Weekly Trade Update - Week 23

in options •  6 years ago 

Hi Steemians,

here are my weekly trade updates for September 7th, 2018.

GLD Short Straddle in October

1. GLD.jpeg

source:tastyworks

I collected $3.42 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (86 cents).
So I'm going to close this position when it trades for $2.56 or at 21 DTE.
At the moment this position is up 32 cents ($32 per one lot).

October Short Straddle in TLT

2. TLT.jpeg

source:tastyworks

I collected $3.11 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (78 cents).
So I'm going to close this position when it trades for $2.33 or at 21 DTE.
At the moment this position is down 18 cents ($18 per one lot).

October Straddle in FXE

3. FXE.jpeg

source:tastyworks

I collected $2.43 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (61 cents).
So I'm going to close this position when it trades for $1.82 or at 21 DTE.
At the moment this position is up 9 cents ($9 per one lot).

October Straddle in XLE

4. XLE.jpeg

source:tastyworks

I collected $3.53 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (88 cents).
So I'm going to close this position when it trades for $2.65 or at 21 DTE.
At the moment this position is down 39 cents ($39 per one lot).

October 30 Delta Strangle in IWM

5. IWM.jpeg

source:tastyworks

I collected $3.30 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.65 cents).
So I'm going to close this position when it trades for 1.65 cents or at 21 DTE.
At the moment this position is up 37 cents ($37 per one lot).

Skewed Short Strangle in QQQ

6. QQQ Strangle.jpeg

source:tastyworks

I collected $2.86 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.43 cents).
So I'm going to close this position when it trades for $1.43 or at 21 DTE.
At the moment this position is up 20 cents ($20 per one lot).

QQQ Short Call Spread in October

7. QQQ Call Spread.jpeg

source:tastyworks

I collected $7.60 for this credit spread.
At the moment this position is down 98 cents ($98 per one lot).
This position is a hedge against my short vega risk, so whatever the market will do in the next few weeks, I will decide, wether I'm going to keep this position or if I'm going to close it at some time.

Short SPY Call Spread in October

8. SPY.jpeg

source:tastyworks

I collected $3.93 for this credit spread.
In order to make up for my previous loss of $2.79 in the SPY BWB in September, I need this position to trade for $1.14 or lower.
At the moment this position is up 38 cents ($38 per one lot).


Have a great trading day,
Stephan Haller

P.S. The updated/redesigned version of my book is in the final review phase.
I hope it will be published during the next two weeks.



Legal disclaimer: These are not trade recommendations. Options involve risk and are not suitable for all investors. The trades shown above are for educational purpose only.

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  ·  6 years ago (edited)

Where are you trading these crypto options? By where i mean which website? All i have ever come across is deribit.com and they only trade bitcoins options.

There are no crypto options as far as I know.