Dear trading community,
Here is a look at my sample portfolio for Friday, November 15th, 2019.
IWM December 30 Delta Short Strangle
On Friday, October 25th, 2019, I sold this position for a credit of $3.75. Only half of my normal size since IV is so low.
My profit target for this position is $1.60, so I'm going to close it, when it trades for $2.15 or at 21 DTE.
At the moment this position is 85 cents ($85 per one lot).
Inverted IWM Short Strangle
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.
On Friday, October 25th, 2019, I rolled it up to the 148 strike and out to December expiration and also added a short 148 put to reduce my short deltas.
On Friday, November 8th, 2019, my deltas got too short, so I rolled up my put into an inverted strangle for a credit of $1.22
My overall credit for this position is now $8.47.
No specific profit target, since this is all in defense mode.
At the moment this position is down $4.68 ($468 per one lot).
TLT December Short Straddle
On Friday, October 25th, 2019, I sold this position for a credit of $3.02.
On Friday, November 8th, 2019, my short put got hit, therefore I rolled down my call into a straddle for a credit of $1.99.
My overall credit for this position is $5.01.
My profit target for this position hasn’t changed. It is still $1.28, so I'm going to close it, when it trades for $3.73 or at 21 DTE.
At the moment this position is up 31 cents ($31 per one lot).
QQQ December Synthetic Covered Put
My synthetic basis on the covered put is $184.49, 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.
This position acts as a hedge for my vega risk, so no specific profit target.
Closing GLD December 30 Delta Strangle
On Tuesday, October 22nd, 2019, I sold this position for a credit of $2.46.
On Wednesday, November 13th, 2019, I closed it for a profit of $1.26 ($126 per one lot).
Closing FXB December 30 Delta Strangle
On Wednesday, October 16th 2019, I sold this position for a credit of $2.34.
On Wednesday, November 13th, 2019, I closed it for a profit of $1.14 ($114 per one lot).
XLE December 30 Delta Strangle
On Friday, October 25th, 2019, I sold this position for a credit of $1.71 only half my normal size, since IV is so low.
My profit target for this position is 71 cents, so I'm going to close it, when it trades for $1 or at 21 DTE.
At the moment this position is up 75 cents ($75 per one lot).
Closing SPY Classic Put Diagonal
On Thursday, October 24th, 2019, I bought this position for a debit of $2.35.
On Friday, November 15th, 2019, I closed it at a loss of $1.18 ($118 per one lot).
New RUT Put Calendar Spread
On Wednesday, November 13th, 2019, I opened this position for a debit of $11.20, since IV is on its butt at the moment.
My profit target for this position is 10% of debit paid, so I’m going to close this position, when it trades for $12.30 or when the front month put expires.
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.