domingo, 20 de marzo de 2016

Weelky Portfolio Analysis 20th March 2016

FOMC added more bull sentiment into the market and another consecutive positive week ending in green. I lost the count how many green weeks in a row we had, althogu we are on an extream overbought condition markets don´t pay attention to the indicators are keep going up. According to my charts we are near price action resistant at 2060/2080 ish. If 2080 is broken adjustment on my Call Spreads will be needed in order to not get on serious danger.

SPX went up 1.35% over the week entering in positive YTD 2016 at +0.28%. Russell 2000 is down -3.10% YTD and Bellini is down -4.18% after we get full premium from the PS 1745/55 SPX March expiration.

We closed 2 May SPX PS 1475/1500 at 0.35 adding some value to our 2016 YTD as well.


We entered a new July30th position Call Spread 2 SPX 2200/2250 at 2.5, now is 12 Deltas and 131 days left for Expiry.

We still hold 5 SPX April 1690/1700 at 99% of ending worthless and the June30th Call Spread 2 SPX 2175/2200 that at 13 Deltas need our attention this week case is is threaten, just 6% away from current levels.

VIX is at 14 low enough to see some support here and help SPX get some rest.


SPX is getting at resistance on the 2060/2080 area as it is on its way on one of the last stongests move up ever.


@bellinimarkets

sábado, 12 de marzo de 2016

Weekly Portfolio Analysis 12 March 2016

Draghi did the whatever it takes again, So here we are on a bullish market mood again and SPX only -1.11% YTD, while the Russell 2000 is down -4.26% 2016. Bellini portfolio is down -6.53% YTD.


Past week we sold the 2 SPY April 202 for a 2.78 credit peroption adding 0.88%.
Next week we will cash in the PS Mar 1745/55 adding +1.3% yield to  our portfolio.

Open positions are:

5 SPX PS April 1690/1700 at 0.75 with 10 Deltas and 90% probability of success. 15% out of the Money and 26 days left for expiration.

2 SPX PS 30th May 1475/1500 at 1.95 with 0.1 Deltas 99% probability of success will try to close this week to liberate margin.

2 SPX PS 30th June 2175/2200 at 1.9 with 10 Deltas and 90%  probability of success  7.2% OTM.


For the week I might add a CS on May as well as adding a June PS on 10 Deltas.

Happy Trading