Weekly Sample Portfolio Update - Week 33 and 34

in steemleo •  last year 

Dear trading community,

I did not find enough time to post a sample portfolio update last week.
So here is a look back to my sample portfolio of last week and this week.

Week 33 - Friday August 16 2019:

Inverted Strangle in IWM

01. Inverted IWM Strangle - down $2.93 - 16.08.2019.png

source:tastyworks

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 $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 $2.93 ($293 per one lot).


Closing Aggressive Short Delta Strangle in IMW

01. Closing IWM Aggressive Short Delta Strangle profit $1.80 - 14.08.2019 copy.png

source:tastyworks

On Monday, August 5th 2019, I sold this position for a credit of $6.14.
On Wednesday, August 14th 2019, I closed it for a profit of $1.80.

IWM September Short ATM Call

02. IWM Short Call - 82 cents - 16.08.2019.png

source:tastyworks

To keep my short deltas in IWM, I sold this one for a credit of $3.97.
Since this is a delta adjustment, I don't have a special management target.
At the moment this position is down 82 cents ($82 per one lot).

TLT Inverted Short Strangle

03. TLT inverted Strangle - down $7.68 - 16.08.2019.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 $7.68 ($768 per one lot).


SPY September Straddle

04. SPY Straddle - down $1.39 - 16.08.2019.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 $1.39 ($139 per one lot).

Closing SPY Skewed Strangle

03. Closing SPY Skewed Short Strangle - profit $2.18 - 14.08.2019.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 was $10.12.
On Wednesday, August 14th 2019, I closed it for a profit of $2.18 ($218 per one lot).

SPY September Call Ratio Spread

04. SPY Call Ratio Spread - credit $3.33 - profit target $1.83 - closing price $1.50 - 14.08.2019.png

source:tastyworks

I sold this one for a net credit of $3.33 on Wednesday, August 14th 2019, to keep my short deltas.
My profit target is 25% of max profit ($1.83 cents), so I'm going to close this position, when it trades for $1.50 or at 21 DTE.
At the moment this position is down 76 cents ($76 per one lot).


QQQ Synthetic Covered Put

06. QQQ Synthetic Covered Put - down syntheticaly $11.03 - 16.08.2019.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 synthetically down $11.03 ($1,103 per one lot).
Coming back...

QQQ September Short Straddle

07. QQQ 184 Straddle - down $1.70 - 16.08.2019.png

source:tastyworks

The overall credit on this position is $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 $1.70 ($170 per one lot).

QQQ September Call Ratio Spread

08. QQQ Call Ratio Spread - down 64 cents - 16.08.2019.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 64 cents ($64 per one lot).


GLD September Call Ratio Spread

09. GLD Call Ratio Spread - down $3.62 - 16.08.2019.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 $3.62 ($362 per one lot).

Defending XLE September 25 Delta Short Strangle

10. XLE inverted Strangle - 87 cents - 16.08.2019.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.
On Thursday, August 15th 2019, I had to roll down my call further for a net credit of $1.52 and go inverted.
My overall credit on this position is now $4.95.
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 $4.25 or at 21 DTE.
At the moment this position is down 87 cents ($87 per one lot).

FXE September Short Straddle

11. FXE Straddle - down 13 cents - 16.08.2019.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 down 13 cents ($13 per one lot).


Now let's have a look at week 34.

Week 34 - Friday August 23 2019:

Inverted Strangle in IWM

01. IWM Inverted Strangle - down $4.19 - 23.09.2019.png

source:tastyworks

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 $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 $4.19 ($419 per one lot).


Closing IWM Short Call

01a. Closing IWM short call - profit $1.13 - 23.08.2019 copy.png

source:tastyworks

On Wednesday, August 14th 2019, I sold this position for a credit of $3.97.
On Friday, August 23rd 2019, I closed it for a profit of $1.13 ($113 per one lot).

New October IWM Short Call

01b. New IWM Short ATM Call - credit $4.53 - 23.08.2019.png

source:tastyworks

In this high IV environment, you gotta keep short deltas, so on Friday, August 23rd 2019, I sold this call for a credit of $4.53.
No special profit target.

