Dear trading community,
Here is a look at my sample portfolio for Friday September 27th 2019.
Closing IWM Straddle
On Wednesday, September 4th 2019, I sold an 30 delta strangle in IWM. On Monday, September 9th 2019, I had to roll up my put to defend the position.
My overall credit for this position was $7.03.
On Tuesday, September 24th 2019, I closed it for a profit of 54 cents ($54 per one lot).
New IWM 30 Delta Strangle
On Tuesday, September 24th 2019, I sold this position for a credit of $4.22.
This time only half the size, since IVR was low.
My profit target for this position is $1.92, so I'm going to close it, when it trades for $2.30 or at 21 DTE.
At the moment this position is down 7 cents ($7 per one lot).
Rolling October IWM Short Call up and out to November
On Friday, August 23rd 2019, I sold this call for a credit of $4.53.
On Thursday, September 26th 2019, I rolled it up to the 147 strike and out to November for a credit of 69 cents.
My overall credit for this position is now $5.22.
No specific profit target, since this is a vega hedge.
At the moment this position is down $2.14 ($214 per one lot).
Closing TLT October Inverted Short Straddle
On Wednesday, September 4th 2019, I sold an 30 delta strangle in IWM.
On Monday, September 9th 2019, I had to roll up my put to defend the position.
On Friday, September 13th 2019, I had to roll down my call and go inverted.
My overall credit for this position was $7.29.
Since we did hit the 21 DTE threshold on Friday, September 27th 2019, I closed this position at a loss of $1.33 ($133 per one lot).
New TLT 30 Delta Strangle
On Friday, September 27th 2019, I sold this position for a credit of $2.87.
My profit target for this position is $1.21, so I'm going to close it, when it trades for $1.66 or at 21 DTE.
At the moment this position is down 9 cents ($9 per one lot).
Closing SPY Short Straddle
On Friday, August 23rd 2019, I sold the aggressive short delta strangle for a credit of $10.03.
On Monday, September 16th 2019, I rolled up my put into a straddle for a credit of $1.43.
My overall credit for this position is was $11.46.
On Friday, September 27th 2019, I closed it at a loss of $1.17 ($117 per one lot), since we did hit the 21 DTE threshold.
New SPY Aggressive Short Delta Strangle
On Friday, September 27th 2019, I sold this position for a credit of $9.71.
My profit target for this position is $3.50, so I'm going to close it, when it trades for $6.21 or at 21 DTE.
At the moment this position is up 1 cent ($1 per one lot).
Rolling QQQ Synthetic Covered Put up and out to November
%20Synthetic%20Covered%20Put%20-%20basis%20$182.06%20-%20credit%20on%20all%20options%20$37.03%20-%20short%20stock%20price%20145%20-%20possible%20profit%2015%20cents%20-%2027.09.2019.png)
I rolled this position up and out to November for a credit of $2.09.
My synthetic basis on the covered put is now $182.06, finally I have collected enough in credit in this position to have the chance to be profitable.
We'll see how and if this will work out.
New GLD November 30 Delta Strangle
On Monday, September 23rd 2019, I sold this position for a credit of $3.25.
My profit target for this position is $1.45, so I'm going to close it, when it trades for $1.80 or at 21 DTE.
At the moment this position is up 26 cents ($26 per one lot).
New FXB November 30 Delta Strangle
On Monday, September 23rd 2019, I sold this position for a credit of $2.07.
My profit target for this position is $1, so I'm going to close it, when it trades for $1.07 or at 21 DTE.
At the moment this position is up 40 cents ($40 per one lot).
Closing XLE Inverted Strangle
This position started out as an October 57 short straddle.
The price of XLE kept going up, so I had to go inverted.
The overall credit on this position is $5.25.
On Friday, September 27th 2019, I closed it at a loss of 52 cents $52 per one lot, since we did hit the 21 DTE threshold.
New XLE November 30 Delta Strangle
On Friday, September 27th 2019, I sold this position for a credit of $1.86.
My profit target for this position is 81 cents, so I'm going to close it, when it trades for $1.05 or at 21 DTE.
At the moment this position is down 13 cents ($13 per one lot).
Books Update
With the completion of my latest book, I have now a trilogy.
The first book is still available for a huge discount on Google Play, so buy as long as it is still cheap.
You can also buy it for $19.99 on iTunes, Amazon or Barnes and Nobel.
Thanks to all my readers for buying it.
If you like it, you would do me a great favor by writing a short review on amazon.
My second book is available for $5.99 on Amazon, Google and on Apple.
Thanks to all my readers for buying it.
If you like it, you would do me a great favor by writing a short review on amazon.
My third book is available on Amazon, Google and iTunes.
Have a great weekend,
Stephan Haller
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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