi="on">Closed entire trade</div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on">This one was a good example of how the market rallied super hard after elections and yet it doesn't dramatically hurt the Elephant, which is still a winner.</div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on"><b>4 November RUT 1280/1270 Credit Put spread @0.05 debit each</b></div><div dir="ltr" style="text-align: justify;" trbidi="on">Original Credit was 1.00, so this is a 0.95 gain or +$380 in 4 spreads.<br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /><b>2 November RUT 1750/1760 Credit Call spread @4.50 debit each</b></div><div dir="ltr" style="text-align: justify;" trbidi="on">Original Credit was 0.90, so this is a 3.60 loss or -$720 in 2 spreads<br /><br /><b>2 November IWM 175 Long Calls @2.51 credit</b><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Original debit was 0.63 debit, or 1.88 per contracts. For 2 contracts that is +$376</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Combining all three: +$380 - $720 + $376 = +<span style="color: #38761d;"><b>$36</b></span><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"> <br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">This tiny return represents a +1% return on risk<br /><div dir="ltr" trbidi="on"> <br /></div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"><a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br /><br /><br /><div><b>Go to the bottom of this page in order to see the Legal Stuff</b></div></div></div>
</div>Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-27854278252261258002020-09-01T20:35:00.002-04:002020-10-02T13:55:04.917-04:00SPX October Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
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<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 October SPX 3025/3015 Credit Put spread @0.60<span> </span>credit each</div><div dir="ltr" style="text-align: justify;" trbidi="on">2 October SPX 3800/3810 Credit Call spread @1.00 credit<br />
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Net Credit: $440<br />
Max Risk: $3,560<br /> 45 days to Exp.<br />
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<br />
<a name='more'></a><br />Profit/Risk Profile</div><div dir="ltr" style="text-align: justify;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwpFRY43tefe9yDnPsmKHItuPdKJqGNGfTVZrqV8kQGjr2Rk_c-ymqcsfaw63Z-b5MKN49GfPENoEm0-RsG0IsrLjxsyMtpVnovCWQrGqfTiokWMGvqfbaJbFd4irg2jYp8VzTuAbU_Mwb/s1222/SPX-Oct-profit.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="1222" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwpFRY43tefe9yDnPsmKHItuPdKJqGNGfTVZrqV8kQGjr2Rk_c-ymqcsfaw63Z-b5MKN49GfPENoEm0-RsG0IsrLjxsyMtpVnovCWQrGqfTiokWMGvqfbaJbFd4irg2jYp8VzTuAbU_Mwb/s640/SPX-Oct-profit.PNG" width="640" /></a></div><br /> </div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on"> SPX Chart for future reference:</div><div dir="ltr" style="text-align: justify;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjkVrPy_RqzibL7yGW10oXpbyNmHdItMECJgntyt4MdPaBhSjl21MupcmvKzBFJsR6sVNKU8U79QmajIriTkbKLOgws-8EJ0cenv_t_1HGyaI2C2xluXeIv90enY8a3d1qmR4M2rxDC6So/s1180/SPX-Oct-chart.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="1180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjkVrPy_RqzibL7yGW10oXpbyNmHdItMECJgntyt4MdPaBhSjl21MupcmvKzBFJsR6sVNKU8U79QmajIriTkbKLOgws-8EJ0cenv_t_1HGyaI2C2xluXeIv90enY8a3d1qmR4M2rxDC6So/s640/SPX-Oct-chart.PNG" width="640" /></a></div><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"> <br /></div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
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</div><div dir="ltr" style="text-align: justify;" trbidi="on"><b>Trade Update - October 2, 2020</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"> </div><div dir="ltr" style="text-align: justify;" trbidi="on">4 October SPX 3025/3015 Credit Put spread @0.35 debit each (25*4=$100) <br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">2 October SPX 3800/3810 Credit Call spread @0.05 debit (95*2=$190) <br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /><div dir="ltr" style="text-align: justify;" trbidi="on">Total profit <span style="color: #38761d;"><b>+$290</b></span></div><div dir="ltr" style="text-align: justify;" trbidi="on">Return on Risk <span style="color: #38761d;"><b>+8.1%</b></span><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div>
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-8875079202264740602020-08-20T10:11:00.006-04:002020-09-30T13:13:17.456-04:00October RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on"><div dir="ltr" trbidi="on"><b>Trade Details:</b><br /><br />4 October RUT 1300/1290 Credit Put spread @0.80 credit each<br />2 October RUT 1750/1760 Credit Call spread @0.90 credit each<br /><br />1 October IWM 174 Long Calls @0.66 debit<br /><br /><a name='more'></a>Net Credit: $434<br />Max Risk: $3,566<br /><br />Risk Profile</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBaE_iVaLYWJNH6Rlx7Cj-VovZqswLLtw_oSPL51WCm9Ma8t24XR71H8wK6tPNK075TFtl1ijzNcEKsz3pnZFPitKgfyIttrypzwEBtrEWeGRHt5EkaDYNj1LFv23wrvQy1bYjNd6EhmZS/s1182/RUT-October-elephant.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="1182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBaE_iVaLYWJNH6Rlx7Cj-VovZqswLLtw_oSPL51WCm9Ma8t24XR71H8wK6tPNK075TFtl1ijzNcEKsz3pnZFPitKgfyIttrypzwEBtrEWeGRHt5EkaDYNj1LFv23wrvQy1bYjNd6EhmZS/s640/RUT-October-elephant.PNG" width="640" /></a></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br />RUT Chart for future reference:</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTDKsmaoeI03SHp1toxNw2_ijMOcKRkkk5Bf0ZHVuh0FyN5Mt73eUrFIpZ6Ihjn0cRMCiMmdJl0noBUQ0JK-6qm_F-CT3yxpvUtEWkiZe1__7hQFIoFPmICf8n6nKPq9uwh7L4PbXG-mac/s1173/RUT-Chart-20200820.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="867" data-original-width="1173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTDKsmaoeI03SHp1toxNw2_ijMOcKRkkk5Bf0ZHVuh0FyN5Mt73eUrFIpZ6Ihjn0cRMCiMmdJl0noBUQ0JK-6qm_F-CT3yxpvUtEWkiZe1__7hQFIoFPmICf8n6nKPq9uwh7L4PbXG-mac/s640/RUT-Chart-20200820.PNG" width="640" /></a></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br /><hr /></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"><b>Trade Update - September 30, 2020</b></div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"> Closed position entirely</div><div dir="ltr" trbidi="on"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Nx44aqBh1wVgLtQQ7U0kWkW_ml5dqsgzcD_PWAmM1NB84hPErFdqAJuH7mv0js-2G7Xlw8WyP5AAT8iwZgE-FozTp4WOgSO2j0zIsxxEt6nHWZGD2sQ0FSIM6Ccumne8Cy_LZ_bOa8iJ/s1230/ELEPHANT.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="430" data-original-width="1230" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2Nx44aqBh1wVgLtQQ7U0kWkW_ml5dqsgzcD_PWAmM1NB84hPErFdqAJuH7mv0js-2G7Xlw8WyP5AAT8iwZgE-FozTp4WOgSO2j0zIsxxEt6nHWZGD2sQ0FSIM6Ccumne8Cy_LZ_bOa8iJ/w631-h221/ELEPHANT.JPG" width="631" /></a></div><br /><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on"></div><div dir="ltr" trbidi="on">4 October RUT 1300/1290 Credit Put spread @0.17 debit each (+$252)<br />2 October RUT 1750/1760 Credit Call spread @0.05 debit each (+$170)<br /><br />1 October IWM 174 Long Calls @0.04 credit (-$62)<br /> </div><div dir="ltr" trbidi="on">Total net profit <span style="color: #38761d;"><b>+$360</b></span>, <span style="color: #38761d;"><b>+10.1%</b></span> Return on Risk<br /></div><div dir="ltr" trbidi="on"> <br /></div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"> </div><div dir="ltr" trbidi="on"><a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br /><br /><br /><div><b>Go to the bottom of this page in order to see the Legal Stuff</b></div></div></div>
</div>Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-80707947413021656712020-07-29T11:43:00.003-04:002020-08-27T09:00:23.573-04:00September SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 September SPX 2775/2765 Credit Put spread @0.65 credit each<br />
1 September SPX 3490/3500 Credit Call spread @0.90 credit<br />
<br />
Net Credit: $350<br />
Max Risk: $3,650<br />
50 days to Exp.<br />
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<br />
<a name='more'></a><br />
Profit/Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-ECcCc2s8bVKKwtVayzuvK-9BKALHpdRFq935pKXHZe4gpBNF3R1daLLVbxEGxBHvjKL-HQTwsOBipRXqyscrC2nnaMJT-o3pon8H3mDdSjyN5XOkDA6h2Aqtub4EHMmaz3vq_rBuwVXQ/s1600/SPX-Profile.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="461" data-original-width="1138" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-ECcCc2s8bVKKwtVayzuvK-9BKALHpdRFq935pKXHZe4gpBNF3R1daLLVbxEGxBHvjKL-HQTwsOBipRXqyscrC2nnaMJT-o3pon8H3mDdSjyN5XOkDA6h2Aqtub4EHMmaz3vq_rBuwVXQ/s640/SPX-Profile.PNG" width="640" /></a></div>
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SPX Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7PDtATnN7hd8OjT1QecjkA724JFi67xAj2G_LXU5KHnex4vNDG63nfDBBmFEX2ytxJ73GBX_-zCzW8Fdp4rZsv6UPC0ONdvP6PnR04m4vScwHM-EXd9MXoT0a95a31WckXnrTlayWy5eI/s1600/SPX-Chart-20200729.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="862" data-original-width="1158" height="476" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7PDtATnN7hd8OjT1QecjkA724JFi67xAj2G_LXU5KHnex4vNDG63nfDBBmFEX2ytxJ73GBX_-zCzW8Fdp4rZsv6UPC0ONdvP6PnR04m4vScwHM-EXd9MXoT0a95a31WckXnrTlayWy5eI/s640/SPX-Chart-20200729.PNG" width="640" /></a></div>
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<b>Trade Update - August 7</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4CArR6SoXLvM7xF7C_FGW3g7_K3Ex4nHd_UJEGbPgKTUee2xqeaeq_62kKJOu4603TMemRb718cUqrNlNBx0m7ngzPBRxYe6McNpaFLOqlnLOaRQ9n4Ra6xs5q3bGkph_fg-OJoPBmEqV/s1295/SPX-Aug7.PNG" style="display: block; padding: 1em 0px;"><img border="0" data-original-height="611" data-original-width="1295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4CArR6SoXLvM7xF7C_FGW3g7_K3Ex4nHd_UJEGbPgKTUee2xqeaeq_62kKJOu4603TMemRb718cUqrNlNBx0m7ngzPBRxYe6McNpaFLOqlnLOaRQ9n4Ra6xs5q3bGkph_fg-OJoPBmEqV/s640/SPX-Aug7.PNG" width="640" /></a></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Closed Call side</div><div dir="ltr" style="text-align: justify;" trbidi="on">1 September SPX 3490/3500 Credit Call spread @2.10 debit</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">A $120 loss.</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Put side remains in play, now looking safer and with a $260 credit.</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><div dir="ltr" trbidi="on"><hr /></div><div dir="ltr" trbidi="on"><b>Trade Update - August 27</b></div><div dir="ltr" trbidi="on"><b><br /></b></div></div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">Closed Put side</div><div dir="ltr" style="text-align: justify;" trbidi="on">4 September SPX 2775/2765 Credit Put spread @0.10 debit each</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Profit of 0.55 per spread for a total of $220 gain</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">This, combined with the earlier loss on the Call side of $120 results in a net<span style="color: #38761d;"> <b>+$100</b></span> profitable trade</div><div dir="ltr" style="text-align: justify;" trbidi="on"><b><span style="color: #38761d;">+2.7%</span></b> Return on Risk</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div>
