domingo, 2 de septiembre de 2018

Options Strategy Monthly Analysis 2nd September 2018

Summer is coming to an end and so our two Put Spreads deployed at the begining of the month giving us a nice 1.839% gain to our 2018 performance.

So SPX 2018 YTD is 8.52% and Bellini is close by at 8.079%. So far so good, market is playing neutral with a bullish bias. We would need to see a bit  of selling before deploying any new Put Spread. Not feeling confident on initiating a Casll Spread either, as if market keeps going up could be painful to defend.

There is no positions opened

Planning for the week is only entering new positions is Stochastics point a bit down in nearing 50, and VIX going up to the 16s

domingo, 5 de agosto de 2018

Options Strategy Monthly Analysis 5th August 2018

Only six months ago we were talking of where the support would held the sharp fall of the SPX. Now the index is at two tics of making new highs ever.

After Friday movements SPX is looking determined to achieve 2900

We have only played Put Spreads on a very conservative way this year, and will continuo to do so. July is over and we received full premium on the PS 2555/65 SPX at 0.7 opnend 3rd july.

These week we have opened two new positions both in the August cycle. Both are 10 Delta and just four weeks to expiration.

Looking to VIX market has still room to go up, as the volatility index has room to keep falling

domingo, 3 de junio de 2018

Options Strategy Monthly Analysis June 3rd 2018

Even for a passive options seller investor is hard to find time to sit down in front of the computer and write during ten minutes over the weekend..

Markets have been up and down over last two months, giving opportunities to sell options well far out the money.

Our performance is modest but in line with SPX, however the Russell, is making great performance.

Currently have only one open trade, June 2350/2375 looking safe, not much baby sitting there, hopefully

Neeed to start looking for adding a July expiry put spread, around 2500 should be the strike.

lunes, 19 de marzo de 2018

Options Strategy Monthly Analysis 19th march 2018

A lot of volatility happened after last site entry. $VIX hiked levels not seen in years.

We start opening positions once market started moving down, however we have to adjust Mar 2630/2640 PS with a -3.529% lost.

Currently we have April 2350/2360 PS looking very safe, the idea is to close position at -0.05 and open a new April PS to cash some more premium

Momentum wise market seems a bit overbought, not the best timing to open May PUT SPREADS.

domingo, 4 de febrero de 2018

Options Strategy Monthly Analysis 4th February 2018

Finally $VIX waked up from its long lethargy.

We have been waiting to see the levels on $VIX to start opening Put Spreads, as we have been so killed by Credit Call Spreads in 2017 we were not going to play that game for a while.

We entered on Tuesday our first Credit Spread, not the best timing as we should wait a few days but if we knew the future we were alreadty retired and spending winter in Naples Florida.

We entered March 23 PS 2630/40 at 0.8, now need a bit of babysitting as Friday Risk off send this position to 23 Deltas. Still got 48 days for expiration so we would adjust once SPX closes bellow 2715.

On Friday markets sold off and we took opportunity opening February postitions both in $SPX and $RUT.

$SPX Feb 23 2560/70 at 0.5 with 10 Deltas and just 20 days for expiration and $RUT 1450/60 Feb 23 at 0.77 also at 10 Deltas. We will adjust the SPX if closes bellow 2700 and the Russell if goes beloow 1500.

We have interest on opening also a new position in April taking oportunity of high volatility. I beieve markets are having a healthy small corretion after such a storng move up.

Russell 2000

domingo, 31 de diciembre de 2017

2017 Bellini Portfolio Analysis

2017 comes to an end, and is time to review our selling options spreads strategy to creat wealth, and constant monthly returns.

The year started with a bad 1Q, -4% resul that was well managed ending 3Q with a healthy +10% YTD.
However 4Q was a terrible quarter mainly due to the strengh of the american market, and the wrong strategy of selling CALL SPREADS instead of selling PUT SPREADS.

Final result is -1.135% 2017.

If we compare the result with SPX +19.42% looks like a poor 2017 strategy.

Nonetheless we will keep selling spreads for 2018 and we will mantain our aim to be year and yar profitable at least pocketing a 10% return till retirenment.

Will keep educating in order to be able to trade as succesfull as one of my inspirations @lazytrading and recently joined his LT Options Course

Currently have no open trades for 2018, needed to recover my trading emotions after current losses. Expect a bullish 201 as well, but markets will consolidate at one point where most od my trading should be done.

martes, 31 de octubre de 2017

Monthly Portfolio Analysis 31st Octuber 2017

SPX keep going up for another moth, +2.12 % at end 30th Octuber, making selling Credit Spreads a risky business in 2017. SPX YTD +14.92% and RTY +9.86% supports the idea better strategy this 2017 has been passive investment so far.

We had to manage and protect the CS Nov30th 2575/2560, resulting in an over all lost -7.49%.

Volatiliy keeps extreamly low, not giving much opportunities for selling Put Spreads.

In an attempt to minimize the CS 2575/2600 lost we have opened

4 RUT Nov CS 1570/1580 at 0.96
3 SPX Nov PS 2425/2450 at 1.1
3 SPX Dec PS 2425/2450 at 2

We still have opened Dec 3 CS 2625/2650 looking badly with still two months to go.