Dear trading community,
Here is a look at my sample portfolio for Friday December 13th 2019.
Inverted IWM Short Strangle
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.
On Friday, October 25th, 2019, I rolled it up to the 148 strike and out to December expiration and also added a short 148 put to reduce my short deltas.
On Friday, November 8th, 2019, my deltas got too short, so I rolled up my put into an inverted strangle for a credit of $1.22
My overall credit for this position is now $8.47.
No specific profit target, since this is all in defense mode.
At the moment this position is down $6.99 ($699 per one lot).
This position is close to getting assigned short stock, but since it is only a one lot, I will take assignment and sell a put against it.
IWM January Short Straddle
On Tuesday, December 3rd 2019, I sold this position for a credit of $8.12.
My profit target for this position is $1.79, so I'm going to close it, when it trades for $6.33 or at 21 DTE.
At the moment this position is up 59 cents ($59 per one lot).
TLT January Short Straddle
On Tuesday, December 3rd 2019, I sold this position for a credit of $4.85.
My profit target for this position is $1.10, so I'm going to close it, when it trades for $3.75 or at 21 DTE.
At the moment this position is up 95 cents ($95 per one lot).
QQQ January Synthetic Covered Put
On Monday, December 2nd 2019, I rolled this position up and out for a credit of $0.49.
My synthetic basis on the covered put is now $184.98, 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.
Closing GLD January Short Straddle
On Tuesday, December 3rd 2019, I sold this position for a credit of $4.25.
On Friday, December 13th 2019, I closed it at a profit of 95 cents ($95 per one lot).
Rolling up put in FXB January 30 Delta Short Strangle into a Short Straddle
On Monday, November 18th 2019, I sold this position for a credit of $2.02.
On Friday, December 13th 2019, FXB had a big up move after the British election, so I rolled up my put into a short straddle for a credit of 68 cents.
My overall credit on this position is now $2.70.
My profit target for this position hasn’t changed. It is still 85 cents, so I'm going to close it, when it trades for $1.85 or at 21 DTE.
At the moment this position is down 12 cents ($12 per one lot).
XOP January Short Straddle
On Tuesday, December 3rd 2019, I sold this position for a credit of $2.15.
My profit target for this position is 40 cents, so I'm going to close it, when it trades for $1.75 or at 21 DTE.
At the moment this position is down 7 cents ($7 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.