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
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<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-85117609802927088522020-07-17T17:21:00.005-04:002020-08-18T22:36:14.064-04:00August RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Trade Details:</b><br />
<br />
4 August RUT 1250/1240 Credit Put spread @0.80 credit each<br />
2 August RUT 1640/1650 Credit Call spread @1.00 credit each<br />
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2 August IWM 164 Long Calls @0.66 debit each<br />
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<a name='more'></a>Net Credit: $398<br />
Max Risk: $3,602<br />
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Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU3is1Prsm5MFOQpvFvvLPoaUCVFBsfrj9X9ZOQ4ouRXHe2tAX0lrrEBCLK-x4VT8vumZ-kQGuluSssT4rbgWGaVBgKcvghySurIEzPNp8ZtdqwA5x83tazDaai-H1slsIQsKIpli2OOhT/s1600/Riskprofile-RUT-Elephant.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="389" data-original-width="1216" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU3is1Prsm5MFOQpvFvvLPoaUCVFBsfrj9X9ZOQ4ouRXHe2tAX0lrrEBCLK-x4VT8vumZ-kQGuluSssT4rbgWGaVBgKcvghySurIEzPNp8ZtdqwA5x83tazDaai-H1slsIQsKIpli2OOhT/s640/Riskprofile-RUT-Elephant.PNG" width="640" /></a></div>
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RUT Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdcSLWfv4GDA8gXAcMo-KVdDJAzmrF_G-XVQMqR2Iin1R4PDz8gNCpp5HHrTmbN-y0ArZ-Cu_SbRvjW4Wk4eQG1Hi-eWy3-jkLp8Vjf1F4S2ITmLeJ2RW24dWgrFcHxOrV04E1TJezzVuX/s1600/RUT-20200717.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="865" data-original-width="1191" height="464" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdcSLWfv4GDA8gXAcMo-KVdDJAzmrF_G-XVQMqR2Iin1R4PDz8gNCpp5HHrTmbN-y0ArZ-Cu_SbRvjW4Wk4eQG1Hi-eWy3-jkLp8Vjf1F4S2ITmLeJ2RW24dWgrFcHxOrV04E1TJezzVuX/s640/RUT-20200717.PNG" width="640" /></a></div>
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<b>Trade Update - August 7</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Closed Call side</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><b>2 August RUT 1640/1650 Credit Call spread @1.05 debit each, a 0.05 loss, or $10<br /><br />2 August IWM 164 Long Calls @0.40 credit each, a 0.26 loss, or $52</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">Total Loss $62</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">The Put side remains in play with its $320 credit, enough to overcome this small loss of the Call side</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on"><hr /><b>Trade Update - August 18</b></div><div dir="ltr" style="text-align: justify;" trbidi="on"><b><br /></b></div><div dir="ltr" style="text-align: justify;" trbidi="on"><b>Closed Put side</b></div><div dir="ltr" style="text-align: justify;" trbidi="on">4 August RUT 1250/1240 Credit Put spread @0.05 debit each, for a 0.75 gain</div><div dir="ltr" style="text-align: justify;" trbidi="on">Total gain $300</div><div dir="ltr" style="text-align: justify;" trbidi="on"><br /></div><div dir="ltr" style="text-align: justify;" trbidi="on">This profit, combined with the earlier loss on the Call side of $62 results in a net <b><span style="color: #6aa84f;">+$238</span></b> gain</div><div dir="ltr" style="text-align: justify;" trbidi="on">On a max initial risk of $3,602 this represents a <b><span style="color: #6aa84f;">+6.6%</span></b> Return on Risk<br />
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<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-47646205953478304952020-06-26T16:13:00.001-04:002020-07-29T11:31:57.899-04:00August SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Trade Details:</b><br />
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4 August SPX 2430/2420 Credit Put spread @0.80 credit each<br />
1 August SPX 3340/3350 Credit Call spread @0.95 credit<br />
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Net Credit: $415<br />
Max Risk: $3,585<br />
56 days to Exp.<br />
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<a name='more'></a><br />
Profit/Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnMJmjh95K74ZHBxQ3jrbqWgsEQhqFlS9BCBI5sBmhGZpJpFXTVPhVF56_GZXlaRyO43M4TpjIfI7ZvmA9lHnp9Dn_tGbK1kWeMQLnXUgoFmQKMbfSTQ5w3GY3MLbg2iRcWkI4PpXkckDJ/s1600/SPX-Unbalanced-Iron-Condor.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="507" data-original-width="1201" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnMJmjh95K74ZHBxQ3jrbqWgsEQhqFlS9BCBI5sBmhGZpJpFXTVPhVF56_GZXlaRyO43M4TpjIfI7ZvmA9lHnp9Dn_tGbK1kWeMQLnXUgoFmQKMbfSTQ5w3GY3MLbg2iRcWkI4PpXkckDJ/s640/SPX-Unbalanced-Iron-Condor.PNG" width="640" /></a></div>
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SPX Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWC46zeBApPCzH2ulQ7BoQ2dN550Y29amrGfVa8aC2dc8jAC5NSMHXw0p8Rqs1krtwtfiLuG6xbOn5MeIXv592ccbC3ia2W_-mN3IvWiTJ9SoGrH_rY5IeNRVaDiXm-ikVSbnFaA6ZvL0p/s1600/SPX-Chart-20200626.PNG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="1193" height="466" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWC46zeBApPCzH2ulQ7BoQ2dN550Y29amrGfVa8aC2dc8jAC5NSMHXw0p8Rqs1krtwtfiLuG6xbOn5MeIXv592ccbC3ia2W_-mN3IvWiTJ9SoGrH_rY5IeNRVaDiXm-ikVSbnFaA6ZvL0p/s640/SPX-Chart-20200626.PNG" width="640" /></a></div>
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<b>Trade Update - July 17, 2020</b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGxoV-7VTX9QXl1kdPuEDTAiZzhVdguN6DeclfCPayikbxJJ_lNYk9l0Api9iAP0h7esNht9iEB1RuNeX7iJZ7EcRv1ycssrv5wveV7MV9E0FI96uWi9tSGsWSaaH5aazSwUsufmUDyfBJ/s1199/SPX-20200717.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="615" data-original-width="1199" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGxoV-7VTX9QXl1kdPuEDTAiZzhVdguN6DeclfCPayikbxJJ_lNYk9l0Api9iAP0h7esNht9iEB1RuNeX7iJZ7EcRv1ycssrv5wveV7MV9E0FI96uWi9tSGsWSaaH5aazSwUsufmUDyfBJ/w640-h328/SPX-20200717.PNG" width="640" /></a></div>
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Closed Call side at a loss</div>
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<b>1 August SPX 3340/3350 Credit Call spread @3.20 debit</b></div>
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<b><br /></b></div>
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Net loss $225</div>
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The Put side is still in</div>
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<b>Trade Update - July 29, 2020</b><br />
<b><br /></b>
<b>Closed Put side</b><br />
4 August SPX 2430/2420 Credit Put spread @0.05 debit each<br />
A profit of 0.75 per spread. $300 in 4 spreads.<br />
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This, combined with the earlier loss on the Call side results in a net profit of <b><span style="color: #38761d;">$75</span></b>, a <b><span style="color: #38761d;">+2.1%</span></b> return on risk.<br />
<br /></div>
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-72275095381183818792020-05-30T13:37:00.002-04:002020-07-17T17:25:33.785-04:00July RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Entered on Friday May 29</b><br />
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<b>Trade Details:</b><br />
<br />
4 July RUT 1140/1130 Credit Put spread @0.80 credit each<br />
2 July RUT 1590/1600 Credit Call spread @1.00 credit each<br />
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2 July IWM 160 Long Calls @0.45 debit each<br />
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<a name='more'></a>Net Credit: $430<br />
Max Risk: $3,570<br />
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Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjMN1tqf-Ad8AuXZPMOFKuHbIKnWdroLgaz6W6cPDT2fRLz8y3o8bOs1Q0aEmnAu7myKkMWnGHJBc97GC78GDJUpeZtEPF2EawcJxoUCG6TzuVcjl_lpsA2TxUmWFimaaqqANrONTqHk6l/s1600/RUT-Elephant-Risk-Profile.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="473" data-original-width="1209" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjMN1tqf-Ad8AuXZPMOFKuHbIKnWdroLgaz6W6cPDT2fRLz8y3o8bOs1Q0aEmnAu7myKkMWnGHJBc97GC78GDJUpeZtEPF2EawcJxoUCG6TzuVcjl_lpsA2TxUmWFimaaqqANrONTqHk6l/s640/RUT-Elephant-Risk-Profile.PNG" width="640" /></a></div>
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RUT Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrjOWfONjJeyXaWOd40qapETuSi-vLm153jMQhvNJlrt7YNrmdWUQXFoNczXwEoypZ-gGo_RS46NQPfiFqEwteymaZDiye23OH80pMbi78iVnzCAoHrQUWeRiZMzZOvLw6PfxnUxSJY9dp/s1600/RUT-20200530.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="867" data-original-width="1198" height="462" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrjOWfONjJeyXaWOd40qapETuSi-vLm153jMQhvNJlrt7YNrmdWUQXFoNczXwEoypZ-gGo_RS46NQPfiFqEwteymaZDiye23OH80pMbi78iVnzCAoHrQUWeRiZMzZOvLw6PfxnUxSJY9dp/s640/RUT-20200530.PNG" width="640" /></a></div>
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<b>Trade Update - June 8, 2020</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEaeRqaT97qIJyqIE2oMVv6jyMcHoJ2WrF07Er3iCs5GuTre8Y-7b4gep38DDD4dKh_4BkiV_CIwZZNQIuNgI2yj526m8ak9AOGLIW616e_7M5P2VL69GkizKqxaUgkqRUbYel0ryjz1io/s1600/RUT-20200608.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="868" data-original-width="1181" height="470" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEaeRqaT97qIJyqIE2oMVv6jyMcHoJ2WrF07Er3iCs5GuTre8Y-7b4gep38DDD4dKh_4BkiV_CIwZZNQIuNgI2yj526m8ak9AOGLIW616e_7M5P2VL69GkizKqxaUgkqRUbYel0ryjz1io/s640/RUT-20200608.PNG" width="640" /></a></div>
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Closed Call side:<br />
<b><br /></b>
<b>2 July RUT 1590/1600 Credit Call spread @3.95 debit each</b><br />
Original credit was 1.00. Loss of 2.95 per spread (-$590)<br />
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<b>2 July IWM 160 Long Calls @2.75 credit each</b><br />
Original debit was 0.45. Net gain of 2.30 per contract (+$460)<br />
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The Call side therefore results in a loss of <b>$130</b><br />
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The Put side remains in play. With its $320 total credit, it has more than enough to compensate for this manageable loss on the Call side.<br />
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<hr />
<b>Trade Update - July 17, 2020</b><br />
<b><br /></b>
<b>Put side expires</b><br />
4 July RUT 1140/1130 Credit Put spread @0.80 credit each<br />
<br />
Max profit reached of $320<br />
