Option and Futures Trade Portfolio and Historic Trades
Current Option Trade Commentary
SPY Options Update: SPY closed at $601.78. We're watching the tariff fallout closely and may initiate risk management near $580. Quick recap: We initially bought a $590 put, sold $580 & $560 puts (Feb 21st expiry), netting $45. We then sold the $590 put for $295, totaling $340 credit. Now, we're short the $580 & $560 puts, targeting $340 profit if they expire worthless. Time decay ("theta") is our friend here. $255 in time value remains. Risk management: Conservative (close $580 put for $190 ) or Active (hold $580, roll to $560 March expiry if SPY hits $590). I'm going with active management, watching SPY closely due to tariff volatility.
XSP Short Put Update: XSP closed at $603.79. We're monitoring the tariff situation, but our February $550 short puts look safe for now. Quick recap: We sold these mini S&P 500 puts on January 3rd for a cool $300 premium. They're now worth $40, putting us $260in the green! If XSP stays above $550 by February 21st, we keep the full $300. We're holding tight for now, but those tariffs could stir things up. We'll be watching the market closely this week.
TLT Short Put Update: TLT at $88.43. We sold the $84 put (Feb 21st expiry) for $108 premium (breakeven $82.92). Our initial goal was assignment (buying TLT at $84), but with TLT above $84, that's less likely. New plan: Let it ride! If TLT stays above $84, we pocket the $108. We might not get the shares, but we're still set for a win.
EUR/USD Short Put Update: The Euro is at 1.0383 against the dollar. We're sitting pretty on our March 7th put option (strike 1.0000) after collecting a juicy $488 premium! If the EUR/USD stays above parity, it expires worthless and we keep the whole chunk of change. If it drops below, we might be assigned (buying EUR/USD at 1.0000).
Learn by Example
By observing our trades, you can gain valuable insights into:
Trade selection: How we identify potential setups based on technical and fundamental analysis.
Entry and exit strategies: Our approach to timing and execution.
Risk management: How we manage potential losses and protect capital.
Mirror at Your Own Risk:
While you can mirror our trades if you wish, it's crucial to remember that you do so entirely at your own risk.
Conduct your own research: Always perform your own due diligence before investing.
Consider your risk tolerance: Ensure the trades align with your individual investment goals and risk appetite.
Never invest more than you can afford to lose.
This watchlist provides a valuable learning experience, allowing you to explore new markets and expand your trading knowledge. Use it to enhance your understanding and develop your own successful trading strategies.
Invest with Confidence!