No major change Today, I've started to put together a few charts to show (in my true fashion) what I'm doing and how my positions are doing on a daily basis. I'm still working it out, but this shows how I'm allocating my portfolio in MAY and APR option cycles. Tomorrow I plan on exiting the APR positions and roll into the MAY contracts.
The chart above is for the MAY positions
The chart above is for the APR positions.
2 comments:
Hi Gustavo
It's been a while since I checked in, but I still look at your blog regularly. Glad you had a safe, profitable month last month.
I stayed out of a trade. But I tried to stay active. I've been reading Charles Cottle's book Options Trading: The Hidden Reality which has been great learning for me. It seems to have been written right to my level, although I find myself going back and reading many portions multiple times in order to relearn what I thought I understood. There's a lot to digest.
I've been practicing too, backtrading with ndx. I'll keep you posted when the time is right to get my feet wet again.
Dave
Hey Dave,
I've been away from the blog for a while, I've took a much less active approach since the MAR cycle, with a new baby around the house I had to adjust to my new reality of less time availability. Can't force an active strategy if my mind is not refreshed and rested to look at adjustments, etc.
I've been reading the IBD (Investors Business Daily)newspaper every day and have assembled a portfolio of covered calls and cash-secured puts that is working well in this current market environment. I moved to a longer term approach with a balanced portfolio of several stocks, this gives me a bit more flexibility and a lot less maintenance intensive.
I'll check the book you mentioned, thanks for the tip!
Take care!
Gustavo
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