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This, combined with the earlier $120 loss on the Call side represents a net profit of <b><span style="color: #38761d;">$190</span></b><br />
This return represents a <b><span style="color: #38761d;">+5.3%</span></b> return on a risk of $3570<br />
<b><br /></b>
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-79383383439274004452020-05-13T10:13:00.001-04:002020-05-26T10:04:04.631-04:00June RUT Elephant (2)<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Second June RUT Elephant after the first one was closed</b><br />
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<b>Trade Details:</b><br />
<br />
4 June RUT 1030/1020 Credit Put spread @1.00 credit each<br />
2 June RUT 1440/1450 Credit Call spread @1.00 credit each<br />
<br />
2 June IWM 145 Long Calls @0.49 debit each<br />
1 June IWM 105 Long Put @1.42 debit <br />
<br />
<a name='more'></a>Net Credit: $360<br />
Max Risk: $3,640<br />
<br />
Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhChaPab2r4JnTGzGI1Bd8npl51VLdYr0J-QAlVHzpv-4Ps14Yy0ljonZg8UT9D59Q47AgYnIB2xT7LRw-xEVM_NTO7GsYfQA3p8SUkYtUKLxa057aewcaVloFKO0_tJH96hjYhjpqriGxD/s1600/RUT-Elephant-June-2020+%25282%2529.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="421" data-original-width="1318" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhChaPab2r4JnTGzGI1Bd8npl51VLdYr0J-QAlVHzpv-4Ps14Yy0ljonZg8UT9D59Q47AgYnIB2xT7LRw-xEVM_NTO7GsYfQA3p8SUkYtUKLxa057aewcaVloFKO0_tJH96hjYhjpqriGxD/s640/RUT-Elephant-June-2020+%25282%2529.PNG" width="640" /></a></div>
<br />
<br />
RUT Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ_FhD9lnShgklUN1_VpVJblRe7XfOgY2W6J3XQ5aE2EzAq1u6jSPea0w9isj3fBA2thh00_WYi7YHEtyl0IguCqGqidp4LISrmlKu0J1eglTdPoOfBCcc07MwmbUYn4VFilLPoPAuurPr/s1600/RUT-Chart-20200513.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="875" data-original-width="1253" height="446" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ_FhD9lnShgklUN1_VpVJblRe7XfOgY2W6J3XQ5aE2EzAq1u6jSPea0w9isj3fBA2thh00_WYi7YHEtyl0IguCqGqidp4LISrmlKu0J1eglTdPoOfBCcc07MwmbUYn4VFilLPoPAuurPr/s640/RUT-Chart-20200513.PNG" width="640" /></a></div>
<br />
<br />
<hr />
<b>Trade Update - May 26, 2020</b><br />
<br />
Things didn't go well. Getting out at a scratch basically<br />
<br />
4 June RUT 1030/1020 Credit Put spread @0.05 debit each (+$380)<br />
2 June RUT 1440/1450 Credit Call spread @4.30 debit each (-$660)<br />
<br />
2 June IWM 145 Long Calls @2.49 credit each (+$400 gain)<br />
1 June IWM 105 Long Put @0.16 credit (-$126 loss) <br />
<br />
Combining it all it is a <span style="color: red;"><b>$6</b></span> loss, on a $3640 max risk, this represents a <span style="color: red;"><b>-0.2%</b></span> return on risk<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-79477809810308469012020-05-13T09:48:00.000-04:002020-06-26T15:59:46.734-04:00July SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
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<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 July SPX 2260/2250 Credit Put spread @0.80 credit each<br />
1 July SPX 3180/3190 Credit Call spread @0.90 credit<br />
<br />
Net Credit: $410<br />
Max Risk: $3,590<br />
64 days to Exp. <br />
<br />
<br />
<a name='more'></a><br />
Profit/Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-Ce46U7oxdsYNQIn28VbRoE2LKXDSnhVKME4G1I5lDmWxY7T1loJRouPh88wRdcYjmwoxBwyGnpGQUJpjRmQ2HQshkSbby6nP2OoDF41L9lL6OLl3hXU83j-4Kx-ks4J5Em3KJ3uuBd7/s1600/SPX-July-2020-Iron-Condor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="461" data-original-width="1290" height="228" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-Ce46U7oxdsYNQIn28VbRoE2LKXDSnhVKME4G1I5lDmWxY7T1loJRouPh88wRdcYjmwoxBwyGnpGQUJpjRmQ2HQshkSbby6nP2OoDF41L9lL6OLl3hXU83j-4Kx-ks4J5Em3KJ3uuBd7/s640/SPX-July-2020-Iron-Condor.PNG" width="640" /></a></div>
<br />
<br />
SPX Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrFrpcYzn7JXLcHu1A2GGuA0G87W1axo2AEYjbMKVgzF3m6A0AqZvSHIG_F1_BmzL7iW9NUxIXmho8Usn1iN_S_egIMQovIaLAXaowc37TYZ7CysSVGNkOnibTee5z5ODDlnQKxKnFDjfc/s1600/SPX-20200513-TA.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="868" data-original-width="1135" height="488" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrFrpcYzn7JXLcHu1A2GGuA0G87W1axo2AEYjbMKVgzF3m6A0AqZvSHIG_F1_BmzL7iW9NUxIXmho8Usn1iN_S_egIMQovIaLAXaowc37TYZ7CysSVGNkOnibTee5z5ODDlnQKxKnFDjfc/s640/SPX-20200513-TA.PNG" width="640" /></a></div>
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</div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Update - May 25, 2020</b><br />
<br />
Closed Call side at a loss<br />
<b>1 July SPX 3180/3190 Credit Call spread @2.45 debit</b><br />
a $155 loss<br />
<br />
Put side looking safe and still on <br />
<br />
<br />
<div dir="ltr" style="text-align: justify;" trbidi="on">
<hr />
</div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Update - June 26, 2020</b></div>
<br />
Closed Put side<br />
<b>4 July SPX 2260/2250 Credit Put spread @0.05 debit each</b><br />
a 0.75 profit per spread = $300<br />
<br />
Combining the $300 profit with the earlier loss on the Call side of $155, this is a Net Profitable trade that resulted in <b><span style="color: #38761d;">+$145</span></b><br />
On a $3,590 max risk, this represents a <b><span style="color: #38761d;">4%</span></b> return on risk.<br />
<br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-42542759766134159402020-04-22T10:42:00.002-04:002020-05-12T14:43:53.081-04:00June SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 June SPX 2160/2150 Credit Put spread @0.95 credit each<br />
1 June SPX 3180/3190 Credit Call spread @1.10 credit<br />
<br />
Net Credit: $490<br />
Max Risk: $3,150<br />
58 days to Exp. <br />
<br />
<br />
<a name='more'></a><br />
Profit/Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLbGelH9q42Vq9i_Dv6IOWG28ipBgc6RGOqVJTnQt4hBDQCVwOHw4yfWAMFn3rro_Fpp0T31yc6cjWns5wdJN1EFXMUHserPu6xvsGbedTYfDTBve4_0u5mfSq3Gx4DMBqpEhzDzls1y1G/s1600/SPX-Unbalanced-IronCondor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="448" data-original-width="1272" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLbGelH9q42Vq9i_Dv6IOWG28ipBgc6RGOqVJTnQt4hBDQCVwOHw4yfWAMFn3rro_Fpp0T31yc6cjWns5wdJN1EFXMUHserPu6xvsGbedTYfDTBve4_0u5mfSq3Gx4DMBqpEhzDzls1y1G/s640/SPX-Unbalanced-IronCondor.PNG" width="640" /></a></div>
<br />
<br />
SPX Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK0BWYgw4o7YsobpIUVGUspUrE-eHV0nvyy6RVdC_mIs4GUGrcbFJvg0HYt5L2LmMlhE5qrqSW0it-Ulh8ehnSEfB4_g3Kd-xaJdAoXbn2VAs2ey7rVTM4zGj5ivUx7mouw_gneeA0ariK/s1600/SPX-Chart-20200422.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="863" data-original-width="1286" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK0BWYgw4o7YsobpIUVGUspUrE-eHV0nvyy6RVdC_mIs4GUGrcbFJvg0HYt5L2LmMlhE5qrqSW0it-Ulh8ehnSEfB4_g3Kd-xaJdAoXbn2VAs2ey7rVTM4zGj5ivUx7mouw_gneeA0ariK/s640/SPX-Chart-20200422.PNG" width="640" /></a></div>
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<br />
<hr />
</div>
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<b>Trade Update - May 12, 2020</b><br />
<br />
Closed position entirely with still 37 days to expiration<br />
<br />
4 June SPX 2160/2150 Credit Put spread @0.20 debit each<br />
Original Credit 0.95<br />
Profit: 0.75 ($300 in 4 spreads) <br />
<br />
<br />
1 June SPX 3180/3190 Credit Call spread @0.55 debit<br />
Original Credit 1.10<br />
Profit 0.55 ($55 in 1 spread)<br />
<br />
Total profit <span style="color: #38761d;"><b>$355 </b></span><br />
On a max risk of $3,155 this return represents a <span style="color: #38761d;"><b>+11.3%</b></span> Return on Risk<br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-18929666636030456482020-04-20T15:34:00.003-04:002020-05-13T10:00:20.475-04:00June 2020 RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 June RUT 890/880 Credit Put spread @1.20 credit each<br />
2 June RUT 1460/1470 Credit Call spread @1.05 credit each<br />
<br />
2 June IWM 147 Long Calls @0.59 debit each<br />
1 June IWM 89 Long Put @1.70 debit each <br />
<br />
<a name='more'></a>Net Credit: $402<br />
Max Risk: $3,598<br />
<br />
Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9Sa4KmQbS3ZHYOQ_BzHA5_UWPZifgv_pAovAziSwUGqIQ8xh9nLNT7wm9yqzfamQhM9NPaXNW6D_iPkS3ZhHpahJqLnjJfVbCjm2tRbxyYbSwQkw1KbRoMAGKMq2oLEjkuCrXRRo_YIZS/s1600/RUT-Elephant-June.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="441" data-original-width="1107" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9Sa4KmQbS3ZHYOQ_BzHA5_UWPZifgv_pAovAziSwUGqIQ8xh9nLNT7wm9yqzfamQhM9NPaXNW6D_iPkS3ZhHpahJqLnjJfVbCjm2tRbxyYbSwQkw1KbRoMAGKMq2oLEjkuCrXRRo_YIZS/s640/RUT-Elephant-June.PNG" width="640" /></a></div>
<br />
<br />
RUT Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggQ5PtJYGgt-rM1x22WBW4CKle-h-qjZSWq5iDZa_lMZtX8lAr4eS4mbHvhDjXYCo27O3NFQ5hTPZ_7rGCyg4JU4BsWIjgJk_5Pqrxn8EFaCSMxS191r9HsCaQ66utOz_iaSWx-e8nqq_L/s1600/RUT-Chart-2020-04-20.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="868" data-original-width="1174" height="472" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggQ5PtJYGgt-rM1x22WBW4CKle-h-qjZSWq5iDZa_lMZtX8lAr4eS4mbHvhDjXYCo27O3NFQ5hTPZ_7rGCyg4JU4BsWIjgJk_5Pqrxn8EFaCSMxS191r9HsCaQ66utOz_iaSWx-e8nqq_L/s640/RUT-Chart-2020-04-20.PNG" width="640" /></a></div>
<br />
<br />
<hr />
<b>Trade Update - May 13, 2020</b><br />
<br />
Closed the whole thing:<br />
<br />
4 June RUT 890/880 Credit Put spread @0.20 debit each. 1.00 gain per spread x 4 = +$400<br />
2 June RUT 1460/1470 Credit Call spread @0.70 debit each. 0.35 gain per spread x 2 = +$70<br />
<br />
2 June IWM 147 Long Calls @0.31 credit each. 0.28 loss per contract x 2 = -$56<br />
1 June IWM 89 Long Put @0.27 credit. 1.43 loss per contract x 1 = -$143 <br />
<br />
Combining it all: +400 + 70 - 56 - 143 = <span style="color: #38761d;"><b>$271</b></span><br />
On a Max Risk of $3,598 this represents a <span style="color: #38761d;"><b>+7.5%</b></span> Return on Risk.<br />
<br />
Out of the position 5 weeks away from expiration.<br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-36312247977221146572020-03-15T14:58:00.000-04:002020-03-15T15:19:51.070-04:00Analyzing the Bear - thinking about long-term investments<div dir="ltr" style="text-align: left;" trbidi="on">
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One of the disadvantages I see in pure credit spreads trading is that the gains come to you almost like in slow motion. They also come in small sizes. The good old: many small winners (but larger losing trades).<br />
<br />
And I say it is a disadvantage because when the markets rally really hard, you are inevitably left behind with a sub par performance.<br />
<br />
It becomes even more challenging after a sudden down move. You suffer losses to the downside, the market does too, so no issue up to that point. But then if the market recovery is strong, you, as a credit spreads trader, just get your small wins, while the market gets to recover the losses much quicker.<br />
