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Tuesday, February 25, 2020

April SPX Credit Put spread

As per the rules, it is a short term oversold environment:



Trade Details:

4 April 2770/2780 Credit Put spread @0.65 credit

Total credit: $260
Max Risk: $3,740
Days to expiration: 52


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TRADE UPDATE - March 9, 2020

Adjusted the Credit Put spread downwards
Closed 4 April 2770/2780 Credit Put spread @3.10 debit

The Loss is 2.45 per = $980

Opened new Credit Put spread
 4 April 2250/2240 Credit Put spread @0.85 credit
Total credit $360



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Sunday, February 9, 2020

Enhanced Investing - January 2020 Results

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 $229.68. As a reminder, this is on a $25,000 account at Tastyworks, with 2:1 margin. Below are the details per position:


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.
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.


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Thursday, February 6, 2020

March 2020 RUT Elephant

Trade Details:

4 March RUT 1530/1520 Credit Put spread @0.60 credit each
2 March RUT 1765/1775 Credit Call spread @1.00 credit each

3 March IWM 177 Long Calls @0.31 debit each