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.

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.

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

Weekly Portfolio Analysis 2nd September 2017

August is over, no harm in the markets despite a promising star, when  $VIX  woke up for a bit, opportunity took to open positions that are starting to pay off now.

Last Friday we received full premium on the Aug Iron Condor  2550/2525/2325/2300, adding a nice 2.87% to 2017 YTD results.

So far, positions opened are looking good, looking to add Put Spreads both Octuber  and November if on the following days we see a short term over sold in the SPX

Weekly Portfolio Analysis 12th August 2017

As we were saying last weekend August is a month of historically high volatility, and the Thursday sell off backed the records.

$VIX woke up from the lows and reached a nice 17 mark, opportunity to start opening new positions even I would have love to see the momentum indicators a bit more oversold.

I entered 3 new Spreads, two PS and and one  CS

PS $SPX 3 Aug31 2300/2325 @ 1.6
PS $SPX 3 Sep29  2275/2300 @ 2
CS $SPX 3 Oct31  2575/2600 @ 1.8

Weekly Portfolio Analysis 6th August 2017

My market memories of the month of August are similar to Octuber, months were volatility heats up and market corrections spreads all over the world.

Its true $VIX is still low, but at least is over 10 now, and there is many days left yet till the end of the month.

Our 2017 performance  +2.03% is well bellow what the $SPX is showing +10.63% but not that far from what the Russell 2000 is showing just up +4.07% YTD.

Looking at our standing positions, we have two Bear Call Spreads one for August one for September both at 10 Deltas looking OK

Weekly Portfolio Analysis 17th June 2017

Not much activity lately, SPX is moving in a narrow range, not sure where it will go, but the bullish market is as strong as last 12 months.

The reason I have not opened any new position is the low premium I would get, we are in a very low Volatility environment.

Just one trade opened, which I will receive maximum premium in 2 weeks time. Will wait to see a bit of volatility before thinking on selling spreads.