tag:blogger.com,1999:blog-5375291312433129989.post6661745418366233580..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Weekend Portfolio Analysis (June 21, 2014)Henrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5375291312433129989.post-18739935954863958242014-06-22T11:33:04.797-04:002014-06-22T11:33:04.797-04:00I like your comment that SPX 2000 at this point ju...I like your comment that SPX 2000 at this point just looks like a magnet. We'll have to trade accordingly.<br />As for your 2000/2005 Credit Call spread, man,....every time we violate our own rules the market seems to find a way to punish us. It happens to me as well,.....I do something funky and there goes my position going south. Good positions overall. Thanks for your comments.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-52947861229983099592014-06-22T10:29:49.965-04:002014-06-22T10:29:49.965-04:00I forgot that I also have the July IWM 123/125 cre...I forgot that I also have the July IWM 123/125 credit call spread.Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-91408600931284995182014-06-22T10:28:10.038-04:002014-06-22T10:28:10.038-04:00June ended successfully for me to as I had the RUT...June ended successfully for me to as I had the RUT 98/96 and SPY 170/168 positions. They never gave me any trouble. <br /><br />17% return annually is spectacular for most investors. I think once VIX goes up in the future, we can expect higher returns. <br /><br />We are overbought now. But the market can continue going up since there is nothing to stop it except some unexpected bit of news. I see RUT going above 1200 and SPX 2000 this summer. 2000 appears to be a magnet at this point. <br /><br />My current positions:<br /><br />July IWM 95/93 credit put spread<br />July SPX 2000/2005 credit call spread (looking to adjust on a big down day in SPX sometime this month)<br />August IWM 105/103 & 126/128 iron condor (got this position last Friday)<br /><br />My plan is to roll the July SPX 2000/2005 credit call spread into August and iron condor it with a credit put spread to take in some more credit. <br /><br />I made a mistake by selling the July SPX 2000/2005 too early. I should have waited until last Friday to do it per my rules. I violated my rule because I wanted to be hedged going into the ECB meeting and Jobs reports. I have been trying to close the SPX 2000/2005 trade for scratch ever since then but have not been able to do it. Assuming the market takes a break next week or go down, I might be able to roll this into August for a slight debit. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com