Semana 47 / Week 47 ( Jan, 26 exp date )

Muy buena semana para empezar el año, no hemos operado las dos primeras semanas del año tras las fuertes perdidas de Enero del año pasado, Abrimos la posición el jueves con una caida del mercado y un incremento de la volatilidad, y a pesar de la investidura de Trump no hubo un gran movimiento; lo que nos favoreció para cerrar la operación en las primera hora del martes. Próximo trade subimos a 3 contratos por money management.

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We faced a very good week to start the year, in fact we have not traded over the first two weeks of the year after the strong losses of January last year. We opened the position on Thursday taking advantage of a  market drop and a volatility peak. Despite the investiture of Trump the market did not make a big move; which favored us to close the trade in the first hour of Tuesday. Next Trade we will add a third contract considering our money management strategy.

Strategy report

Chart including volatility index RVX

Money Management Template

Semana 46 / Week 46 ( Dec, 23 exp date )

Al final lo intenté y salió bien. La primera ingresada el jueves ( > 7$ ) era demasiada

buena como para dejarla escapar. Eso si no esperé a cerrarla el Martes, que hablaba Yellen; 

y ayer Lunes la cerré nada mas abrir el mercado. La prima perdió valor muy deprisa, lo

que favoreció nuestros intereses.

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I finally gave it a chance and It turned out ok. The premium cashed on Thursday ( > 7$) was too good to ignore it. But this time I did not wait for Tuesday to close the trade ( Yellen´s speech ), and yesterday (Monday), I close the trade once the market was opened, as we had a 70% of the maximum possible income in our pocket. Premium eroded very quickly this week.

Strategy Report

 Chart

 Money Management and main stats

Money management template and main Stats

Semana 45 / Week 45 ( Dec, 16 exp date)

La paciencia es una virtud imprescindible para el trader. He preferido esperar 5 semanas al siguiente trade y evitar el incremento de volatilidad que podia originar las elecciones americanas y el referendum en Italia. El mercado está alcista y podria lateralizarse un tiempo ahora, ya veremos.... Esta semana el precio no se ha movido, y eso es justo lo que queremos.

Seguiremos seleccionanado las semanas, esta hay triple vencimiento de derivados el viernes, y posiblemente tampoco operare.

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Patience is an essential virtue for a trader. I preferred to wait 5 weeks for the next trade and  avoid an increase of volatility that could originate the American elections and the referendum in Italy. The market is bullish and could lateralize some time now, We will see .... This week the price has not moved nor volatility, and that is just what we want.

We will keep on trading just certain weeks, avoiding volatility peaks. This week We face the triple witching hour on Friday, so we will be cautious.

Strategy Report

Charts

Money management template and main Stats

Semana 44 / Week 44 ( Nov,4 exp date)

Nueva semana ganadora con muy buena prima ingresada el jueves. Cerramos ayer martes a la apertura del mercado, y no a media tarde ya que teniamos ingresado mas del 50% de la prima y el mercado está bajista a corto plazo. No haremos nada hasta las elecciones generales americanas.

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New winning week with a nice premium cashed on Thursday. We closed the position yersterday ( Tuesday ) at market open, not midafternoon, considering we had more than 50% of the cashed premium in our pocket, and the market is bearish short term. We will not do anything until the American elections.

Orders Set up

Chart with entry points and sold strikes

Money management template and main Stats

Semana 43 / Week 43 ( Oct 14 expiration )

Nueva semana ganadora, no exenta de peligro en el dato de paro mensual del viernes, pero con un mercado que no se movió y nos permitió cerrar el martes a primera hora, consolidando el 75% de la prima ingresada. Miercoles y jueves el mercado cayó muchísimo, siempre hay que cerrar Lunes o Martes de la semana de vencimiento  o Vega ( volatilidad ) y Gamma ( velocidad con que cambia delta) nos estarán esperando al doblar la esquina. Este jueves no hacemos entrada, no me fio un pelo del mercado.

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New winner week, not without danger, considering the monthly unemployment data on Friday, but with a market that did not move and allowed us to close early on Tuesday, consolidating 75% of the cashed premium. Wednesday and Thursday the market fell sharply, that's the reason why we must not be exposed to the market after Tuesday of the expiring week or vega ( volatility ) and gamma ( delta change speed ) will be waiting for us round the corner. This Thursday won't be entry, I don't trust the current market.

Strategy report

Chart

Money management template and main Stats

Semana 42 / Week 42 ( Sept 30 expiration )

Segunda semana ganadora, aunque el incremento de volatilidad en el Russell recortó parte del beneficio que nos aporta el paso del tiempo ( theta ) en nuestra opciones vendidas weeklys. Esta noche habla Janet Yellen con el mercado cerrado y prefiero no operar el vencimiento del 7 de octubre. La subida de tipos puede llamar a la puerta incluso esta noche.

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Second winning week, although an unexpected increase in Russell index volatility eroded part of our profit given by time value decay (theta) in our sold Weeklys options. Tonight Janet Yellen speaks after the bell and prefer not to trade next October 7 expiration.

An interest rate increase is knocking on markets door...........maybe tonight ?

Strategy Report

Chart

Money management template and main Stats

Semana 41/ Week 41 ( Sept 23 expiration )

Tras un parón de 8 meses, incluido un complicado verano, reanudamos la operativas con weeklies de los jueves aprovechando el mercado lateral-alcista en el que nos encontramos inmersos que favorece nuestra operativa. No operaremos todas las semanas, sobre todo si hay publicación de datos importantes. Empezamos de una manera conservadora con solo dos contratos y desde 0, lo que supone unos 33.000$ de margen en el broker para una cuenta tipo REG-T ( Interactive Brokers).

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After a break of eight months, including a "hot" summer , we continue with our weeklys options trading on Thursdays, taking advantage of a side-bull market in which we are immersed that supports our trading. But this time we are not going to trade every week, especially if there is a significant earnings/economic calendar . We have just started this week conservatively, with only two contracts from zero, which suppose a 33.000$ margin requirements for a REG-T account (Interactive Brokers )

Chart

Money Management template

Para el vencimiento de la próxima semana entramos ayer Jueves a las 17:50 vendiendo el rango 1225-1285 para un indice en 1255.// For next week expiration we sold yesterday, Thurday , a strangle with a 1225-1285 range, while Russell Index valued 1255.