tag:blogger.com,1999:blog-5375291312433129989.post5147118121708192027..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (March 7, 2015)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5375291312433129989.post-55193164209999361222015-03-09T09:57:01.570-04:002015-03-09T09:57:01.570-04:00Last week
I bought RUT Apr/May 1230 call calendar ...Last week<br />I bought RUT Apr/May 1230 call calendar (40 days until April expiration; RVX in a lower part of its range).<br /><br />Open positions<br />IC SPX Apr 1850/1870/2200/2220<br />IC RUT Apr 1050/1070/1320/1340<br />CAL RUT Apr/May 1230 call<br /><br />This week<br />Both iron condors look healthy at the moment. I may need to adjust the calendar, if RUT goes under 1200.MartinBnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-15809911859496303672015-03-08T21:06:32.480-04:002015-03-08T21:06:32.480-04:00Folks,
I love this little group we have created o...Folks,<br /><br />I love this little group we have created over here. It's good to agree, based on experience and not on guts, ego or emotions. Profitable trading is uncomfortable, profitable trading is counter-intuitive. That's why it will always be mentally hard to execute.<br /><br />Here's to a good week in the markets.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-45048676472020730222015-03-08T14:31:39.872-04:002015-03-08T14:31:39.872-04:00“We're quickly reaching a short term oversold ...“We're quickly reaching a short term oversold condition. Every time this happens you will be afraid. Every single time you will think it is different and the market crash is truly coming. Just remember that selling Puts is much better than selling Calls.”<br /><br /> I could not have said it clearer. I got same plan for the week , selling puts April expiry and if we get another big drop I will add May options as well. <br />I added RUY puts April 1100/1110 completing IC<br />My positions: <br />March IC 1300/1310/980/970 @ 0.9<br />April IC 1330/1340/1100/1000 @ 0.92<br /><br />Thanks Lazy Trader for all your educational feed<br /><br />@bellinimarketsBellini Marketshttps://www.blogger.com/profile/07308580101950960487noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-35578217072432180172015-03-08T00:34:23.625-05:002015-03-08T00:34:23.625-05:00I agreed with you that people get nervous when mar...I agreed with you that people get nervous when market is going down. They are reluctant to sell credit put spreads because they think the market is going to crash. This rarely happens in my opinion. These are the same people who will sell credit call spreads too quickly when the market is going up. It is better to do the opposite. Be quicker to sell cps but be slower to sell ccs. Market tends to go down harder but usually ends quickly. Market tends to go up slower but longer. <br /><br />My preference is to sell cps because you can get so much further away. Also if your cps position gets in trouble, it will be easier to adjust due to the increased VIX. <br /><br />What I did last week:<br /><br />On Monday March 2nd, I sold the June 30th SPX 1750/1725 & 2275/2300 iron condor for $2.90 credit.<br /><br />Plans for this week:<br /><br />If we have an oversold condition on SPX and/or RUT, I will sell May credit put spreads. <br /><br />Current Position:<br /><br />Both iron condors are currently profitable despite the ugly day on Friday.<br /><br />June 30th RUT 1000/990 & 1380/1390 iron condor<br />June 30th SPX 1750/1725 & 2275/2300 iron condor<br /><br />You can follow me on Twitter @lienjonathan where I tweet my high probability credit spread trades in real-time for free. You can like my Facebook page and see all my open and closed trades and track record below.<br /><br />https://www.facebook.com/pages/Create-Monthly-Income-Fund/857243867661638<br /><br />https://docs.google.com/spreadsheets/d/1xpG88wxQeoAKyIik3OKhbxbS3qInINGaa4Boxzp5HEY/edit?usp=sharingJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com