Systematic Put Write - November 2019

Summary

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

IBEX 35 on November 15th 2019. Source Investing

Sideways month for the IBEX 35 which ends with a little decline of 68 points (or -0,71%).

For November I had sold a 9300 PUT, for 136,35€. After buying it back, a profit of  97,35€ remains (or + 1.01%).

Considering this, since its inception, the Put Write Strategy is at +1.8%.

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
16/11/2018	Ibex 9100 Dec 2018 Put	9056	182,35€	-366,85€	8550
21/12/2018	Ibex 8600 Jan 2019 Put	8550	226,35€	226,35€	9078
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€	??	??

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

Regarding December, I have sold  a 9300 PUT for 161,35€. 

Base	Put-write value	Total Premium	Break-even
9540	9710	320€	8920

Portfolio

No other position is open right now.

Resources

• IBEX 35 Systematic Put Write Strategy