Weekly Sample Portfolio Update - Week 32

in #steemleo5 years ago

Dear trading community,

here is a look at my weekly sample portfolio update for Friday, August 9th 2019.

Going inverted in IWM

01. IWM inverted Strangle - down $2.72 - 09.08.2019.png

source:tastyworks

On this position I got whipsawed this week.

On Wednesday, July 31st 2019, I had to roll up my put into a straddle for a credit of $2.35, since my short call got hit. Because of the following sell off I had to defend the position again by rolling down my call for a credit of $2.86 and go inverted.
On Monday, August 5th 2019, I had to roll down my call again for a credit of $2.22.
My overall credit for this position is now $11.14.
My profit target for this position hasn't changed, it is still $1.70, so I'm going to close this position when it trades for $9.44 or at 21 DTE.
At the moment this position is down $2.72 ($272 per one lot).


New Aggressive Short Delta Strangle in IMW

02. IWM Aggressive Short Delta Strangle - up 40 cents - 09.08.2019.png

source:tastyworks

On Monday, August 5th 2019, I sold this position for a credit of $6.14.
My profit target for this position is $2, so I'm going to close this position when it trades for $4.14 or at 21 DTE.
At the moment this position is up 40 cents ($40 per one lot).

Going inverted in TLT September Short Straddle

03. TLT inverted strangle - down $3.67 - 09.08.2019.png

source:tastyworks

On Friday, July 26th 2019, I sold a strangle for a credit of $1.91.
On Thursday, August 1st 2019, I had to roll up my put into a straddle for a credit of $1.22, because my deltas got too short.
On Monday, August 5th 2019, I had to roll up my put again and go inverted to the 138 strike for a credit of $1.52.
My overall credit for this position is now $4.65.
Since the most I can make on this position is 65 cents, I'm looking for a scratch, so I'm going to close this position when it trades for $4.65 or at 21 DTE.
At the moment this position is down $3.67 ($367 per one lot).


SPY September Straddle

05. SPY Sep 293 Straddle - down $2.23 - 09.08.2019.png

source:tastyworks

My overall credit for this position is $10.56.
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 $2.23 ($223 per one lot).

Selling SPY ATM Call and 16 Delta Put (later)

06. SPY Skewed Short Strangle - down 69 cents - 09.08.2019.png

source:tastyworks

On Monday, August 5th 2019, I sold an atm call for a credit of $7.71 and since the market kept selling off, I added a short 16 delta put for a credit of $2.41
My combined credit on this position is $10.12.
My profit target for this position is $3, so I'm going to close this position when it trades for $7.12 or at 21 DTE.
At the moment this position is down 69 cents ($69 per one lot).



Replacing QQQ July Covered Put with Synthetic Covered Put

04. QQQ Synthetic Covered Put - basis = loss $4.09 - down $24.15 - 09.08.2019.png

source:tastyworks

Since IV exploded this week, I replaced this covered put with a synthetic covered put (more on this strategy in this article) by buying back my short stock and selling two atm calls.
06. Replacing QQQ Short Stock with 2 50 delta calls - 05.08.2019.png

source:tastyworks

I collected $12.14 in credit for the two atm calls.

My synthetic basis on the covered put is now $177.79, so I have to collect $4.09 more in credit on this position, until I can break even.

At the moment I'm down $24.15 ($2,415 per one lot).
So I have still a lot of puts to sell against this position, until I'm back to even.

QQQ September Short Straddle

07. QQQ Straddle - down $2.85 - 09.08.2019.png

source:tastyworks

On Monday , August 5th 2019, I sold another one lot of this straddle for a credit of $11.56.
The overall credit on this position is now $8.09.
Since I'm in full defense mode on this position, I'm looking for a scratch in this position or maybe a small profit.
At the moment this position is down $2.85 ($285 per one lot).

New QQQ September Call Ratio Spread

09. QQQ Ratio Call Spread - down $1.67 - 09.08.2019.png

source:tastyworks

I sold this one for a net credit of $1.58 on Monday, August 5th 2019.
My profit target is 25% of max profit ($1.64 cents), so I'm going to close this position, when it trades for a credit of 6 cents or at 21 DTE.
At the moment this position is down $1.67 ($167 per one lot).


GLD September Call Ratio Spread

10. GLD Call Ratio Spread - down $2.78 - 09.08.2019.png

source:tastyworks

I sold this one for a net credit of $1.26 on Thursday, August 1st 2019.
My profit target is 25% of max profit (90 cents), so I'm going to close this position, when it trades for 71 cents or at 21 DTE.
At the moment this position is down $2.78 ($278 per one lot).

Defending XLE September 25 Delta Short Strangle

08. XLE Straddle - down 17 cents - 09.08.2019 .png

source:tastyworks

On Monday, July 22nd 2019, I sold a strangle for a credit of $1.40.
On Monday, August 5th 2019, I had to roll down my call into a straddle for a credit of $2.03.
My overall credit on this position is now $3.43.
My profit target for this position hasn't changed, it is still 70 cents, so I'm going to close this position when it trades for $2.73 or at 21 DTE.
At the moment this position is down 17 cents ($17 per one lot).

FXE September Short Straddle

11. FXE Straddle - up 10 cents - 09.08.2019.png

source:tastyworks

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 up 10 cents ($10 per one lot).

Closing Aggressive Short Delta Strangle in SPY

08. Closing SPY Aggressive Short Delta Strangle - profit $2.22 - 05.08.2019 copy.png

source:tastyworks

On Thursday, August 1st 2019, I sold this position for a credit of $9.12.
On Monday, August 5th 2019, I closed it for a profit of $2.22 ($222 per one lot).

Books Update

With the completion of my latest book, I have now a trilogy.
Cover.jpg

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.
Cover (schwarz) klein.png


My third book is available on Amazon, Google and iTunes.

Cover Strategy Lessons klein.tiff

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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