08/24 Daily Summary

Today was a good day for the portfolio, no adjustment was made, and in this case, no news is GREAT news! I'm still down for the SEP positions (-3% ROI), the MNX trade came back above water and RUT didn't move.

I added the IBM Calendar position Today, this is the last portion of my SEP portfolio, and I plan on completing the position by Wednesday.

Positions' Details
08/24 IBM Calendar *New*
08/24 RUT Iron Butterfly
08/24 MNX Iron Butterfly

08/24 IBM Calendar *New*

It feels a bit odd for me to start a position on the bullish side. However, with IBM sitting right above 119, I could not justify starting the trade with the 115 Calendar (as much as I wanted). So, I have entered the first 1/2 of the trade and plan on adding to it during this week (likely Wednesday)

08/24 RUT Iron Butterfly

RUT didn't back off, and we're still sitting right at the top of the trading range and on the break-even for the trade. I can't afford to keep on running without Theta, so Tomorrow, if we don't back off I'll add to the position and bump up its theta.

Previous Posting:

08/21 RUT Iron Butterfly

08/24 MNX Iron Butterfly

MNX took a break over the weekend, the position is now back in the black. Notice the Delta is under control and we got an increase in Theta. The goal for the trade is to keep theta running with at least 1% per day, so every quiet day books money in the bank.

Previous Post:

08/21 MNX Iron Butterfly

08/21 Daily Summary

Today's price action brought my positions down a bit, total portfolio value is down -5%, not a big deal, considering I still have money to deploy next week (IBM Calendar). For now, I plan on enjoying the weekend, getting some rest and coming back ready next week!

Position's Details:
08/21 RUT Iron Butterfly
08/21 MNX Iron Butterfly

Cheers!
Gustavo

08/21 RUT Iron Butterfly

RUT made its trip to the edge of the expiration graph. I decided not to jump the gun and open a new butterfly just yet. My plan is to do so if we continue moving up and get to 490 next week.

See Yesterday's:
08/20 RUT Iron Butterfly

08/21 MNX Iron Butterfly

The good news is, we're back in the center. The bad news? Over-adjusting on the down-side cost me some money fixing things up. On the bright side, I had the foresight to start leveling things up since Yesterday, otherwise we'd be down twice as much Today. The trade only need a few quiet days to recover, let's see what next week brings.

See Yesterday's:
08/20 MNX Iron Butterfly