Looking up - my goal for each month is 3-7%, with the rest as gravy, and I’m up 5.44% for June, with a couple of losing positions poised to turn profitable. Details below.
CAT Calendar - 85 Jun/July  

RRDelta
24%

RRGamma
-7%

RRVega
10%

Delta/Theta = 11.6
1 Day 1 Std Dev Move (1.08 points)
A little IV bump gives me a 15.5% profit so far. Quite nice, […]

Popularity: 18% [?]

Posted in Real Trades, Iron Condors, Calendars, IWM, SPX, EEM, RTH, CAT No Comments »

Have you noticed you can get an external, USB, 1 TB Hard Driv for less than $200? Wow.
On Wednesday my call wing on this Iron Condor had shrunk down to .1, so I put in an order and got filled shortly thereafter (my original credit was .5). I noticed there was enough time until expiration […]

Popularity: 13% [?]

Posted in Real Trades, Iron Condors, SPX No Comments »

Anybody watch the UFC this weekend? Some great fights… check out these pics, especially the 3rd one down.
For the last week several of my calendars are right on the edge of needing to be adjusted. I wish they’d make their mind up! Overall, all my calendars are down, and my condors are nicely up, making […]

Popularity: 25% [?]

Posted in Real Trades, Iron Condors, Calendars, IWM, SPX, EEM, MSFT, CAT No Comments »

These are in additon to the CAT calendar in the last post. Overall, movement has hurt my calendars, but due to the warm and comfortable magic of diversification, gains in my condors have offset those losses, and I’m very much in position to have a great month, possibly in the double digits.
EEM Calendar - 150/160 Jun/Sep  

RRDelta
14%

RRGamma
-2%

RRVega
15%

Delta/Theta […]

Popularity: 27% [?]

Posted in Real Trades, Mistakes, Iron Condors, Calendars, IWM, SPX, EEM, RTH, MSFT No Comments »

IWM Iron Condor - June 63/65 Puts, 79/81 Calls 

RRDelta
-13%

RRGamma
-9%

RRVega
-10%

Delta/Theta = -4.36
1 Day 1 Std Dev Move (.81 points)
Looking a little sick already.. I wonder if this will go the way of my last two months of condors, and hit my upper limit fast? To be honest I think IV has dropped too much already (and I don’t […]

Popularity: 12% [?]

Posted in Real Trades, Iron Condors, IWM, SPX No Comments »

Some updates on positions and greeks, w/analysis… I’m using the calculations I referred to in the last post.
SPX Double Diag - 1335 May/ 1315 June Puts, 1425 May/1455 June Calls 

RRDelta
1%

RRGamma
-1%

RRVega
27%

Delta/Theta = .17
1 Std Dev Move (12 points)
I’m not losing any money here, but not making any either. Will probably be a wash unless the market falls, and IV […]

Popularity: 20% [?]

Posted in Real Trades, Calendars, Double Diagonals, SPX, EEM, RTH 2 Comments »

How are your positions? My calendars are freaking fantastic.
I’m skipping the Greeks today, as I’m going to revamp the way I calculate them. Doing the 1-day Standard deviation move exercise a couple of days ago made some light bulbs go off - namely, that I’m still too-tied to raw greek numbers. A delta measurement on […]

Popularity: 18% [?]

Posted in Real Trades, Calendars, Double Diagonals, SPX, EEM, RTH No Comments »