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BookingAlpha Option Trading Advisory

Friday, November 23, 2018

Weekend Portfolio Analysis (November 23, 2018)

Recent Trading Activity

- Initiated an SPX January 2019 Credit Put spread. As announced earlier in October, the Weekend Portfolio Analysis articles will come to an end at the end of this year. I'm only mentioning this 2019 trade for the sake of completeness, but it will not be included in the remaining articles.

January 2019 SPX Credit Put spread

First trade using 2019 options. New year, fresh start!
I decided to start it off with a Credit Put spread. Even though we are not 100% extreme oversold we are almost there and with the VIX above 21 it is just an attractive proposition very far out of the money.

Trade Details:
SELL 4 January SPX 2310/2300 Credit Put spreads @0.70

Credit:          $280 (0.70 x 4 x 100)
Max Risk: $3,720 (9.30 x 4 x 100)

Friday, November 16, 2018

Monday, November 12, 2018

December SPX Elephant

Trade Details:

SELL 20 SPX December 2500/2490 Credit Put spreads @0.65 Credit
SELL   8 SPX December 2910/2920 Credit Call spreads @0.95 Credit

Long hedges:
BUY   8  SPY December 292 Calls @0.47
BUY   1  SPY December 257 Puts  @1.71

Total Net Credit: $1,513
Days to Expiration: 38

Sunday, November 11, 2018

Weekend Portfolio Analysis (November 11)

Recent Trading Activity

- No Activity. It was an extremely busy week at the office that left me with only a handful of chances to watch the markets.