Weekly Sample Portfolio Update - Week 40
Dear trading community,
Here is a look at my sample portfolio for Friday October 4th 2019.
Rolling IWM November 30 Delta Strangle into Straddle
On Tuesday, September 24th 2019, I sold this position for a credit of $4.22.
This time only half the size, since IVR was low.
On Wednesday, October 2nd 2019, I had to roll down my call for a credit of $3.55, since my short put got hit.
My overall credit for this position is now $7.77.
My profit target for this position hasn't changed, it is still $1.92, so I'm going to close it, when it trades for $5.85 or at 21 DTE.
At the moment this position is down 35 cents ($35 per one lot).
IWM November Short Call
On Friday, August 23rd 2019, I sold this call for a credit of $4.53.
On Thursday, September 26th 2019, I rolled it up to the 147 strike and out to November for a credit of 69 cents.
My overall credit for this position is $5.22.
No specific profit target, since this is a vega hedge.
At the moment this position is down 13 cents ($13 per one lot).
TLT November 30 Delta Strangle
On Friday, September 27th 2019, I sold this position for a credit of $2.87.
My profit target for this position is $1.21, so I'm going to close it, when it trades for $1.66 or at 21 DTE.
At the moment this position is down 30 cents ($30 per one lot).
SPY November Aggressive Short Delta Strangle
On Friday, September 27th 2019, I sold this position for a credit of $9.71.
My profit target for this position is $3.50, so I'm going to close it, when it trades for $6.21 or at 21 DTE.
At the moment this position is up $1.59 ($159 per one lot).
QQQ November Synthetic Covered Put
My synthetic basis on the covered put is $182.06, I have collected enough in credit in this position to have the chance to be profitable.
We'll see how and if this will work out.
Rolling GLD November 30 Delta Strangle into a Straddle
On Monday, September 23rd 2019, I sold this position for a credit of $3.25.
On Wednesday, October 2nd 2019, I had to roll down my call for a credit of $1.71, since my short put got hit.
My overall credit for this position is now $4.96.
My profit target for this position is hasn't changed, it is still $3.16, so I'm going to close it, when it trades for $1.80 or at 21 DTE.
At the moment this position is down 44 cents ($44 per one lot).
FXB November 30 Delta Strangle
On Monday, September 23rd 2019, I sold this position for a credit of $2.07.
My profit target for this position is $1, so I'm going to close it, when it trades for $1.07 or at 21 DTE.
At the moment this position is up 85 cents ($85 per one lot).
Rolling XLE November 30 Delta Strangle into a Straddle
On Friday, September 27th 2019, I sold this position for a credit of $1.86.
On Wednesday, October 2nd 2019, I had to roll down my call for a credit of $1.45, since my short put got hit.
My overall credit for this position is now $3.31.
My profit target for this position is hasn't changed, it is still 81 cents, so I'm going to close it, when it trades for $2.50 or at 21 DTE.
At the moment this position is up 1 cent ($1 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
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.
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