Hi Steemians,
here are my weekly trade updates for September 7th, 2018.
GLD Short Straddle in October
I collected $3.42 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (86 cents).
So I'm going to close this position when it trades for $2.56 or at 21 DTE.
At the moment this position is up 32 cents ($32 per one lot).
October Short Straddle in TLT
I collected $3.11 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (78 cents).
So I'm going to close this position when it trades for $2.33 or at 21 DTE.
At the moment this position is down 18 cents ($18 per one lot).
October Straddle in FXE
I collected $2.43 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (61 cents).
So I'm going to close this position when it trades for $1.82 or at 21 DTE.
At the moment this position is up 9 cents ($9 per one lot).
October Straddle in XLE
I collected $3.53 for this straddle.
My profit target, as always for short straddles, is 25% of max profit (88 cents).
So I'm going to close this position when it trades for $2.65 or at 21 DTE.
At the moment this position is down 39 cents ($39 per one lot).
October 30 Delta Strangle in IWM
I collected $3.30 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.65 cents).
So I'm going to close this position when it trades for 1.65 cents or at 21 DTE.
At the moment this position is up 37 cents ($37 per one lot).
Skewed Short Strangle in QQQ
I collected $2.86 for this strangle.
My profit target, as always for short strangles, is 50% of max profit ($1.43 cents).
So I'm going to close this position when it trades for $1.43 or at 21 DTE.
At the moment this position is up 20 cents ($20 per one lot).
QQQ Short Call Spread in October
I collected $7.60 for this credit spread.
At the moment this position is down 98 cents ($98 per one lot).
This position is a hedge against my short vega risk, so whatever the market will do in the next few weeks, I will decide, wether I'm going to keep this position or if I'm going to close it at some time.
Short SPY Call Spread in October
I collected $3.93 for this credit spread.
In order to make up for my previous loss of $2.79 in the SPY BWB in September, I need this position to trade for $1.14 or lower.
At the moment this position is up 38 cents ($38 per one lot).
Have a great trading day,
Stephan Haller
P.S. The updated/redesigned version of my book is in the final review phase.
I hope it will be published during the next two weeks.
Legal disclaimer: These are not trade recommendations. Options involve risk and are not suitable for all investors. The trades shown above are for educational purpose only.
Where are you trading these crypto options? By where i mean which website? All i have ever come across is deribit.com and they only trade bitcoins options.
There are no crypto options as far as I know.