<br />
Based on this observation, and the fact that we are in bear territory, I will prioritize my long term investment activity over credit spreads trading in this environment.<br />
<br />
We were recently down 27% from the peak. I have been deploying some cash in long term investments but would like to add more. How low will the markets go is anyone's guess. But a look at bear markets since World War Two gives us some guidelines as to how bad things can get:<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinFpnezDRqNVteyW4MuetW_lAkGUb9w7aNNLc6thCkamr5uPV0S6vP3yhQssfCT7ZryLwGxza36rmNX3D9U0aiUc8RoCfiVg19VvqZbP9eErmSdQSGyRvQdAgEDH89HwnUBjDr8piSuFLR/s1600/bear+markets.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="349" data-original-width="768" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinFpnezDRqNVteyW4MuetW_lAkGUb9w7aNNLc6thCkamr5uPV0S6vP3yhQssfCT7ZryLwGxza36rmNX3D9U0aiUc8RoCfiVg19VvqZbP9eErmSdQSGyRvQdAgEDH89HwnUBjDr8piSuFLR/s1600/bear+markets.png" style="width: 98%;" /></a></div>
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<i>Source: https://www.greaterfool.ca/2020/03/14/anatomy-of-bear-markets/</i><br />
<br />
The Median bear is -31% from the peak and 15 months to reach a bottom.<br />
The worst case is -56.8% with two other cases close to -50% peak to trough.<br />
<br />
In terms of depth we touched -27% already. In terms of length, we are barely one month into this.<br />
It looks like we are headed to a recession, and I feel there is no rush to deploy capital tomorrow. It is not that I have much cash sitting idle at this point anyways. So, this will be a good time to accumulate as much cash as possible.<br />
<br />
If the S&P500 hits 2000, that is 41% down from the peak. I don't think you need to wait up to that point to start investing. In fact I already started nibbling. But that is a point where I would invest with confidence that the worst should be behind.<br />
<br />
Now, if the S&P reaches 1700, we are talking about practically a 50% fall from the peak and roughly an 11 Price to Earnings ratio for the market as a whole at that point. At that level of undervaluation, I would invest very aggressively for the long run. Even using more aggressive stuff like SSO (double leveraged SPX) and hold for 10 years. Of course the most aggressive the investment, the smaller the dollar amount to allocate to it.<br />
<br />
For option traders, I would also consider a long term Bull Risk Reversal, which is a combination of a Short Put that finances a long Call.<br />
<br />
Just to illustrate (not that you should do this right now), but just for illustration purposes:<br />
Using June 2021 options (to give ourselves some time for a sustained rebound), we can sell the SPY 200 strike Put for 13.97 (mid price) and Buy the SPY 310 Call at 11.07 debit (mid price again).<br />
<br />
As a result you obtain a credit to your account of 2.90 ($290 dollars for playing 1 Put and 1 Call) and you have a strong bullish exposure via the 310 Call option and the short 200 Put. If at expiration in June of 2021, the SPY is between those two numbers 200-310, then you just made $290 dollars. If the markets rally hard, you make a killing.<br />
<br />
Now, this play is not for everybody. It is very aggressive and I also assume the willingness to take SPY stock assignment if by expiration, the SPY is below 200 (equivalent of S&P500 below 2,000). Because of the 2.90 credit received, if the assignment at 200 happens, my real cost basis is 197.10 for 100 shares of SPY. If one is willing to hold SPY shares at 197.10 for the long run, as a long term investment, there should be no problem with this play.<br />
<br />
A 100 share assignment of SPY stock at $200 means $20,000 dollars of capital (half of that in a US margin account). Also, just to enter the options trade, the broker will freeze some margin capital in your account. As of now, ThinkOrSwim tells me that it would freeze $3,118.30 in buying power. Tastyworks is saying $3,109.31. So, definitely not for every body, but it is something that many (me included) can consider.<br />
<br />
A position like this one can become way more attractive at lower market prices. I pulled the above numbers after Friday March 13 close, when the S&P500 closed at 2,711.02. But just the day before, March 12 when the S&P closed at 2,480, it could have been the 185/290 June 2021 SPY Bull Risk reversal for 1.45 credit. A much lower assignment point (SPY 185) and also a much lower Call strike price of 290 not 310 (meaning market doesn't need to go as far up as before). Of course it can get even more attractive at lower market levels.<br />
<br />
You can also play a pure straight forward long Call option. I just don't like this alternative a lot right now because all options are too expensive due to the super high volatility. As the markets move up, the VIX would crash, eroding the value of your Call option in the process. Yes, it wins via directionality but loses some due to the reduction in volatility. That's why I like the addition of the sell of that overpriced Put.<br />
<br />
You can also consider long term investments in selected companies. These are some of my favorite American names in no particular order:<br />
MSFT, V, HON, AAPL, DIS, PG, JNJ, LMT, MA, NKE, O, PEP, SBUX, COST, JPM, TXN<br />
<br />
In Canada I like the telcos, Telus (T.TO) is my favorite. Banks too, TD is my favorite along with the Royal Bank RY.TO. Canada National Railway (CNR.TO) is one of my all time favorites. Add a couple of utilities, EMA, FTS. All those at the right price can offer nice returns and dividends in the long run.<br />
<br />
If you just happen to hate individual stock picking, you can go with the indexes directly. SPY, or VYM (which is the Vanguard High dividend yield ETF), etc.<br />
<br />
Picking the exact bottom is impossible. Also unnecessary. It doesn't need to be perfect, just long-term effective. Because we will never pick an exact bottom, there will be pain to endure. Those investments are very likely to show some losses for a while. So, you need to be mentally ready for it and not bail needlessly. Whatever strategy you choose, only apply it when you have the conviction, while also deploying a capital amount that you are not likely to need to touch to cover living expenses in many years. This will give you the necessary 'staying power'.<br />
<br />
We have interesting times ahead and perhaps a life-changing opportunity that will be cherished a decade or two from now.<br />
<br />
It is sad that people are dying because of COVID-19 and that many others are likely to lose their jobs as a result of a recession. If a recession finally happens and the vaccine is, as most experts say, months away at this point. But that's outside the control of us, mundane, small investors. We must be strategic and plan ahead with a cold head. Determine how we will protect our investments and how we can improve our financial situation for the future of our families. It is better to do so, in moments like this one: during a weekend, while emotions are not rolling and before the panic in the markets and the media cloud your judgement. <br />
<br />
Cheers,<br />
<b>LT</b><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-59186001196904530042020-02-25T11:53:00.002-05:002020-04-18T12:58:29.925-04:00April SPX Credit Put spread<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
As per the rules, it is a short term oversold environment:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMzso-dn9JD1IvnSgsJh0JhngeqA_gU-P1aWI_fu2s9DxMXdzL88Yhhek-p-uXyCAxUecVAWdnnTqZycgO4_RpjL15nj9jQW8xe6La4e9MkLHHTf4FMDpvsV8HbYgSbk8LN7LmCdhm4yx2/s1600/RUT-Sell-off.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="872" data-original-width="1261" height="442" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMzso-dn9JD1IvnSgsJh0JhngeqA_gU-P1aWI_fu2s9DxMXdzL88Yhhek-p-uXyCAxUecVAWdnnTqZycgO4_RpjL15nj9jQW8xe6La4e9MkLHHTf4FMDpvsV8HbYgSbk8LN7LmCdhm4yx2/s640/RUT-Sell-off.PNG" width="640" /></a></div>
<br />
<br />
<b>Trade Details:</b><br />
<br />
4 April 2770/2780 Credit Put spread @0.65 credit<br />
<br />
Total credit: $260<br />
Max Risk: $3,740<br />
Days to expiration: 52<br />
<br />
<br />
------------------------------------------------------------------------------------------------------------------<br />
<b>TRADE UPDATE - March 9, 2020</b><br />
<br />
Adjusted the Credit Put spread downwards<br />
<b>Closed 4 April 2770/2780 Credit Put spread @3.10 debit</b><br />
<br />
The Loss is 2.45 per = $980<br />
<br />
Opened new Credit Put spread <br />
<b>4 April 2250/2240 Credit Put spread @0.85 credit</b><br />
Total credit $360 <br />
<br />
<br />
------------------------------------------------------------------------------------------------------------------<br />
<b>TRADE UPDATE - April 17, 2020</b><br />
<br />
<b><b>4 April 2250/2240 Credit Put spread expires</b></b><br />
Profit $360<br />
<br />
Combining the earlier loss of $980 with this win of $360 we have a net<b><b> <span style="color: red;">-$620</span> </b> </b><br />
This represents a <b><span style="color: red;">-16.6%</span> </b>return on Risk<b> </b><br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-42879316949896437872020-02-09T16:42:00.001-05:002020-02-09T16:42:29.397-05:00Enhanced Investing - January 2020 Results<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div class="entry-content">
The first month of the year was a relatively quiet one for the
Enhanced Investing account, with only 8 closing transactions. Far from
the 16-17 average. We closed the month with a profit after commissions
of <b>$229.68</b>. As a reminder, this is on a $25,000 account at Tastyworks, with 2:1 margin. Below are the details per position: <br />
<br />
<img alt="" class="wp-image-741" src="https://enhanced-investing.com/wp-content/uploads/2020/02/Jan-2020-results.png" style="width: 98%;" /><br />
Eight short Puts closed and one Covered Call. That was all. The
total realized gain represents a +0.9% growth for the account. Yeah, not
a whole lot. This represents an annualized 11% return. </div>
<div class="entry-content">
We keep riding a WBA stock position, assigned during 2019, and now it
is also likely that we will be assigned XOM shares during the month of
February. It’s ok. I think it is a very undervalued name. After the
assignment, if it finally happens, I’ll start to sell Covered Calls on
those shares. We’ll see how the month unfolds! Thanks for reading.</div>
<div class="entry-content">
<br />
<hr />
<div class="has-background has-very-light-gray-background-color">
<i> If you enjoyed this content, consider acquiring the <a href="https://enhanced-investing.com/membership-account/membership-levels/">Enhanced Investing Course</a>.
Where you will learn to properly value companies and adopt strategies
that truly minimize your risks while increasing your probabilities of
making money. <a href="https://enhanced-investing.com/">Read more details</a>.</i></div>
</div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-61455173249915050102020-02-06T13:37:00.002-05:002020-04-22T09:12:34.797-04:00March 2020 RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 March RUT 1530/1520 Credit Put spread @0.60 credit each<br />
2 March RUT 1765/1775 Credit Call spread @1.00 credit each<br />
<br />
3 March IWM 177 Long Calls @0.31 debit each<br />
<br />
<a name='more'></a>Net Credit: $347<br />
Max Risk: $3,653<br />
<br />
Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiz9n-1VyUBRYOrpGD-caK8JgtOdLvXW-W6d1M7oM67NHIlEqgdGhYSo4og7KUlHYe_P4A55fpS5TeNT3poJka99vGpT-9hkRh5AT_vehJcQrRssUzla-e_fSQFKFJALPvwdghAlokKY2C/s1600/March-RUT-Elephant-Risk-Profile.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="472" data-original-width="1179" height="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiz9n-1VyUBRYOrpGD-caK8JgtOdLvXW-W6d1M7oM67NHIlEqgdGhYSo4og7KUlHYe_P4A55fpS5TeNT3poJka99vGpT-9hkRh5AT_vehJcQrRssUzla-e_fSQFKFJALPvwdghAlokKY2C/s640/March-RUT-Elephant-Risk-Profile.PNG" width="640" /></a></div>
<br />
<br />
RUT Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis-5L-n3TsLI65qaUZ3KJ0ICvjfksslm7pG58VJyGpQkA2CjjQKRccsQ5zUmkIMXU4Dc0M8SDjzwKw5B4h7dl06uNavpoOsEJCUHdGjl_-INkWpcJvJtE1OSSsiqTe22A2auMdVyxQ_Edz/s1600/Chart-RUT-20200206.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="871" data-original-width="1170" height="476" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis-5L-n3TsLI65qaUZ3KJ0ICvjfksslm7pG58VJyGpQkA2CjjQKRccsQ5zUmkIMXU4Dc0M8SDjzwKw5B4h7dl06uNavpoOsEJCUHdGjl_-INkWpcJvJtE1OSSsiqTe22A2auMdVyxQ_Edz/s640/Chart-RUT-20200206.PNG" width="640" /></a></div>
<br />
<br />
<hr />
<b>Trade Update - February 25, 2020</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj04crR3G8_45_hIkRxj1l6peP6cDkdQf0KUW5XINkc0dj9UyeDbkHctw8IYclQQsV94m0pe9SsVFyOh7mP4J42084r5OAevnHL7Vt1gz84fhNA2dl8FRmuiJuGUI6uh4i4LAwWt2R8oVPy/s1600/RUT-Sell-off.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="872" data-original-width="1261" height="442" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj04crR3G8_45_hIkRxj1l6peP6cDkdQf0KUW5XINkc0dj9UyeDbkHctw8IYclQQsV94m0pe9SsVFyOh7mP4J42084r5OAevnHL7Vt1gz84fhNA2dl8FRmuiJuGUI6uh4i4LAwWt2R8oVPy/s640/RUT-Sell-off.PNG" width="640" /></a></div>
<br />
<br />
Closed Put side<br />
<b>4 March RUT 1530/1520 Credit Put spread @2.20 debit each</b><br />
<br />
Original credit was 0.60<br />
Loss is 1.60 per ($640 in 4 spreads)<br />
<br />
<br />
Opened new Credit Put spread<br />
<b>4 March RUT 1415/1425 Credit Put spread @0.65 credit.</b><br />
<br />
<br />
We now have a 1415/1425/1765/1765 RUT position, and still the long IWM Calls<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguev-1ye3celzRLnf1xwSD1XMWpHr2W1zcWW9TN0Hrl51Zw8n8s8RZGtQeUBbod3vApOVhyOd7RsniVkytQgwuOOojT20sy5IpcbYBcgPWxollXEgv9tN8cMvNLIOCI1AqFYfGCKPVrne1/s1600/RUT-Adjusted-Elephant.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="471" data-original-width="1317" height="228" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguev-1ye3celzRLnf1xwSD1XMWpHr2W1zcWW9TN0Hrl51Zw8n8s8RZGtQeUBbod3vApOVhyOd7RsniVkytQgwuOOojT20sy5IpcbYBcgPWxollXEgv9tN8cMvNLIOCI1AqFYfGCKPVrne1/s640/RUT-Adjusted-Elephant.PNG" width="640" /></a></div>
<br />
<br />
<br />
<hr />
<b>Trade Update - March 6, 2020</b><br />
<br />
<br />
I've had very little time to update the positions in a timely matter lately. Work keeps getting in the way at the office more than ever.<br />
<br />
With RUT around 1475, I closed the Put side for a second time in this position:<br />
Closed Put side<br />
<b>4 March RUT 1425/1415 Credit Put spread @2.40 debit each</b><br />
<br />
Original credit was 0.65<br />
Loss is 1.75 per ($700 in 4 spreads)<br />
<br />
I decided to go out to April to deploy at a greater distance<br />
Opened new Credit Put spread<br />
<b>4 April RUT 1140/1130 Credit Put spread @0.70 credit.</b><br />
<br />
We now have a 1140/1130 April Credit Put spread<br />
1765/1765 March Credit Call spread<br />
and still the long IWM Calls<br />
<br />
<br />
<br />
<br />
<hr />
<b>Trade Update - March 13, 2020</b><br />
<br />
Closed <b>4 April RUT 1140/1130 Credit Put spread @2.30 debit.</b><br />
Loss is 1.60 per, or $640<br />
<br />
I'm not deploying any more Put spreads at the moment. Market seems too shaky.<br />
We'll see on Monday<br />
<br />
<br />
<hr />
<b>Trade Update - March 19, 2020</b><br />
<br />
Sold <b>4 April RUT 750/740 Credit Put spread @1.60 credit.</b><br />
Net credit $640<br />
<br />
We now have a 750/740 April Credit Put spread<br />
1765/1765 March Credit Call spread<br />
and still the long IWM Calls<br />
<br />
Total credit $709<br />
<br />
<br />
<br />
<hr />
<b>Trade Update - April 18, 2020</b><br />
<br />
<b> The position expires</b><br />
<br />
750/740 April Credit Put spread + 1765/1765 March Credit Call spread<br />
Profit: $709<br />
<br />
Combining this profit with earlier losses of 700 and 640 we have a final net loss of<br />
-700 - 640 + 709 = <span style="color: red;"><b>$631</b></span><br />
<br />
On an initial Max Risk of $3,653 this represents a<span style="color: red;"><b> -17.2%</b></span> Return on Risk<br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a><br />
<br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-26295145171918817902020-01-24T14:02:00.002-05:002020-02-19T13:24:22.862-05:00March 2020 SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
3 March SPX 2985/2975 Credit Put spread @0.70 credit each<br />
1 March SPX 3450/3460 Credit Call spread @1.20 credit<br />
<br />
I went with a 3x1 ratio instead of the usual 4x1. Totally at my discretion. I feel it is not the right time to be overly exposed on the downside.<br />
<br />
Net Credit: $330<br />
Max Risk: $2,670<br />
56 days to Exp. <br />
<br />
<br />
<a name='more'></a><br />
Profit/Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNYPa7Eg_GmiwH4pZsUEjCtOKFstVHX6BpcbqH88eM7B1M_YhJdbKxkqDDUo7hdshZOfT60q2NIfe_rk6jUDcki9JJvL9SEw2YFqbx_AxHmW5Y936Cr9-ksShTBJ2kwAsjtEAFXDlKNhfU/s1600/SPX-Mar-Unbalanced-Iron-Condor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="441" data-original-width="1109" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNYPa7Eg_GmiwH4pZsUEjCtOKFstVHX6BpcbqH88eM7B1M_YhJdbKxkqDDUo7hdshZOfT60q2NIfe_rk6jUDcki9JJvL9SEw2YFqbx_AxHmW5Y936Cr9-ksShTBJ2kwAsjtEAFXDlKNhfU/s1600/SPX-Mar-Unbalanced-Iron-Condor.PNG" style="width: 98%;" /></a></div>
<br />
<br />
<br />
SPX Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit54ViG0X9JwDtopNFwFSPSpvumXW5uK_iZRWgV4ImN4g6c39506WaG3BX7NrmJ5Tm0SR8iAJxtDOyHGbIeCMZhbPF_Ta3dJi0dn97L4CS1FL29_xuZB02XnUegvbHEVvxAjk3IZ-EPrWs/s1600/SPX-Chart-20200124.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="843" data-original-width="1098" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit54ViG0X9JwDtopNFwFSPSpvumXW5uK_iZRWgV4ImN4g6c39506WaG3BX7NrmJ5Tm0SR8iAJxtDOyHGbIeCMZhbPF_Ta3dJi0dn97L4CS1FL29_xuZB02XnUegvbHEVvxAjk3IZ-EPrWs/s1600/SPX-Chart-20200124.PNG" style="width: 98%;" /></a></div>
<br />
<br />
<hr />
</div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Update - February 11, 2020</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvqYdUQhl2Zr9zW0SXwT7KACAnUoMKLCrauFLoGc7QlezGOrimc39j5VYsx41Ye5-oGG5nfFV6rC_pmFyNy3eNE2_Fvuw4g9YR4oaUW7eSd-UOUbdqEgEndmXSYaVNP3qONGJQJMWyIodK/s1600/SPX-Rally-Feb.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="862" data-original-width="1347" height="408" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvqYdUQhl2Zr9zW0SXwT7KACAnUoMKLCrauFLoGc7QlezGOrimc39j5VYsx41Ye5-oGG5nfFV6rC_pmFyNy3eNE2_Fvuw4g9YR4oaUW7eSd-UOUbdqEgEndmXSYaVNP3qONGJQJMWyIodK/s640/SPX-Rally-Feb.PNG" width="640" /></a></div>
<br />
Closed Call side:<br />
<b>1 March SPX 3450/3460 Credit Call spread @2.60 debit</b><br />
<br />
Original credit: 1.20<br />
Net loss: $140<br />
<br />
<br />
The Put side 2985/2975 (credit of $210) will remain.<br />
<br />
<br />
<hr />
<b>Trade Update - February 19, 2020 </b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjH_y785UF3YE7CCS4ctRDajv6XkgMZAQncQ52Pb4UXnw4iG1iP0Xxf-V5aHN7YTTTHZ9fVe4D6R7qT2C22VSMuZ7jorbG6HmYXike9AFWDga2Yr6Jba-9sY3omu4Pkdv9JJ1dYkKw3BZLP/s1600/SPX-Most-profit-done.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="577" data-original-width="1285" height="286" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjH_y785UF3YE7CCS4ctRDajv6XkgMZAQncQ52Pb4UXnw4iG1iP0Xxf-V5aHN7YTTTHZ9fVe4D6R7qT2C22VSMuZ7jorbG6HmYXike9AFWDga2Yr6Jba-9sY3omu4Pkdv9JJ1dYkKw3BZLP/s640/SPX-Most-profit-done.PNG" width="640" /></a></div>
<br />
Closed the Put side:<br />
3 March SPX 2985/2975 Credit Put spread @0.15 debit each<br />
<br />
Original credit: 0.70<br />
Net gain: 0.55 x 3 = $165<br />
<br />
Combining this profit with the earlier loss on the Call side we have a net <b><span style="color: #38761d;">+$25</span></b> winner (165 - 140)<br />
Tiny winner, basically a scratch.<br />
<br />
On a max risk of $2,670 this represents a <span style="color: #38761d;"><b>+0.9%</b></span> Return on Risk.<br />
<br />
The entire position is now closed.<br />
<br />
There were only 0.15 more to make in this position. $45 for 3 Credit Put spreads. With 29 days to expiration this means about $1.55 per day. However, I can now deploy an April position 8 weeks out, collecting about $350 which represents more than $6/day of potential profits. So, at this point it was better to close the March position and move on.<br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out Track Record</a></div>
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-87024320215913610742020-01-13T09:00:00.002-05:002020-01-13T09:02:41.324-05:00Long term investing in 2019 - Canadian Portfolio<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
Back to the TFSA Account I have in Canada (American Roth Equivalent).<br />
This is an interesting account to me because, since I'm no longer a Canadian Resident, I can't inject any more fresh cash to this account. So, whatever it grows is from pure stocks appreciation, dividends and of course dividends reinvestments.<br />
<br />
<b>2019 was a good year. </b><br />
I failed to beat the TSX index for the first time, but the market was nicely up, so I don't really care.<br />
<a name='more'></a><br />
<b>2019 Starting Balance:</b> $33,121.27 <br />
<b>2019 Ending Balance:</b> $40,028.26<br />
