Dear trading community,
here is a look at my weekly sample portfolio update for Friday, July 12th 2019.
QQQ July Long Call Butterfly
This is a free butterfly with a locked in profit of 54 cents ($54 per one lot).
This butterfly is trading for 11 cents at the moment, so I'm up 65 cents ($65 per one lot) on this position.
IWM August 30 Delta Short Strangle
On Monday, June 24th 2019, I sold this position for a credit of $3.70.
My profit target is $1.68.
So I'm going to close this position, when it trades for $2.02 or at 21 DTE.
At the moment this position is up $1.26 ($126 per one lot).
Going inverted in TLT August Short Straddle
On Monday, June 17th 2019, I sold this position for a credit of $2.24.
On Wednesday , July 3rd 2019, my short call was hit, so I rolled up the put into a straddle for a credit of $1.56.
On Thursday , July 11th 2019 TLT sold off pretty much, so I had to roll down my call to the 130 strike for a credit of $1.20.
My overall credit for this position is now $5.00.
My profit target hasn't changed, it is still 93 cents.
So I'm going to close this position, when it trades for $4.07 or at 21 DTE.
At the moment this position is down 89 cents ($89 per one lot).
QQQ July Covered Put
Still in defense mode.
My basis of this position is $164.65.
At the moment I'm down $29.62 ($2,962 per one lot).
But hey, we are at record highs and this is a short delta position.
So I have still a lot of puts to sell against this position, until I'm back to even.
SPY August Strangle
My overall credit for this position is $5.94.
Since I'm in full defense mode on this position, I'm looking for a scratch in this position.
At the moment this position is down $9.04 ($904 per one lot).
Closing GLD August Short Strangle
On Monday, June 24th 2019, I sold this position for a credit of $2.84.
On Wednesday, July 10th 2019, I closed it for a profit of $1.50 ($150 per one lot).
Closing XLE August Short Strangle
On Friday, June 28th 2019, I sold this position for a credit of $1.63.
On Thursday, July 11th 2019, I closed it for a profit of 76 cents ($76 per one lot).
QQQ August Short Strangle
The overall credit on this position is $3.92.
Since I'm in full defense mode on this position, I'm looking for a scratch in this position.
At the moment this position is down $10.07 ($1,007 per one lot).
New Call Ratio Spread in GLD
I have way too many short deltas at the moment and not enough short premium plays to offset my short deltas.
IVR in GLD is pretty high and there is a big call skew.
So a call ratio spread is the right play.
I sold this one for a net credit of $1.02 on Friday 12th 2019.
My profit target is 25% of max profit (75 cents), so I'm going to close this position, when it trades for 27 cents or at 21 DTE.
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.
Stephan Haller