TLT Inverted Short Strangle

02. TLT Inverted Strangle - down $7.59 - 23.08.2019 .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 $7.59 ($759 per one lot).


Scratching SPY September Straddle

03. Scratching SPY Straddle - 20.08.2019 copy.png

source:tastyworks

On Tuesday, August 20th 2019, I was able to scratch this trade. No profit, no loss

Closing SPY September Call Ratio Spread

04. Closing SPY Ratio Call Spread - Profit  84 cents - 23.08.2019 copy.png

source:tastyworks

I sold this one for a net credit of $3.33 on Wednesday, August 14th 2019, to keep my short deltas.
On Friday, August 23rd 2019, I closed it for a profit of 84 cents ($84 per one lot)


New October SPY Aggressive Short Delta Strangle

05. New SPY October Aggressive Short Delta Strangle - credit $10.03 - profit target $3.56 - closing price $6.47 - 23.08.2019 .png

source:tastyworks

On Friday, August 23rd 2019, I sold this position for a credit of $10.03.
My profit target for this position is $3.56, so I'm going to close this strangle when it trades for $6.47 or at 21 DTE.

Rolling QQQ Synthetic Covered Put to October

07. Rolling QQQ Syntehtic covered put credit $1.18 - 23.08.2019.png

source:tastyworks

07a. QQQ Synthetic Covered Put 70 Short Delta - Synthetic Stock Price $178.97 - loss on stock $36.88 - credit an all options $33.97 - locked in loss at the moment $2.91 - 23.08.2019.png

source:tastyworks

On Friday, August 23rd 2019, I rolled this position out to October for a credit of $1.18.
I also rearranged the calls and the put to get 70 short deltas.

My synthetic basis on the covered put is now $178.97, so I have to collect $2.91 more in credit on this position, until I can break even.


Rolling QQQ September Short Straddle to October

08a. New October QQQ Straddle - credit $11.54 - 23.08.2019.png

source:tastyworks

On Friday, August 23rd 2019, I rolled this position out to October for a credit of $3.35.
The overall credit on this position is $11.54.
Since I'm in full defense mode on this position, I'm looking for a scratch in this position or maybe a small profit.


Closing QQQ September Call Ratio Spread

06. Closing QQQ Ratio Spread - 71 cent profit - 23.08.2019 copy.png

source:tastyworks

I sold this one for a net credit of $1.58 on Monday, August 5th 2019.
On Friday, August 23rd 2019, I closed this position for a profit of 71 cents ($71 per one lot).


GLD September Call Ratio Spread

09. GLD Call Ratio Spread - down $4.63 - 23.08.2019.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 $4.63 ($463 per one lot).

New October GLD 30 Delta Strangle

10. New GLD October 30 delta strangle - credit $3.33 - profit target $1.60 - closing price $1.73 - 23.08.2019.png

On Friday, August 23rd 2019, I sold this position for a credit of $3.33.
My profit target for this position is $1.60, so I'm going to close this strangle when it trades for $1.73 or at 21 DTE.

XLE Inverted Strangle

13. XLE Inverted Strangle - down $1.18 - 23.08.2019 .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.
On Thursday, August 15th 2019, I had to roll down my call further for a net credit of $1.52 and go inverted.
My overall credit on this position is now $4.95.
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 $4.25 or at 21 DTE.
At the moment this position is $1.18 ($118 per one lot).

Closing FXE September Short Straddle

11. Closing FXE Straddle - 2 cent winner - 23.08.2019 copy.png

source:tastyworks

On Monday, July 22nd 2019, I sold this position for a credit of $1.85.
On Friday, August 23rd 2019, I closed this position for a small profit of 2 cents ($2 per one lot).

New October FXB Short Straddle

12. New FXB October Straddle - credit $4.30 - profit target $1 - closing price $3.39 - 23.08.2019 .png

Since IVR in the British pound is higher at the moment as in the Euro currency, I sold this position for a credit of $4.39.
on Friday, August 23rd 2019.
My profit target for this position is $1, so I'm going to close this strangle when it trades for $3.39 or at 21 DTE.

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

P.S. Probably no update for the next two weeks.



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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