Weekly Sample Portfolio Update - Week 26
Dear trading community,
I'm sorry (again) for posting this a couple of days late, but I'm really busy at the moment.
Now let's have a look at weekly sample portfolio update for Friday, June 28th 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 28 cents at the moment, so I'm up 82 cents ($82 per one lot) on this position.
Closing IWM July Strangle
My overall credit on this narrow strangle was $7.83.
On Monday ,June 24th 2019, I closed it for a profit of 73 cents ($73 per one lot).
New 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 down 41 cents ($41 per one lot).
TLT August Short Strangle
On Monday, June 17th 2019, I sold this position for a credit of $2.24.
My profit target is still 93 cents.
So I'm going to close this position, when it trades for $1.31 or at 21 DTE.
At the moment this position is up 49 cents ($49 per one lot).
QQQ July Covered Put
On Friday, June 28th 2019, I rolled the put out to August for a credit of $1.50.
I also had to pay the dividend of 42 cents on Monday ,June 24th 2019.
My basis of this position is now $164.65.
At the moment I'm down $25.70 ($2,570 per one lot).
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 now $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 $6.42 ($642 per one lot).
Closing GLD July Inverted Strangle
On Monday, June 24th 2019, I closed this position for a loss of $6.80 ($680 per one lot).
New GLD August Short Strangle
On Monday, June 24th 2019, I sold this position for a credit of $2.84.
My profit target is $1.33.
So I'm going to close this position, when it trades for $1.51 or at 21 DTE.
At the moment this position is up 40 cents ($40 per one lot).
Closing XOP Inverted Strangle
On Friday, June 28th 2019 we did hit the 21 DTE threshold, I closed this position for a loss of 26 cents ($26 per one lot).
New FXE August Short Straddle
On Monday, June 24th 2019, I sold this position for a credit of $2.
My profit target is 44 cents.
So I'm going to close this position, when it trades for $1.56 or at 21 DTE.
At the moment this position is up 15 cents ($15 per one lot).
New XLE August Short Strangle
On Friday, June 28th 2019, I sold this position for a credit of $1.63.
My profit target is 79 cents.
So I'm going to close this position, when it trades for 84 cents or at 21 DTE.
At the moment this position is unchanged.
Uninverting QQQ Strangle and Rolling to August
On Friday, June 28th 2019 we did hit the 21 DTE threshold, so I uninverted this strangle and rolled it out to August for a debit of $7.17.
The overall credit on this position is now $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 $7.08 ($708 per one lot).
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.
Interview with 10minutestocktrader.com
I was interviewed for the second time by the host of 10minutestocktrader.com Chris Uhl some weeks ago.
We had some big announcement to make.
Chris Uhl is a great host and I highly recommend subscribing to his channel.
He is now even on steemit.
His handle is @tenminutetrading.
Forbes Article
Several weeks ago author John Tamny quoted me in Forbes Magazine.
So please check out the article if you haven't already done so.
Stephan Haller