tag:blogger.com,1999:blog-5375291312433129989.post6076840845904816199..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (March 21, 2014)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5375291312433129989.post-20873900428777025162014-03-22T23:08:39.842-04:002014-03-22T23:08:39.842-04:00Henrik,
You can never be too safe. I am followin...Henrik, <br /><br />You can never be too safe. I am following Adam and Karen who are extremely conservative when compared to me. I will put on my May RUT or IWM position next week. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-19709205755232168182014-03-22T10:59:09.994-04:002014-03-22T10:59:09.994-04:00Thanks for the correction Jonathan. I added the % ...Thanks for the correction Jonathan. I added the % symbol to +1.29.<br />For April, your IWM Call spread looks good, in the case of SPY 192/194 I would probably be tempted to take my winner earlier.<br /><br />Wow, you went extra conservative with your SPY May Iron Condor. I think you have pretty good chances there of staying out of trouble.<br /><br />Good luck this week!<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-30240934439435728112014-03-21T23:03:04.586-04:002014-03-21T23:03:04.586-04:00Great analysis and very wise conclusion.
You have...Great analysis and very wise conclusion.<br /><br />You have a minor mistake in this sentence: SPX from 1842.81 to 1866.52 this week for a +1.29 gain.<br /><br />For April, I have SPY 192/194 and 175/173. I also have April IWM 127/125 and 108/106. <br /><br />I put on my first May IC today. I got the 198/200 and 170/168 for .19 credit. <br /><br />I am totally with you with selling some April spreads if we get a short-term overbought or oversold at those levels you mentioned 1890 and 1830. Although my rule will say to wait until 1825 or 3% lower from the 10-day high of the SPX. But we are only talking about a 5-point difference so it really doesn't matter at the end of the day.<br /><br />I am so inspired by Karen's trading story. We are the tortoise selling conservative spreads. We will eventually win the race with our steady, consistent and safe income producing trades. We have the probabilities behind us. We wait for market extremes to sell when possible otherwise we do an iron condor when we are in no man's land. We have a plan when something goes wrong. We never over-trade. We wait patiently for the right opportunity. We have discipline. We have rules that we trade by. We can still win when the market goes up, down or sideways. <br /><br />Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com