Hi Steemians,
here is my weekly sample portfolio update for Friday, February 15th, 2019.
Closing SPX Put Calendar
On Monday February 11th, 2019 I closed this position for a profit of $125 per one lot.
Closing XLE Straddle
On Monday February 11th, 2019 I closed this position for a profit of $83 per one lot.
Just shy of my original profit target of $90 per one lot.
New RUT Put Calendar Spread
After I closed my SPX put calendar spread, markets started to rally again and implied volatility dropped fast, so I did put on a new put calendar spread in the RUT.
I paid a debit of $13.60.
My profit target for this position is $1.30 ($130 per one lot).
So I'm going to close this position when it trades for $14.90.
At the moment this position is down $1.60 ($160 per one lot).
Closing IWM Strangle
On Tuesday February 12th, 2019 the short call of this strangle got hit.
Since my position was already profitable, I didn't roll up my put, but closed it for a profit of $78 per one lot.
Rolling QQQ Straddle to April
My short call got in danger of getting assigned today, since the extrinsic value was very low, so I rolled it out to April and picked up a credit of 67 cents.
As you can see in the picture below, my overall credit for this position is now $12.94.
I really hate this position, but it is only a one lot and it gives me a nice amount of short deltas.
So I'm trying to roll this position until I'm able to scratch it.
At the moment this position is down $14.76 ($1,476 per one lot).
Next Week
I really need to put positions on, since my theta numbers are really low.
If implied volatility comes back next week, I will put on my usual 30 delta short strangles or atm short straddles in IWM, FXE, GLD, TLT and XLE going out to April expiration.
If implied volatility stays put, I will go much wider (to the 16 delta) and only put on small positions in order to not get hurt by a vol expansion.
We'll see what happens next week...
Books Update
Three weeks ago I released an updated version of my first book which contains three new chapters which could be game changers for a lot of traders.
Everyone who has already bought it will get the update for free.
The updates are already available on Amazon, Apple, Google and Barnes and Nobel.
It is still available for 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.
Interview with 10minutestocktrader.com
I was interviewed two weeks ago by the host of 10minutestocktrader.com Chris Uhl.
If you haven't watched the video yet, it is is available on Youtube:
The Podcast is available here:
Chris Uhl is a great host and I highly recommend subscribing to his channel.
Have a great weekend!
Stephan Haller
