The week looked good until last Thursday end of the trading. Markets were slightly up which was good for our options positions set to end this Friday. I had an Iron Condor against SPX set to expire today. It was 2105/2110 calls and 2030/2035 puts. Since the market ended at $2067.56, both legs of the Continue reading →
We had a bull put spread against SPX which today became worthless and we could close it early. The trade was originally remnants of an Iron Condor we put our on October 21, 2014. The trade didn’t go well originally as our call side 1955/1960 call spread was breached when markets continued their incredible recovery Continue reading →
Tomorrow is an expiration day for weekly options. We have a few trades which are set to expire tomorrow and most of them will do so. We had an Iron Condor against SPX, but our call side of the Condor got breached and we decided to move it away in time and converted it into Continue reading →
After losses I suffered a few weeks ago due to mistakes and greed overtrading my account it looks like I was able to stop the madness and turn the tables around once again. Sometimes it happens to traders that they wipe out their accounts. Of course, this wouldn’t happen to a dividend investor as that Continue reading →
As I described in my monthly report, I am slowly building my damaged account back up taking small trades and small income every week. Last week, I opened a few trades against SPX – one bear call spread, and two Iron Condors. All expired worthless and I could keep all premium I received. I will Continue reading →
During last week and the week before I opened a few new trades against SPX, TWTR, and VMW. All of the trades against SPX & TWTR expired today for a full profit. After losses I generated during September 2014 I had to go back down from the “heavens” of my pride and basically start over. Continue reading →
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