Worst Financial Condition Since the Great Depression

Written on September 16, 2008 by OptionsRopeaDope

.. at least that’s what the talking heads are saying. My account balance doesn’t agree :)

 My apologies for the lack of updates. As of this moment all of my open trades for September are closed, with the exception of a put wing on my SPY Condor (at 113-115). The volatility increase puped it up a bit, but I want to wait a couple more days to regain it. Here is how my other trades worked out, some of which required some rope-a-doping.

RUT Iron Condor - closed for 14.88% profit (a large gain mainly due to rolling the initial call wing down early in the trade)

RTH Calendar - closed for 15.61% profit after adjusting to a double calendar (I opened a call calendar at 100 early last week, when RTH popped to 99 or so)

WMT Calendar - closed for 7.53% profit (I had made this a triple, but last Thursday closed the 57.50 calendars out and purchased new 62.50’s, making a new double)

I closed RTH Friday, and WMT yesterday. Both of those will make nice charts, and I’ll try to update them, going back in time for the greeks. Towards the end of the month I tend to slack off on watching them so closely…

Overall, at the moment I’m up 8.4% for September (that includes a loss earlier on IBM). With the extra premium in SPY I intend to strangle out, that should be a little more.

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    • Category Posted in Real Trades, Iron Condors, Calendars, RUT, SPY, RTH, WMT

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    2 Comments »

    Comment by Peter
    2008-10-14 21:21:28

    Have you gone to sleep or fallen off the planet? What is your latest activity in the optoins world?…

    Peter.

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    Comment by Mike
    2008-10-16 09:30:12

    So is this website done with? No updates in a month.

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