Category Option Trades

With IVR of Pepsi still above 50 (pepsi posted earnings last week), I am opening a new position in this stock. I am selling a strangle with Exp Day 16/12, strikes 155 Put and 185 Call, giving a net credit of $3.59 This position is complete delta neutral and adds a daily theta of $8 bringing the portfolio theta total at $176. Looking forward to…

Buying To Close the $NFLX 21/10 Iron Condor 185/190 275/280 for a net profit of $0.64, giving an Ann ROC of 243% #tradingoptions #optionstrading #cashflow #sellingpremium #tocf #options #nakedputs #sellingputs #strategy

Here is the link to the updated version of the excel spreadsheet I use to keep my journal for my options trading. You can adapt it as you like. Explanations are on on our website : Don’t hesitate to provide me some feedback here or there if you have suggestions to improve the spreadsheet.

I am sharing my portfolio situation and its evolution transparently every two weeks with all my patreons. It had been a moving 2 weeks. Below you find my portfolio parameters. Tastytrade portfolio : delta/theta ratio (27/53) = 1:2 Mexem portfolio : delta/theta ratio (39/115) = 1:3 I have currently 23 open positions; in NFLX, AAPL, SNAP, LYFT, XBI, MARA, QQQ, PINS, XLU, AMD, XLE, MU,…

I don’t expect a large and quick rebound in the coming weeks. So I will try to keep my deltas neutral as much as possible. I have adjusted my SMH and XLU strangle by rolling the call down, collecting more premium (especially with these high IVR this looks interesting), and lowering the directional risk. In my excel overview this looks like this : Don’t hesitate…

Last week was a very strange moving week, with the two day rally in the beginning of the week and then the crash-like drop on Friday.  $AMD Negative news for AMD with a decreased demand and a warning for earnings, made the stock drop to 58 after being up to 70 the day before. My position in AMD at the start of the week was…

I am still looking to add some new theta to my overall portfolio theta. With an IVR of 81.5 XLU, the Utilities Index ETF, was an interesting stock to open a new position. I have sold the strangle 61 P and 74 C with exp 18/11 for $1.02 adding $3.2 theta with a neutral delta. The PoP is 74 % Indexes make interesting strangles when…

Today I am selling a short strangle XBI with 67P/97C with exp date 18 Nov for $2.18 credit, adding $7.3 positive theta.  I am really working towards my portfolio theta goals of 0,3 % of Net Liq or about $150 theta).  XBI is trading at $82.3 and the new position has a small short delta (Beta weighted to the SPY $ -0.91).

Short strangle 95P/155C, exp 18/11 for $2.59 credit. Boeing is trading at $126 today after rising 4,5 % today. Because of the earnings call 26/10, I am aiming to take profit before that date. This positions gives 2.5 short delta, and $10 positive theta to my portfolio. If any questions, just ask!

I need to add more theta this week to my portfolio with a slight short delta. Today I am adding a short strangle in MU, 40P-60C, exp date 18 Nov, receiving $1.43. This trades adds $5 daily decay and has a Beta weighted (SPY) delta of -2,25. MU was up 3,75% to a stock price of 52. There is no earnings call before december. It…