tag:blogger.com,1999:blog-5375291312433129989.post2677121426830694930..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (May 23, 2015)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5375291312433129989.post-70593169846394259022015-05-25T09:27:57.124-04:002015-05-25T09:27:57.124-04:00Hi Martin,
Why do you sell 20-wide strikes? When...Hi Martin, <br /><br />Why do you sell 20-wide strikes? When it reaches your adjustment points, what is your plan of action? Thanks for sharing. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-32083949288233236572015-05-24T21:14:59.024-04:002015-05-24T21:14:59.024-04:00You guys, are a bunch of profitable traders.
Be wi...You guys, are a bunch of profitable traders.<br />Be wise, and be well.<br />Thx for sharing.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-76203066528121839312015-05-24T16:04:52.322-04:002015-05-24T16:04:52.322-04:00Last week:
On Monday, my RUT June 1100/1120/1340/1...Last week:<br />On Monday, my RUT June 1100/1120/1340/1360 iron condors reached the profit target. I bought them back at 0.60. I originally sold four of these ICs at 2.70. The realized profit is +$840 (+12.1% on margin $6920).<br /><br />On Monday, I opened new position in RUT with July expiration. RUT opened at around 1245 (in the middle of a recent price range and between Bolinger Bands). RVX at around 16 (in the lower part of BB). There was 60 days to July expiration. RUT Jul 1330 had delta only 8 and the RUT Jul 1330/1350 ccs was trading too cheap for my taste. That's why I decided to sell RUT Jul 1320/1340 ccs that was trading at 1.70 (RUT Jul 1320 call had delta over 11). To compensate negative delta of the RUT Jul 1320/1340 ccs, I decided sell RUT Jul 1100/1120 cps for 1.42. In the end, I ended up with five ICs RUT July 1100/1120/1320/1340 that I sold for 3.12 ($1560 credit with $8440 margin).<br /><br /><br />Open positions:<br />4x IC SPX June 1910/1930/2210/2230<br />5x IC SPX July 1880/1900/2225/2245<br />5x IC RUT July 1100/1120/1320/1340<br /><br /><br />Next week:<br />I might close the SPX June iron condor spreads that are near my profit target. Apart from that, I will be watching my other two positions with rough adj. points (2010;2160) for the SPX July ICs, and (1190;1272) for the RUT July ICs.<br /><br /><br />Good trading,<br />Martin<br />Martinnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-11010239628468115282015-05-24T12:43:47.838-04:002015-05-24T12:43:47.838-04:00Hello all
Still nothing done on the Calls side
O...Hello all<br /><br />Still nothing done on the Calls side<br /><br />Outstanding positions are:<br /><br />RUT June 19th 1050/1060 cps @ 0.35<br />SPX July 17th 1850/1860 cps @ 0.70<br />RUT July 17th 1010/20 cps @ 0.35<br /><br />Wish you all a good week!!Bellini Marketshttps://www.blogger.com/profile/07308580101950960487noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-91126158098420219312015-05-23T11:22:37.246-04:002015-05-23T11:22:37.246-04:00It was an uneventful week for me last week. I didn...It was an uneventful week for me last week. I didn't make any trades. Theta decay is working its magic on all my current positions.<br /><br />RUT July 17th 1050/1040 cps – currently profitable<br />IWM August 21st 105/103 cps <br />SPX August 31st 1750/1725 & 2275/2300 iron condor <br />RUT September 30th 1000/990 & 1380/1390 iron condor<br />SPX September 30th 1725/1700 & 2275/2300 iron condorJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com