Semana 26 / Week 26 ( 10/02/2015 expiration date )

Semana complicada que terminamos con una pequeñisima ganancia. El mercado está nervioso y la volatilidad subió muy deprisa contra nuestros intereses; sobre todo el Lunes. El martes conseguimos salir de pérdidas, aunque hubiera sido mas beneficioso cerrar la posición a la apertura y no a media tarde. Ha sido fundamental ser muy conservador con la put vendida, pues siempre es la pata mas peligrosa, además teniendo en cuenta que cada vez nos aproximamos mas al principio de un mercado bajista.

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Difficult week we ended up with a tiny gain. The market is nervous and volatility rose very quickly against our interests; especially on Monday. On Tuesday we got out of losses, but It would have been more beneficial for the position to close at the market opening and not at mid afternoon. It has been essential to be very conservative with the  put strike, setting the level as far as possible considering the risk-reward ratio. It is always the most dangerous leg, and It looks we are getting closer to the beginning of a possible bearish market.

Weekly P&L summary

Position at close ( let's see how the dark area, which represents 68,2% probability at expiration,  has moved to the left , up to 1058 level, a very complicated chart, considering our put strike was set at 1070 )

Russell Index Chart with classic Fibos levels

RVX Chart ( notice how the RVX gained two points sharply )

Our usual Money Management template