Dear trading community,
Here is a look at my sample portfolio for Friday December 6th 2019.
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 $6.91 ($691 per one lot).
I didn’t close this position at 21 DTE since it is only a one lot, so this is kind of a gamble, we’ll see if we get a little sell off next week, so that I’m able to scratch this trade.
On Tuesday, December 3rd 2019, I sold this position for a credit of $8.12.
My profit target for this position is $1.79, so I'm going to close it, when it trades for $6.33 or at 21 DTE.
At the moment this position is down 11 cents ($11 per one lot).
On Tuesday, December 3rd 2019, I sold this position for a credit of $4.85.
My profit target for this position is $1.10, so I'm going to close it, when it trades for $3.75 or at 21 DTE.
At the moment this position is unchanged.
On Monday, December 2nd 2019, I rolled this position up and out for a credit of $0.49.
My synthetic basis on the covered put is now $184.98, 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.
On Tuesday, December 3rd 2019, I sold this position for a credit of $4.25.
My profit target for this position is $95 cents, so I'm going to close it, when it trades for $3.30 or at 21 DTE.
At the moment this position is up 40 cents ($40 per one lot).
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 down 1 cent ($1 per one lot).
On Tuesday, December 3rd 2019, I sold this position for a credit of $2.15.
My profit target for this position is 40 cents, so I'm going to close it, when it trades for $1.75 or at 21 DTE.
At the moment this position is up 4 cents ($4 per one lot).
On Wednesday, November 25th, 2019, I opened this position for a debit of $19.90.
On Monday, December 2nd 2019, I closed it at a profit of $1.70 ($170 per one lot).
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.
