Systematic Put Write - January 2020

Summary

Last Friday was January Option Expiration day and it is time to review the movements done following our strategy.

IBEX 35 on January 17th 2020. Source Investing

Sideways month for the IBEX 35 index, which ended pretty much where it started. The index gained 5 points this month (or around 0,05%).

As I had sold a January 9600 PUT, for 103,35€, I keep all premium and book a gain of 1,07%.

Considering this, since its inception, the Put Write Strategy is at +4,6%. During the same period, IBEX 35 gained +1.5%.

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. These are the last twelve months (complete records can be found here).

	Option	Spot	Premium	Profit/Loss	Spot Closed
18/01/2019	Ibex 9000 Feb 2019 Put	9078	146,35€	146,35€	9130
15/02/2019	Ibex 9100 Mar 2019 Put	9130	123,35€	123,35€	9330
15/03/2019	Ibex 9300 Apr 2019 Put	9330	167,35€	167,35€	9581
18/04/2019	Ibex 9500 May 2019 Put	9581	109,35€	-135,75€	9256
17/05/2019	Ibex 9300 Jun 2019 Put	9256	187,35€	127,35€	9227
21/06/2019	Ibex 9300 Jul 2019 Put	9227	164,35€	164,35€	9170
19/07/2019	Ibex 9200 Aug 2019 Put	9170	144,35€	-390,65€	8635
20/09/2019	Ibex 8600 Sept 2019 Put	9170	202,35€	202,35€	9178
18/10/2019	Ibex 9100 Oct 2019 Put	9178	125,35€	125,35€	9345
15/11/2019	Ibex 9300 Nov 2019 Put	9345	136,35€	97,35€	9261
20/12/2019	Ibex 9300 Dec 2019 Put	9345	161,35€	161,35€	9617
17/01/2020	Ibex 9600 Jan 2020 Put	9617	103,35€	103,35€	9680
21/02/2020	Ibex 9600 Feb 2020 Put	9680	136,35€	???	???

So, considering this seventeenth month, this is the comparison between the strategy and the IBEX 35 index:

Regarding February, I sold a 9600 PUT for 136,35€,

Portfolio

No other position is open right now.

Resources

• IBEX 35 Systematic Put Write Strategy