New Trades:
Sell to Open GDX Sep 44 Put $1.30 1 $130 19/7/2010
Sell to Open EWZ Sep 56 Put $1.44 1 $144 19/7/2010
Sell to Open XLE Sep 48 Put $1.34 1 $134 19/7/2010
Sell to Open IYR Sep 44 Put $1.32 1 $132 19/7/2010
Sell to Open UNG Sep 8 Call $0.45 3 $135 19/7/2010
Sell to Open EEM Sep 37 Put $1.30 1 $130 19/7/2010
Sell to Open FXI Sep 37 Put $1.14 1 $114 19/7/2010
Sell to Open ES Aug 1040 Put $21 1 $1050 19/7/2010
Sell to Open ES Aug 1050 Put $24.25 1 $1212 19/7/2010
Sell to Open IWM Aug 64 Put $1.11 2 $222 19/7/2010 (stock repair)
Buy to Open IWM Aug 61 Put $2.54 1 $254 19/7/2010 (stock repair)
Ongoing trades:
Sell to Open XLE Dec 53 Put $4.50 1 $450 23/2/2010
Sell to Open IWM Dec 66 Put $3.56 1 $356 23/4/2010
Sell to Open IYR Jan 46 Put $3.05 1 $305 12/4/2010
Sell to Open SPY Dec 109 Put $4.30 1 $430 12/4/2010
Sell to Open FXI Aug 38 Put $1.44 1 $144 16/4/2010
Sell to Open XLF Sep 15 Put $0.47 3 $141 16/4/2010
Sell to Open EWZ Sep 60 Put $2.03 1 $203 21/4/2010 (modified ratio put spread)
Sell to Open IWM Sep 64 Put $1.86 1 $186 23/4/2010 (modified ratio put spread)
Sell to Open GDX Sep 38 Put $1.34 1 $134 5/4/2010 (modified ratio put spread)
Sell to Open XLE Sep 50 Put $1.18 1 $118 5/4/2010 (modified ratio put spread)
Sell to Open EEM Sep 38 Put $1.27 1 $127 5/4/2010 (modified ratio put spread)
Old Trades:
Sell to Open XLE Jul 50 Put $2.20 1 $220 24/5/2010 (expired worthless)
Sell to Open IYR Jul 45 Put $2.10 1 $210 24/3/2010 (expired worthless)
Sell to Open UNG Jul 8 Call $0.38 3 $114 23/4/2010 (expired worthless)
Sell to Open IWM Jun 67 Put $1.23 1 $123 16/4/2010 (assigned 100 shares)
Jul cash in/out: -$5975
been trading options 6 months
ReplyDeleteim finding it difficut to follow your cash in/out profit /loss
what would you estimate percentage profit for twelve month period
my strategy is based on not allowing any stock be put to me using the roll to avoid
have you found using the mod. ratio put gives a better return to straight put selling
Anonymous,
ReplyDeleteI also have commented on his use of cash in/out reporting. Kinda scary at times. I wish he would set up a Google Doc (spreadsheet) with tabs - one to show his monthly account balance so as to judge his performance
- the other tab to show his current stock positions and cost.
whenever he is assigned a stock/ETF it shows a large cash outlay, but the effect on his portfolio is offset with the actual value of the stock/ETF.
Maybe just a simple +/- Portfolio change would help smooth out the changes from month to month.
Monk
UK,
ReplyDeleteWow, I leave for a few months and your strategy has really morphed from KISS to very challenging to understand.
Selling puts with the simple outcome of being assigned the ETF at the strike price or hanging onto the premium collected is a relatively easy methodology to follow.
Should you be assigned you have in the past:
- sold the ETF right away or shortly thereafter
- sold a call to create a covered call strategy
Now it seems you are employing additional methods.
Plus you use to almost always sell options two months out. Now I see options for all sorts of months.
Why the change?
Was the basic methodology not working?
Why are you selling such varying long dated options?
Monk
hi anonymous,
ReplyDeletesorry for my late reply. using roll is definitely and thats what many people do in fact. the fact that i am trading ETFs is because i can get to keep the ETF if i have to and wait for a suitable time before the next strategy. especially if you are trading futures or futures options, you will have no choice of keeping the futures once the expiry date comes. hence got to roll no matter what, :)
i personally find keeping the cash in cash out method good but i agree that it can be scary to people not familiar with what i am doing. as margin is sometimes involved, people might not be able to fully understand the implications behind the monthly profit/loss thing then. hope you understand.
hi MM,
thanx for writing again. :)
those strategies are already with me but no chance to really use them yet. of course the basic stuff still works but facing with the recent lerthagy markets modications could be made to better accomodate it and in a way to trap the market. :)
hope that helps!
cheers
uktank
just started using bull put spreads
ReplyDeletewhats your impression of them
hi anonymous,
ReplyDeletesorry for the late reply as my pc crashed few weeks ago..
bull put spread on ETFs, not sure if you will get sufficient premium out of it. if used on futures, should have enough premium while limiting your risk.
rgds