<br />
<b>Performance:</b> <span style="color: #38761d;"><b>+20.8%</b></span><br />
<br />
The XIU Etf was, by comparison, up 21.8% for the year. I don't complain. It was a good year anyways.<br />
<br />
Here's the portfolio at the end of the year (2019)<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7yRDE5TDMTLSuimuAEoCc81VhHiCZWs0xmc2_bGhyCKN7Kd_7X4pXb3HsGZzuwVt1vXBBLw7TLbDJbCQJjTlnleUs5ilAiu8CDZyhIKcoq1MkLG0JK8ZniHz2HTe3AepAn0RYYXdEpSP5/s1600/TFSA-Canada-2019.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="430" data-original-width="755" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7yRDE5TDMTLSuimuAEoCc81VhHiCZWs0xmc2_bGhyCKN7Kd_7X4pXb3HsGZzuwVt1vXBBLw7TLbDJbCQJjTlnleUs5ilAiu8CDZyhIKcoq1MkLG0JK8ZniHz2HTe3AepAn0RYYXdEpSP5/s1600/TFSA-Canada-2019.PNG" style="width: 90%;" /></a></div>
<br />
<br />
<b>Dividends collected throughout 2019: $1,596.85</b><br />
This is up 15.3% from the $1,384.52 collected in 2018 <br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie0VaV3O5Och_AKlWjs7x4vs9vhDqdjj2vtX0N4468F61vK9_MrvpmUeKn3qr-ngzg01DXf0hL5K3X0lx6x37HJRA3cHgqbRDS5cMegHBB5_QUyrClhMOgPGH07T506Vb9a7NR6vVHBxLm/s1600/Dividends-TFSA-2019.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="336" data-original-width="1046" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie0VaV3O5Och_AKlWjs7x4vs9vhDqdjj2vtX0N4468F61vK9_MrvpmUeKn3qr-ngzg01DXf0hL5K3X0lx6x37HJRA3cHgqbRDS5cMegHBB5_QUyrClhMOgPGH07T506Vb9a7NR6vVHBxLm/s1600/Dividends-TFSA-2019.PNG" style="width: 95%;" /></a></div>
<br />
<br />
<b>Changes in the Portfolio:</b><br />
<br />
- Added to Enbridge (ENB.TO)<br />
<br />
- Added to Telus (T.TO)<br />
<br />
- Added to Suncor (SU.TO)<br />
<br />
<br />
<b>Going Forward:</b><br />
<br />
I am fine holding all of the 11 names currently in the portfolio. This has become a very low maintenance account. Which I like. In
2020 I'll just add to existing positions, but it will depend on their valuations once I reach $500 in cash from dividends. So, I should make 3 purchases during the year.<br />
Thanks for reading!<br />
LT<br />
<br />
<b>Related Articles</b><br />
<a href="https://www.the-lazy-trader.com/2019/01/investing-2018-results.html" target="_blank">Investing - 2018 Results</a><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-59820541024606533402020-01-06T16:05:00.000-05:002020-01-06T16:13:38.588-05:00Options Trading Results - 2019<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
This is about my Credit Spreads/Iron Condors/Elephants trading activity. I also do Covered Call writing and Cash Secured Puts but that's separate, and I call it <a href="https://enhanced-investing.com/" target="_blank">Enhanced Investing</a>.<br />
<br />
Here's the summary for 2019<br />
<br />
<a name='more'></a><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLPLtqAwKKiRqSNpRMKGT2kvTkzJX5YmLmcAOG7bzOr9acEA5uB8kSX9eNoB-pMbVYPeaBsoSG7FnDxm6qasZloUkJVPkFSlEzLsnwr84pLy7XaVPaIRoOqNpGw7C6Mhop3M312Gg0GSmq/s1600/Options-Trading-Results-2019.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="573" data-original-width="444" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLPLtqAwKKiRqSNpRMKGT2kvTkzJX5YmLmcAOG7bzOr9acEA5uB8kSX9eNoB-pMbVYPeaBsoSG7FnDxm6qasZloUkJVPkFSlEzLsnwr84pLy7XaVPaIRoOqNpGw7C6Mhop3M312Gg0GSmq/s1600/Options-Trading-Results-2019.PNG" style="width: 50%;" /></a></div>
<br />
Twenty positions were closed during 2019, 17 of them were winners and only 3 losers. The losing trades were well under control.<br />
<br />
I've got to say it was an easy year to navigate. IF (big IF), if you know how to deal with delta-"neutralish" index options trading during low volatility environments and a persistent bull market rally.<br />
<br />
If you traded the typical Iron Condor, with the same risk on both ends, yeah, you got killed. Trading this type of environment requires the following, in my experience at least:<br />
<br />
- Trading Unnbalanced Iron Condors, with much less weight on the Call side.<br />
<br />
- Trading Elephants, where when the Call side loses, we close it and the credit collected on the Put side is more than enough to make it an overall profitable trade.<br />
<br />
- Forgetting about "adjustments" when the Call side is threatened. Just taking the loss and moving on, since there is no good/efficient defense on the Call side.<br />
<br />
All three aspects were crucial to be profitable as an Index neutral(ish) trader in 2019.<br />
<br />
<div>
Now, whether +2K is worth it or not for you. It depends on the way you see it.</div>
<div>
I do this trading in an account where I do a lot more than this. But if I had to declare a "size" to this Credit Spreads trading portfolio, let's say it was 10K. Well, it is a %22.07% return. But
what I liked most about it is that I barely had to sweat it.
No headaches and very low maintenance. I barely had to do anything with
most positions. So, it was low stress all year. Most days not even
having to look at the positions at all.</div>
</div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
<br />
When I started active trading options back in 2010 (Credit spreads and Condors) I thought that was all I needed. It took a while to realize it was a very tough game. It didn't help that we've been in a persistent bull market for a decade. With incredible, persistent rallies, and volatility just crushed for good chunks of time. When "normality" will return, is anyone's guess. By normality I mean the long term average value of the VIX around 20. We've been so far from that for so many years.<br />
<br />
The game of trading Credit spreads and Iron Condors is much more effective at VIX 17 - 20. It's like day and night: nice juicy premiums, far far away from the money. And those VIX values, if sustained for months, mean that the market is neither rallying nor crashing, but most likely trading within a range. That's when Iron Condors and Elephants will kill it. But when will that happen again? Well, with such an accommodating Federal Reserved, and a President that is so influential on the markets, and on Fed policies too apparently, it seems unlikely at the moment.<br />
<br />
So, in the mean time (now), we have to be extremely careful with the Call sides.<br />
Low volatility. Premiums suck. Call side too close to At the MONEY. Adjustments on the Call side, when necessary, are less than ideal ,just super close to ATM and without offering nice credits.<br />
<br />
Therefore, my 2020 approach when it comes to Credit Spreads trading will be the same. Laid back, no Call side adjustments, less exposure. It is an election year, so, we may have some nice volatility along the way, but that remains to be seen.<br />
<br />
Cheers,<br />
<b>LT</b><br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-15936028305950486742020-01-06T14:48:00.004-05:002020-02-05T10:42:16.428-05:00February 2020 RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 Feb RUT 1520/1510 Credit Put spread @0.65 credit each<br />
2 Feb RUT 1750/1760 Credit Call spread @1.05 credit each<br />
<br />
4 Feb IWM 176 Long Calls @0.20 debit each<br />
<br />
<a name='more'></a>Net Credit: $390<br />
Max Risk: $3,610<br />
<br />
Risk Profile<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY1Mc8qe1V5atyBHjsLqIjjEKAMSM9dhETzto7-ufKNIfK-Obmvec8tc9VxpSVCk7fbPmSbehuPlSAqj9MJ1VU6ntNFFoiPCiqF7vR3a_qxdMJTjf20u9Hmd-UUEPDTt7Wb1syZuUkcv0s/s1600/RUT-February-2020-Elephant.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="503" data-original-width="1109" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY1Mc8qe1V5atyBHjsLqIjjEKAMSM9dhETzto7-ufKNIfK-Obmvec8tc9VxpSVCk7fbPmSbehuPlSAqj9MJ1VU6ntNFFoiPCiqF7vR3a_qxdMJTjf20u9Hmd-UUEPDTt7Wb1syZuUkcv0s/s640/RUT-February-2020-Elephant.PNG" width="640" /></a></div>
<br />
RUT Chart for future reference:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcNzZf38tFBlNWl7EGO8kyiQyDcHSnRhikgo7u9ylTXCVarZDPJhpk_WO0n-KT3sEMs0ROmX_jr24O4bsTFzuzVHzNwM7N-DxU0YhULHbA_XJnnDgMr9w80KwAy7LkB9INJO2jL0k5AaSz/s1600/RUT-20200106.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="869" data-original-width="1088" height="510" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcNzZf38tFBlNWl7EGO8kyiQyDcHSnRhikgo7u9ylTXCVarZDPJhpk_WO0n-KT3sEMs0ROmX_jr24O4bsTFzuzVHzNwM7N-DxU0YhULHbA_XJnnDgMr9w80KwAy7LkB9INJO2jL0k5AaSz/s640/RUT-20200106.PNG" width="640" /></a></div>
<br />
<br />
<hr />
<b>Trade Update - February 5, 2020</b><br />
<b><br /></b>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhL-OzrOCDcxFjbyNY8DtaPDblUSVoaROEnLNz1Lu2zL8q4U8pC1o44cdvyEVRbAAduZVNxZc_EUgYkLV27LiUyZDqugQncwBHUUXT0IN-ilyr5yM7rs-VKaFCgfSBUvGGcnd9dUoxefus/s1600/RUT-Done.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="525" data-original-width="1213" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhL-OzrOCDcxFjbyNY8DtaPDblUSVoaROEnLNz1Lu2zL8q4U8pC1o44cdvyEVRbAAduZVNxZc_EUgYkLV27LiUyZDqugQncwBHUUXT0IN-ilyr5yM7rs-VKaFCgfSBUvGGcnd9dUoxefus/s640/RUT-Done.PNG" width="640" /></a></div>
<b><br /></b>
<b><br /></b>
<b>Closed the whole thing</b><br />
<br />
<b>4 Feb RUT 1520/1510 Credit Put spread @0.15 debit each</b><br />
Original credit received was 0.65 per. Net gain 0.50 = $200 for 4 verticals<br />
<br />
<b>2 Feb RUT 1750/1760 Credit Call spread @0.20 debit each</b><br />
Original credit received was 1.05 per. Net gain 0.85 = $170 for 2 verticals<br />
<br />
4 Feb IWM 176 Long Calls @0.05 credit each<br />
Original debit paid was 0.20 per. Net loss 0.15 = -$60 in 4 contracts<br />
<br />
Combining it all +200 + 170 - 60 = <span style="color: #38761d;"><b>+$310</b></span> <br />
<br />
On an initial Max Risk of $3,610, this repreents an <span style="color: #38761d;"><b>8.6%</b></span> Return on Risk <br />
<br />
<br />
<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out 2020 Track Record</a><br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-81778852590503303622020-01-05T13:24:00.000-05:002020-01-05T14:12:52.407-05:00Leveraged ETFs Portfolio - 2019 Results<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
This is my small account inspired by the <a href="http://www.the-lazy-trader.com/2017/12/volatility-and-leveraged-instruments-to-beat-the-markets-part-4.html" target="_blank">Volatility and Leveraged Instruments to Lazily beat the Markets</a> series.<br />
<br />
I'm happy to report it is not such a small account anymore. 2019 was a great year for the Leveraged Portfolio. But like they say, an image is worth a thousand words. Here's a snapshot of the Track record page after market close on December 31:<br />
<br />
