Weekly Sample Portfolio Update - Week 29
Dear trading community,
here is a look at my weekly sample portfolio update for Friday, July 19th 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 18 cents at the moment, so I'm up 72 cents ($72 per one lot) on this position.
Closing IWM August 30 Delta Short Strangle
On Monday, June 24th 2019, I sold this position for a credit of $3.70.
On Monday, July 15th 2019, I closed it for a profit of $1.70 ($170 per one lot).
Inverted Strangle in TLT
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 43 cents ($43 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 $27.14 ($2,714 per one lot).
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 $5.99 ($599 per one lot).
New SPY Classic Put Diagonal
IV is pretty low at the moment, therefore 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 down 1 cent ($1 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 $7.35 ($735 per one lot).
Call Ratio Spread in GLD
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.
At the moment this position is down 17 cents ($17 per one lot).
New 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 down 12 cents ($12 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