domingo, 1 de noviembre de 2015

Weekly Portfolio Analysis 2nd november 2015

SPX made a stong move up after FED words and end the week falling a bit makeing a +0.20% week, while RUT fall -0.36%

As SPX kept on the raise I decised to adjust th call spred Dec15 2155/65 for a lost 1.9 (Sold this for 0.8 credit October 8th.) So 1.1 lost here, the Delta was at 20 but was not happy with the state of the bull force so wanted to close it before getting in real trouble. 

So YTD the SP500 is up +0.20%, Russell 2000 is down -3.56% and our Bellini portfolio is up just +4.8557%.

I am convinced to open a new Dec15 Iron Condor to offset most of the lost, and try to safe the year with an OK result. So aiming to get a 0.80 premium on 2200/2210 1870/1880 IC.

I also opened fris new position on 2016, a CCS Jan16 SPX 2230/2240 for 0.80 with a 6 Delta

So currently positions look now safe over 90% probability of ending out of the money.

November, with 20 days left, we got SPX 1560/1570 no concern, and RUT 1240/1250 looking good at Delta 4 and index current 1161 level.

December, with 49 days left after the adjustment is left with IC Russell 930/40 1270/80 and Delta 3.

January, 77 days left SPX 2240/30 and Delta 6, still too long in time to know how would it work.

VIX is showing low volaitility and would not be surprise to see bouncing up a bit next weeks

SPX is overbought and would make a rest soon, for the time being it looks very stong and ready to get to all time highs

On the other hand Russell 2000 has been lagging behind and trading bellow resistance at 1180

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