<a name='more'></a><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5RFVDWdnVrzjVB2DapyH-0Mz_azEVvuidPz2A0ZXfcd1xpR7NKFNMHQ5he8kBd3MUtMPBHJ1RCRWexB_BHBAD8dRxR1aFpJsbISTv-3UQ10xT1JoIZVXwpcBYk30DGMAn6QOlgOfnzqlt/s1600/Leveraged-Portfolio-2019-Performance.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="494" data-original-width="796" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5RFVDWdnVrzjVB2DapyH-0Mz_azEVvuidPz2A0ZXfcd1xpR7NKFNMHQ5he8kBd3MUtMPBHJ1RCRWexB_BHBAD8dRxR1aFpJsbISTv-3UQ10xT1JoIZVXwpcBYk30DGMAn6QOlgOfnzqlt/s1600/Leveraged-Portfolio-2019-Performance.PNG" style="width: 90%;" /></a></div>
<br />
Up 49.3% for the year, easily crushing the S&P500 this time around.<br />
All the components were positive: UPRO +101.3%, ZIV +19%, TMF +33.4%.<br />
<br />
I'm glad I decided to stick to this approach for the long run despite the <a href="http://www.the-lazy-trader.com/2019/01/leveraged-investing-2018-results.html" target="_blank">bad results in 2018</a>.<br />
<br />
Speaking of 2018, it was a special year because it included the type of environment that had not been covered by my back-test analysis up to that point: an Increasing Interest Rates environment. Some of you may remember that everything was down in 2018. ZIV was down, UPRO was down because equities were negative overall. Bonds also went down! It was a nightmare. I failed to understand that during periods of interest rates increases, long-term bonds suffer, however, short term bonds suffer much less, and their presence in the portfolio helps soften the blow. A combination of long term and short term bonds makes the portfolio a little more immune to interest rates policies, as I learned later while reading <a href="http://www.the-lazy-trader.com/2019/03/passive-investing-on-steroids.html" target="_blank">Passive Investing on Steroids</a> by Daniel Fernandez.<br />
<br />
2019 happened to be that type of environment again where the Fed was more accommodating and kept lowering interest rates. But going forward, I'll prefer to isolate the portfolio from this type of concern so, a few changes have been introduced for 2020:<br />
<br />
After the new fresh capital addition of $5,000 I changed the portfolio from<br />
<br />
<b> 30% UPRO, 30% ZIV, 40% TMF</b><br />
<br />
to<br />
<br />
<b>50% UPRO, 25% TMF, 25% TYD</b><br />
<br />
So, I removed the short volatility component (ZIV) and introduced short term bonds. ZIV was highly correlated to UPRO anyways, and would go in tandem with UPRO almost all the time.<br />
<br />
Yes, I increased UPRO from 30% allocation to 50%, but the portfolio is less risky! Why? Well, because, before this change, the "growth" component of the portfolio was 60% (UPRO 30%, ZIV 30%). By increasing UPRO to 50%, but removing ZIV altogether, the "growth" component of the portfolio has been reduced from 60% down to 50%. The hedging component of the portfolio (formerly TMF 40%) has been increased to 50% allocation by reducing TMF to 25% and introducing TYD at 25%.<br />
<br />
My back-tests show a 23.4% avg annual return using this new combination, going back to the 2008 financial crisis and a max draw-down of 42%, slightly better than the 50%+ of the previous portfolio. The standard deviation of the returns is also smaller, suggesting a smoother ride. So, I'm giving up about 1% of the annual return, in exchange for less volatility in the portfolio and fewer concerns.<br />
<br />
For those scared of 3x leverage, the 2x approach would be: SSO (50%), UBT (25%), UST (25%) with average annual returns around 16%, but obviously smaller draw-downs and less volatility overall.<br />
<br />
We'll see what 2020 brings with the elections and all. It will be an interesting year, but regardless, this is a long-term thing, so I expect to keep holding it for many years to come.<br />
<br />
Cheers,<br />
<b>LT</b><br />
<br />
<br />
Results of the Leveraged ETFs portfolio are tracked live <a href="http://www.the-lazy-trader.com/p/leveraged-portfolio-results.html" target="_blank">here</a>.<br />
<br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-19678726169184193412020-01-03T09:33:00.001-05:002020-01-03T09:39:13.133-05:00Trend Sniper system performance and a decision<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
Well, Happy New Year!<br />
<br />
It's now time to analyze the numbers for all the investing/trading approaches that I use and today the focus will be spot Forex Automated Trading.<br />
<br />
The LT Trend Sniper is the Forex system I implemented back in 2012, which I have been trading with real money since 2013.<br />
<br />
In 2019 the performance was, let's say below my expectations, even though things were going relatively well for a good chunk of the year. Below is a trade by trade break-down:<br />
<a name='more'></a><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglX5LQJVRVTsWhoFlfkjk25bJ2Vplak2nSke_DJs4ii5q9s0Y-L_PpqEA-HAsVPpn08yrzE5NMZ8fbDGqlOczKI1VeKp4Gmj0ACKGPEkRglfc5mCwndiRNf7cYkokqj401Gf0VEXnDHhSz/s1600/Sniper-2019.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="573" data-original-width="935" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglX5LQJVRVTsWhoFlfkjk25bJ2Vplak2nSke_DJs4ii5q9s0Y-L_PpqEA-HAsVPpn08yrzE5NMZ8fbDGqlOczKI1VeKp4Gmj0ACKGPEkRglfc5mCwndiRNf7cYkokqj401Gf0VEXnDHhSz/s1600/Sniper-2019.PNG" style="width: 98%;" /></a></div>
<br />
In 2019, EURUSD trading was the big disappointment with only 3 losing trades and two break-even trades. No winners.<br />
<br />
Gold trading on the other hand was pretty decent and at one point up 12.42% for the year.<br />
<br />
Combining both instruments the Fx portfolio was up <span style="color: #38761d;"><b>+2.59%</b></span> for the year. This is a little worse than the <a href="https://portal.barclayhedge.com/cgi-bin/indices/displayCtaIndex.cgi?indexCat=Barclay-CTA-Indices&indexName=Currency-Traders-Index" rel="nofollow" target="_blank">Barclay's Currency Traders Index benchmark</a> at 2.98% for 2019. It is the first time in 7 years that the <b>LT Trend Sniper</b> system under-performs the benchmark.<br />
<br />
These are the yearly returns for the last seven years of the <b>LT Trend Sniper </b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9j1Y6VSciO7QF8nN4tfPaSXVuoOZ5WjkLBLMio4qMlyyFdklka_NBeT73_Wk8LfjxOF7CmJzDaNG5Ckc6cKs5dReYXnmISUPF3dOSIS36-DZAtHKehuhseZVe89rWNnqVOkKFg9AH9f2/s1600/Sniper-vs-benchmark.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="195" data-original-width="398" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia9j1Y6VSciO7QF8nN4tfPaSXVuoOZ5WjkLBLMio4qMlyyFdklka_NBeT73_Wk8LfjxOF7CmJzDaNG5Ckc6cKs5dReYXnmISUPF3dOSIS36-DZAtHKehuhseZVe89rWNnqVOkKFg9AH9f2/s1600/Sniper-vs-benchmark.PNG" /></a></b></div>
<br /></div>
<div dir="ltr" style="text-align: justify;" trbidi="on">
These are not terribly bad numbers. They represent a +10.51% Average Annual Return. By comparison, the benchmark's Average Annual Return has been +2.53%, a testament to how tough the Forex arena has been in recent years. The Trend Sniper system has easily outperformed the benchmark. And this, with draw-downs throughout all this period that have never exceeded -15%. So, I'd say it has been a rather smooth ride and a successful project. <br />
<br />
With that being said, I've decided to stop my FX Investments efforts. As it turns out, American Residents are not allowed to trade spot Gold. I have been able to do it all this time through OANDA Canada as a Canadian citizen and former Canadian resident, but they recently forced a series of personal info updates, and well, I am not allowed to trade with them anymore. The account is now closed and on the other hand US Fx Brokers won't allow spot and leveraged Gold trading to Americans. So, I've made the decision to move on and focus my energy in other areas going forward (namely Long term Dividend Investing and Leveraged ETF Portfolios). It will be one less account to worry about, one less broker, etc. So, I'll be simplifying my life a little bit.<br />
<br />
It's been a nice 7-year battle trading the Sniper, my little baby. But everything eventually comes to an end. Here's the final FX Results track record page, which will remain on the site as a legacy item<br />
<a href="https://www.the-lazy-trader.com/p/forex-trading-results.html" target="_blank">https://www.the-lazy-trader.com/p/forex-trading-results.html</a><br />
<br />
<br />
Over the next few days I'll be writing about the returns in all the other trading/investing areas I used in 2019.<br />
<br />
Cheers,<br />
<b>LT</b><br />
<br />
<br />
<div>
<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
</div>
</div>
Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-41161215741359402019-12-03T10:31:00.002-05:002020-01-06T14:25:16.476-05:00January 2020 SPX Unbalanced Iron Condor<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<div dir="ltr" style="text-align: justify;" trbidi="on">
<b>Trade Details:</b><br />
<br />
4 January SPX 2790/2780 Credit Put spread @0.65 credit each<br />
1 January SPX 3230/3240 Credit Call spread @1.10 credit<br />
<br />
Net Credit: $370<br />
Max Risk: $3,630<br />
44 days to Exp. <br />
<br />
<br />
<a name='more'></a><br />
Profit/Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtqFmksMiTT-vROyKxfaQrZD-NR01y2ix9fm-Y628Yyj6dsGsCGTEz5J2RovSyOiTqzYlfo2hQB6V7etpU0GsBM6dwgxZpcBhJ3nSbYw4iJS4YeWs_wU1x8mRxaZa5MwOAFpSFE5eJG638/s1600/SPX-Jan-2020-Unbalanced-Iron-Condor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="465" data-original-width="1127" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtqFmksMiTT-vROyKxfaQrZD-NR01y2ix9fm-Y628Yyj6dsGsCGTEz5J2RovSyOiTqzYlfo2hQB6V7etpU0GsBM6dwgxZpcBhJ3nSbYw4iJS4YeWs_wU1x8mRxaZa5MwOAFpSFE5eJG638/s640/SPX-Jan-2020-Unbalanced-Iron-Condor.PNG" width="640" /></a></div>
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SPX Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUJr5O9fIUIoyp76Mty3fNlGI58jDBqxOqacRBp7WThMhvMpBcXVe-_ov6SGL_P7RhUHJABuBQKPw5zD5Wc6KRy5n0RG38KdNcjs9XY3I2lDocLAaZ-bdWqMceK8WYpbiuo8U5f1tmilAt/s1600/SPX-Chart-20191203.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="1131" height="492" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUJr5O9fIUIoyp76Mty3fNlGI58jDBqxOqacRBp7WThMhvMpBcXVe-_ov6SGL_P7RhUHJABuBQKPw5zD5Wc6KRy5n0RG38KdNcjs9XY3I2lDocLAaZ-bdWqMceK8WYpbiuo8U5f1tmilAt/s640/SPX-Chart-20191203.PNG" width="640" /></a></div>
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<b>Trade Update - December 16, 2019</b><br />
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Closed Call side at a loss<br />
