Weekly Trade Update - Week 24
Hi Steemians,
here are my weekly trade updates for September 14th, 2018.
GLD Short Straddle in October
I collected $3.42 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (86 cents).
So I'm going to close this position when it trades for $2.56 or at 21 DTE.
At the moment this position is up 70 cents ($70 per one lot).
October Short Straddle in TLT
I collected $3.11 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (78 cents).
So I'm going to close this position when it trades for $2.33 or at 21 DTE.
At the moment this position is down 28 cents ($28 per one lot).
October Straddle in FXE
I collected $2.43 for this straddle.
Today I closed it right at 25% of max profit.
A nice $60 winner.
October Straddle in XLE
I collected $3.53 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (88 cents).
So I'm going to close this position when it trades for $2.65 or at 21 DTE.
At the moment this position is up 57 cents ($57 per one lot).
October 30 Delta Strangle in IWM
I collected $3.30 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.65 cents).
So I'm going to close this position when it trades for 1.65 cents or at 21 DTE.
At the moment this position is up $1.30 ($130 per one lot).
Skewed Short Strangle in QQQ
I collected $2.86 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.43 cents).
So I'm going to close this position when it trades for $1.43 or at 21 DTE.
At the moment this position is up 78 cents ($78 per one lot).
QQQ Short Call Spread in October
I collected $7.60 for this credit spread.
At the moment this position is down $2.14 ($214 per one lot).
This position is a hedge against my short vega risk, so whatever the market will do in the next few weeks, I will decide, wether I'm going to keep this position or if I'm going to close it at some time.
Short SPY Call Spread in October
I collected $3.93 for this credit spread.
In order to make up for my previous loss of $2.79 in the SPY BWB in September, I need this position to trade for $1.14 or lower.
At the moment this position is down 15 cents ($15 per one lot).
Book Update
I worked a lot during the last week on the design, made minor improvements and did lots of proof reading.
I'm almost ready to publish.
Monday will be the day, when I publish it on Amazon and Apple iBooks.
It should be ready for downloading at latest by the end of next week.
I'll keep you posted.
Have a great trading day,
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.