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

 https://ltoptions.com


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.





sábado, 30 de septiembre de 2017

Monthly Portfolio Analysis 30 September 2017

Summer is officialy over, and although I was waiting for a rise in volatility and a mini sell off the truth is markets didn't take my advice and here we are at hew highs ever.

Markets are still doing great  SPX YTD 12.53% and RTY is up +9.85%. Bellini is doing well, +10.304% after adding 4.23% on the last 4 weeks.



We received maximum Premium on Put Spread 2275/2300 and we closed two Credit Spreads  Sep 2550/2575 at 0.4 and Oct 2575/2600 at 0.35.

We have also opened new spreads for November and December cycles.


Latest movement up at 2519 is getting in trouble CS Nov30 2575/2600. we  have also opened PS at 2350/75 to help protect the CS.


Volatility is at its lows once again, supporting the idea of a stop and breath to the market