<b>1 January SPX 3230/3240 Credit Call spread @3.00 debit</b><br />
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Original Credit received had been 1.10<br />
Net loss: 1.90 ($190)<br />
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The Put side remains in play. With a $260 credit there, and looking very safe now, it should be a winner, enough to overcome the Call side loss and end up with a small profitable trade overall.<br />
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<b>Trade Update - January 6, 2020</b><br />
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<b>Closed Put side</b><br />
4 January SPX 2790/2780 Credit Put spread @0.05 debit<br />
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Original credit received was 0.65 per spread<br />
Net: 0.60 profit per spread = $240<br />
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Combining the gains from the Put side with the Dec 16 loss on the Call side, this is a small <span style="color: #38761d;"><b>$50</b></span> profit.<br />
Max Risk: $3,630.<br />
Return on Risk: <span style="color: #38761d;"><b>+1.4%</b></span><br />
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-13715646231067039152019-11-27T11:53:00.002-05:002020-01-06T15:17:28.310-05:00January 2020 RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Trade Details:</b><br />
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4 Jan RUT 1485/1475 Credit Put spread @0.60 credit each<br />
2 Jan RUT 1725/1735 Credit Call spread @1.00 credit each<br />
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3 Jan IWM 173 Long Calls @0.24 debit each<br />
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<a name='more'></a>Net Credit: $368<br />
Max Risk: $3,632<br />
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Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCgTC7xIVZKk2DIvb2ePZPXmpKkYAwy9MAo0JLQckoe219-09YnRm29js3hlFSn63tmIYdb7Z8eatuVUdNy8cgQXJFn1PshkaMLoQrQjdmhiGZfqmQs63nZfc3K2RoPu1J3cUSvi_IgjWV/s1600/RUT-Jan-2019-elephant.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="448" data-original-width="1139" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCgTC7xIVZKk2DIvb2ePZPXmpKkYAwy9MAo0JLQckoe219-09YnRm29js3hlFSn63tmIYdb7Z8eatuVUdNy8cgQXJFn1PshkaMLoQrQjdmhiGZfqmQs63nZfc3K2RoPu1J3cUSvi_IgjWV/s640/RUT-Jan-2019-elephant.PNG" width="640" /></a></div>
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RUT Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwsXj_a8viHf387IvYZR-Vw80d0Rfl3L5Rgv3Q2akFgva6bkBtsyJCmcdFGak0d6lBgPiJlTsyAJTFXToUcVYj_mSPfHWz1gvEDWhdmQq4_9BnSyXlQZN-I76aJAXDlzQi6l5jBnXoZlzP/s1600/New-RUT-Elephant.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="875" data-original-width="1219" height="458" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwsXj_a8viHf387IvYZR-Vw80d0Rfl3L5Rgv3Q2akFgva6bkBtsyJCmcdFGak0d6lBgPiJlTsyAJTFXToUcVYj_mSPfHWz1gvEDWhdmQq4_9BnSyXlQZN-I76aJAXDlzQi6l5jBnXoZlzP/s640/New-RUT-Elephant.PNG" width="640" /></a></div>
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<b>Trade Update - January 6, 2020</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigWDTXOU0cWZd4yaQ4d7CPnOFbfsHsg0AgwUuqPvSHfz6ZQSwqWBhAoJolmYRSkffmCc2t2ka8Z7xwUTn7G9MfwzVP7AQUC3-Xyjdia2OtegcyozBhBTo2tcUfr4PJu2Epf9hflbS9uLNh/s1600/RUT-Technical-Analysis-20200106.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="872" data-original-width="1251" height="446" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigWDTXOU0cWZd4yaQ4d7CPnOFbfsHsg0AgwUuqPvSHfz6ZQSwqWBhAoJolmYRSkffmCc2t2ka8Z7xwUTn7G9MfwzVP7AQUC3-Xyjdia2OtegcyozBhBTo2tcUfr4PJu2Epf9hflbS9uLNh/s640/RUT-Technical-Analysis-20200106.PNG" width="640" /></a></div>
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Closed entire position<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBWrwcakcpLjYHpBCR0H0JyDQqKWwwuoJUoghtrjGSILjz14y3eUS9lGqQIobWBowMfRfN7ugjc1ZOObYj-mMX1JFZUuxfJczRdTVdul4yeAFFHI0Hpu8ftjP3yex3Oa_1GqD-99SqUWuT/s1600/RUT-January-2020-Elephant.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="501" data-original-width="1282" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBWrwcakcpLjYHpBCR0H0JyDQqKWwwuoJUoghtrjGSILjz14y3eUS9lGqQIobWBowMfRfN7ugjc1ZOObYj-mMX1JFZUuxfJczRdTVdul4yeAFFHI0Hpu8ftjP3yex3Oa_1GqD-99SqUWuT/s640/RUT-January-2020-Elephant.PNG" width="640" /></a></div>
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<b><br /></b><br />
<b>4 Jan RUT 1485/1475 Credit Put spread @0.05 debit each</b><br />
Original credit: 0.60 per spread<br />
Net: 0.55 gain per contract = +$220<br />
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<b>2 Jan RUT 1725/1735 Credit Call spread @0.15 debit each</b><br />
Original credit: 1.00 per spread<br />
Net: 0.85 gain per contract = +$170 <br />
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<b>3 Jan IWM 173 Long Calls @0.02 credit each</b><br />
Original debit paid was 0.24 per contract<br />
Net: 0.22 loss per contract = -$66<br />
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Combining everything: +220 + 170 - 66 = <span style="color: #38761d;"><b>+$324</b></span><br />
Max Risk: $3,632<br />
Return on Risk: <span style="color: #38761d;"><b>+8.9%</b></span></div>
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<b>Go to the bottom of this page in order to see the Legal Stuff</b></div>
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0tag:blogger.com,1999:blog-5375291312433129989.post-43948271906334880502019-10-25T14:08:00.004-04:002019-11-27T11:33:59.666-05:00December RUT Elephant<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Trade Details:</b><br />
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4 Dec RUT 1410/1400 Credit Put spread @0.70 credit each<br />
2 Dec RUT 1660/1670 Credit Call spread @1.00 credit each<br />
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3 Dec IWM 167 Long Calls @0.28 debit each<br />
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<a name='more'></a>Net Credit: $396<br />
Max Risk: $3,604<br />
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Risk Profile<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2-aAZGgAFcIZbitd9Be1TsafQrcJFi7PW203pfth3i1vokXhC4ZNwoz21pTViOcjX9VhVMoyb7oS325vq2NsDuwAFXCo7mMuBKO3V_E5JZP2MTDuhilyva-Y6DduePqpO9AwVhjim1ZaJ/s1600/RUT-Risk-Profile-For-December-Iron-Condor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="1184" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2-aAZGgAFcIZbitd9Be1TsafQrcJFi7PW203pfth3i1vokXhC4ZNwoz21pTViOcjX9VhVMoyb7oS325vq2NsDuwAFXCo7mMuBKO3V_E5JZP2MTDuhilyva-Y6DduePqpO9AwVhjim1ZaJ/s640/RUT-Risk-Profile-For-December-Iron-Condor.PNG" width="640" /></a></div>
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RUT Chart for future reference:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeLsIjFz9RjxPkJpIUHsgQ2-rFq5qQnq4gbdsKkMd1xr6Sch_fxi8CCFAJ80UcIVCylkiFHFDyMuHwlXso7W2HqirXZ1d8bVA0qSMtQ4djQZMkURLQh6_bw7eJPHTlvmLJ5ZEt80vblNfl/s1600/RUT-Chart-For-December-Iron-Condor.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="867" data-original-width="1163" height="476" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeLsIjFz9RjxPkJpIUHsgQ2-rFq5qQnq4gbdsKkMd1xr6Sch_fxi8CCFAJ80UcIVCylkiFHFDyMuHwlXso7W2HqirXZ1d8bVA0qSMtQ4djQZMkURLQh6_bw7eJPHTlvmLJ5ZEt80vblNfl/s640/RUT-Chart-For-December-Iron-Condor.PNG" width="640" /></a></div>
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<b>Trade Update - November 5, 2019</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXDh4DvAzTj33XaavUawvGGkPKe-JlpdvQ2egQtJFxQF1_cjkQKAdbDBRaOtX5dTBt4ZTceTJIOhKDl1srUzuENEqhUlWV0BEkZIDhav8VNL1dJFY8wCqqCBBuYBB6N9Q8cGvN49a1AQA9/s1600/RUT-Adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="1091" height="508" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXDh4DvAzTj33XaavUawvGGkPKe-JlpdvQ2egQtJFxQF1_cjkQKAdbDBRaOtX5dTBt4ZTceTJIOhKDl1srUzuENEqhUlWV0BEkZIDhav8VNL1dJFY8wCqqCBBuYBB6N9Q8cGvN49a1AQA9/s640/RUT-Adjustment.PNG" width="640" /></a></div>
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Closed Call side:<br />
<b>2 Dec RUT 1660/1670 Credit Call spread @2.40 debit each</b><br />
Original Credit received was 1.00 per<br />
Loss: 1.40 per spread = $280 loss for 2 spreads<br />
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<b>3 Dec IWM 167 Long Calls @0.63 credit each</b><br />
Original debit paid: 0.28 per contract<br />
Gain: 0.35 per contract = $105 for 3 contracts played.<br />
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Combining the $280 loss and the $105 gain, it is a net loss of <span style="color: red;"><b>$175</b></span> on the Call side of the position <br />
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This is a manageable loss, considering that the Put side contains $280 credit, more than enough to eclipse this loss suffered on the Call side. Also, now the Put side (at 1410) is much safer since RUT has gone above 1600.<br />
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<b>Trade Update - November 27, 2019</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFZ7FUEIAmKMoPq4yf04aPhnyWYExPEQON-3xtnQOxMEl8qxBHQ-9aCTHmn3CeIqgftcoumYUdxgHtyCViwHLzuKHyHmb6lf-CSqn1ydbW0I2fZYoSCmryNputWsdcKO4uVSvMJBR5SwSZ/s1600/RUT-Chart-November-27-2019.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="868" data-original-width="1196" height="462" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFZ7FUEIAmKMoPq4yf04aPhnyWYExPEQON-3xtnQOxMEl8qxBHQ-9aCTHmn3CeIqgftcoumYUdxgHtyCViwHLzuKHyHmb6lf-CSqn1ydbW0I2fZYoSCmryNputWsdcKO4uVSvMJBR5SwSZ/s640/RUT-Chart-November-27-2019.PNG" width="640" /></a></div>
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Closed the Put side<b><br /></b><br />
<b>4 Dec RUT 1410/1400 Credit Put spread @0.05 debit each</b><br />
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Original Credit received was 0.70 per<br />
Profit: 0.65 per spread = <span style="color: #38761d;"><b>$260</b></span> for 4 spreads.<br />
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Combining the loss suffered on the Call side, with the gain from the Put side, this was a net <span style="color: #38761d;"><b>$85 </b></span>gain (-$175 + $260)<br />
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$85 gain on a $3,604 max risk represents a <span style="color: #38761d;"><b>+2.4% </b></span>Return on Risk<br />
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<a href="http://www.the-lazy-trader.com/p/options-trading-results.html" target="_blank">Check out 2019 Track Record</a><br />
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Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.com0