I closed my 840/850 BCS by buying for $0.15. Now I am open on the bull put side (750/740) which is currently selling for $0.70 and there are 2 more week for the expiration. It is still above my threshold so I don’t want to buy this back yet. With…
As I had mentioned earlier in one of the post that December is tough month for market neutral traders. I played a double diagonal IWM on December quarterly. It paid-off very nicely giving me 21.2% in about 5wks holding period. The original trade was opened for $0.20 credit/dd. Margin required/dd…
Even though this month mostly was a travel month, the returns are beautiful. December, my portfolio grew by 5.37%, bringing overall return in the past 4months, since I started tracking, to >13%. The winners for this month were my double diagonal on IWM and calendar spread on XOM. I shall…
I have collected $2177 out of possible $3100 from the RUT Jan Iron condor. That’s about 70% of total premium that I can generate by selling IC. This is app 31% profit for the Iron condor and just 3 weeks to go for the Jan expiration cycle. Some of you…
Pictured below is my Feb’07 RUT condor. It was a 20point wide condor and total credit received was $3.20 (i.e. $3.20 reward for $16.80 risk i.e 19% returns expectancy). My short strikes were 880 and 720. Currently RUT is trading at 788 and with the theta gains I have already…
After a 3 week hectic travel period I am back friends and I shall be posting the trades of the month soon. So far this has been a great month. Stay tuned.
I took advantage of today’s market drop and the rise in volatility. Though my original plan was something else, due to this sudden market drop I closed this trade for beautiful 16.36% profit for holding less then 1 month. Here are the closing trade details: