Weekly Sample Portfolio Update - Week 28
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
not an expert in that but good to learn something new
Thanks! Check out my books, it is all in there.
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