Weekly Sample Portfolio Update - Week 30
Dear trading community,
here is a look at my weekly sample portfolio update for Friday, July 26th 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 5 cents at the moment, so I'm up 59 cents ($59 per one lot) on this position.
New IWM September 30 Delta Strangle
On Monday, July 22nd 2019, I sold this position for a credit of $3.71.
My profit target for this position is $1.70, so I'm going to close this position when it trades for $2.01 or at 21 DTE.
At the moment this position is down 19 cents ($19 per one lot).
Closing Inverted Strangle in TLT
My overall credit for this position was $5.00.
On Friday, July 26th 2019, I closed this position for a debit of $5.08, so at a loss of 8 cents ($8 per one lot).
New TLT September Short Strangle
On Friday, July 26th 2019, I sold this position for a credit of $1.91.
My profit target for this position is 85 cents, so I'm going to close this position when it trades for $1.06 or at 21 DTE.
At the moment this position is up 2 cents ($2 per one lot).
QQQ July Covered Put
On Friday, July 26th 2019, I rolled my short put up and out to September to the 182 strike for a credit of $1.
My basis of this position is now $165.65.
At the moment I'm down $30.64 ($3,064 per one lot).
So I have still a lot of puts to sell against this position, until I'm back to even.
Rolling SPY August Strangle into September Straddle
Since we did hit the 21 DTE threshold on Friday, I rolled this position out to September and up into a 293 short Straddle for a credit of $1.15 in order to reduce my short deltas and mitigate my gamma risk.
My overall credit for this position is $7.09.
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 $8.12 ($812 per one lot).
SPY Classic Put Diagonal
I bought this position for a debit of $2.07 on On Monday, July 15th 2019.
My profit target for this position is the price of the imbedded put credit spread (33 cents).
So I'm going to close this position when it trades for $2.40 or when the front month put expires.
At the moment this position is up 10 cent ($10 per one lot).
Rolling QQQ August Short Strangle into September Short Straddle
Since we did hit the 21 DTE threshold on Friday, I rolled this position out to September and up into a 184 short Straddle for a credit of 71 cents in order to reduce my short deltas and mitigate my gamma risk.
The overall credit on this position is now $4.62.
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 $10.03 ($1,003 per one lot).
Closing Call Ratio Spread in GLD
I sold this one for a net credit of $1.02 on Friday 12th 2019.
On Wednesday, July 24th 2019, I closed this position for a profit of 27 cents ($27 per one lot).
GLD September Short Strangle
On Wednesday, July 17th 2019, I sold this position for a credit of $2.41.
My profit target for this position is $1.20, so I'm going to close this position when it trades for $1.21 or at 21 DTE.
At the moment this position is up 95 cents ($95 per one lot).
New XLE September 25 Delta Short Strangle
On Monday, July 22nd 2019, I sold this position for a credit of $1.40.
My profit target for this position is 70 cents, so I'm going to close this position when it trades for 70 cents or at 21 DTE.
At the moment this position is up 20 cents ($20 per one lot).
New FXE September Short Straddle
On Monday, July 22nd 2019, I sold this position for a credit of $1.85.
My profit target for this position is 45 cents, so I'm going to close this position when it trades for $1.40 or at 21 DTE.
At the moment this position is down 9 cents ($9 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.
Have a great weekend,
Stephan Haller
Nice update with your portfolio lot of diversification
Thanks!
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