Dear trading community,
Here is a look at my sample portfolio for Friday, November 29th, 2019.
On Friday we did hit the 21 DTE threshold.
Since the day after Thanksgiving is usually a pretty slow day, I will close/roll my remaining December positions on Monday.
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 $6.08 ($608 per one lot).
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.
On Wednesday, October 20th, 2019, I had to roll up my puts for a credit of $1.47.
My overall credit for this position is now $6.48.
Since on Monday, December 2nd, 2019, TLT goes ex dividend, with an expected dividend of 25 cents, I had to close this position to avoid getting assigned short stock.
My loss on this position was 52 cents ($52 per one lot).
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.
I will roll this position on Monday.
On Monday, November 18th 2019, I sold this position for a credit of $2.02.
My profit target for this position is 85 cents, so I'm going to close it, when it trades for $1.17 or at 21 DTE.
At the moment this position is up 18 cents ($18 per one lot).
On Wednesday, November 25th, 2019, I opened this position for a debit of $19.90.
My profit target for this position is 10% of debit paid ($2).
So I’m going to close this position when it trades for $21.90 or when the front month put expires.
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.
My theta numbers are pretty low at the moment, so next week I gotta put some January positions on.
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.
