Last Friday, with the DAX 30 index at 11.160 points, I opened a 10.500 - 10.100 Put Spread for the December expiration cycle (28 days to go).
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| DAX 30 on November 23rd 2018. Source Investing |
Sunday, 25 November 2018
New Position: ODAX December 2018 Put Spread
Summary
Last Friday, with the DAX 30 index at 11.160 points, I opened a 10.500 - 10.100 Put Spread for the December expiration cycle (28 days to go).
Four trading weeks to go and an Implicit Volatility of around 19%. I will adjust the trade if the short option reaches 30 delta.
Last Friday, with the DAX 30 index at 11.160 points, I opened a 10.500 - 10.100 Put Spread for the December expiration cycle (28 days to go).
Friday, 16 November 2018
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 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%.
Today is November Option Expiration day and it is time to review the movements done following our strategy.
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| 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%.
Tuesday, 6 November 2018
Closed: ODAX November 2018 Put Spread
Summary
Today, I have closed the second Put Spread involved in this month of November. Although the trade was guaranteed to be a loser and I had to reduce the losses as much as possible, I have decided to close it and not risk two additional weeks of exposure.
I might redeploy another Spread for December, if the conditions are good.
Today, I have closed the second Put Spread involved in this month of November. Although the trade was guaranteed to be a loser and I had to reduce the losses as much as possible, I have decided to close it and not risk two additional weeks of exposure.
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| DAX 30 on November 6th 2018. Source Investing |
Friday, 26 October 2018
Position Adjusted: ODAX November 2018 Put Spead
Summary
Well, it seems that the timing was bad again and the drop in the DAX has forced me to adjust the trade when the short option reached 30 delta.
I have redeployed the Spread to 10500 - 10100, however even if I get all the credit for this new spread, the trade will be a loser this month.
Well, it seems that the timing was bad again and the drop in the DAX has forced me to adjust the trade when the short option reached 30 delta.
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| DAX 30 on October 26th 2018 Source Investing |
Saturday, 20 October 2018
Systematic Put Write - October 2018
Summary
Yesterday was October Option Expiration day and it is time to review the movements done following our strategy.
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| Ibex 35 on October 19th 2018 Source Investing |
IBEX 35 October Future closed at 8904 points, that is 587 points less (or -6,1%) than the previous month. This drop overwhelms the credit received for selling the 9500 October Put Option plus the credit received before and leaves the strategy at -3,8%.
Tuesday, 16 October 2018
New position: ODAX November 2018 Put Spread
Summary
After a nice drop from the level of the 12.400, and currently sitting in 11.650 points, I have decided to open a Put Spread for the November expiration cycle (31 days to go).
Five trading weeks to go and an Implicit Volatility of around 19%. I will adjust the trade if the short option reaches 30 delta.
After a nice drop from the level of the 12.400, and currently sitting in 11.650 points, I have decided to open a Put Spread for the November expiration cycle (31 days to go).
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| DAX 30 on October 16th 2018. Source Investing |
Five trading weeks to go and an Implicit Volatility of around 19%. I will adjust the trade if the short option reaches 30 delta.
Tuesday, 9 October 2018
Closed: ODAX Oct - Dec PUT Calendar Spread
Summary
The first real Calendar Spread has not worked out and I have closed it today at a loss. The drop in the DAX index has been too strong in order to be compensated with an increment in the Volatility and the time decay of the sold option.
Therefore, as it pretty much happened last year, I am back to square 0 with only three months remaining this year.
The first real Calendar Spread has not worked out and I have closed it today at a loss. The drop in the DAX index has been too strong in order to be compensated with an increment in the Volatility and the time decay of the sold option.
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| DAX 30 on October 9th 2018. Source Investing |
Therefore, as it pretty much happened last year, I am back to square 0 with only three months remaining this year.
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