Last Friday was July Option Expiration day and it is time to review the movements done following our strategy.
|IBEX 35 on July 19th 2019. Source Investing|
IBEX 35 index closed at 9170 points, losing 57 points (or -0,31%).
For this month I had sold a 9300 PUT, so the final result after re-buying the sold option is a gain of 34,35€ (or + 0.35%).
Considering this, since its inception, the Put Write Strategy is at +1.7%.
We are now entering the last month before completing our first year continuously selling ATM puts on the IBEX 35. Unless August finishes with a sharp drop (> 3%) we will end up with profits while beating the underlying index with considerably less volatility and using a strategy that is very little time consuming.
Let´s wait another month and see how this first year ends.