July 2013 expiration is now in the past and the two positions that were open finally resulted in full profit without closing commissions. The month resulted in a +4.51% gain after commissions in the model portfolio and it was very comfortable to handle overall.
CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
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Saturday, July 20, 2013
Sunday, July 14, 2013
Weekend Portfolio Analysis (July 14, 2013)
The market keeps defying gravity, and no matter how overbought it is, it just keeps stubbornly going up causing the worst possible scenario for credit spread sellers (sustained uptrends and low implied volatility, can't get worst than this)
August $SPX Iron Condor adjustment
With the market on its unstoppable run I closed the 1430/1435/1700/1705 SPX August Iron Condor on Friday
Closed Aug. SPX 1435/1440/1700/1705 Iron Condor for 1.70 debit ($225 loss) Opened new 1560/1565/1745/1750 for 0.85 credit($425, 5 contracts)
— The Lazy Trader (@lazytrading) July 12, 2013
Thursday, July 11, 2013
August 2013 RUT Bear Call Spread
Today I sold a RUT Credit call spread as follows:
Back to war. Sold AUG 1080/1085 RUT Bear Call Spread for 0.70 credit
— The Lazy Trader (@lazytrading) July 11, 2013
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