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.

DAX 30 on October 26th 2018 Source Investing

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.

Systematic Put Write - October 2018

Summary

Yesterday was October Option Expiration day and it is time to review the movements done following our strategy.

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%.

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).

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.

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.

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.