Systematic Put Write - November 2018

Summary

Today is November Option Expiration day and it is time to review the movements done following our strategy.

IBEX 35 on November 16th 2018. Source Investing

IBEX 35 November Future closed at 9056 points, that is 152 points more (or +1,7%) than the previous month. As this value is above the Strike Price of the sold option, it expires worthless and I get all the premium received initially (+176,35€ or +1,9%).

Considering this, the Put Write Strategy is now at -1,9%.

Movements and results so far

I started on August 22nd 2018 selling a 9500 September 2018 Put with the IBEX at 9540. This value will be used as base value from now on.

Date	Option	Spot	Premium	Profit/Loss	Spot Closed
22/08/2018	Ibex 9500 Sept 2018 Put	9540	129,35€	85,70€	9492
19/09/2018	Ibex 9500 Oct 2018 Put	9492	150,23€	-447,67€	8904
19/10/2018	Ibex 8800 Nov 2018 Put	8904	176,35€	176,35€	9056
16/11/2018	Ibex 9100 Dec 2018 Put	9056	182,35€	?	?

So, considering this third month, this is the comparison between the strategy and the Ibex 35 index:

Regarding December, I have sold a 9100 Put for 182,35€ (break-even can not be achieved this month):

Base	Put-write value	Total Premium	Breakeven
9540	9356,35	-3,27€	N/A

Portfolio

Currently, no other position is open in the portfolio.

Resources

• Systematic Put Write - October 2018
• Systematic Put Write - September 2018