Trades we are following

The list of current and past trades. Find the link below for each specific trade.

Important Note

If the date is in red, we are still following the trade
If the date is in blue, the trade has been closed, or we are no longer following it.

Assumptions. $100,000 portfolio; commissions $1, no exercise/assignment fee


30. 130605 Wed, Jun 5, 2013

29. Monday, April 22, 2013. AAPL 25-delta, Jul options.

28) March 25, 2013. SPX iron Condor. 13 delta; 53 days

27) 121015 Iron Condor using options on gold futures

26) 120919 RUT Iron Condors. 15-delta and 25-delta.

25) 120423 VCTM Weeklys Iron Condor

24) 120402 Diagonal using Weeklys SPX options

23) 120319 Weeklys Iron Condor, using RUT options

22) 120312 Weeklys Iron Condor, using RUT options

21) 120105 Double Diagonal; SPY options; Jan 5, 2012

20) 111212 ITM/OTM Call spread: Dec 12, 2011.

19) 111115 A CTM iron condor: Nov 15, 2011.

18) 111027 A new iron condor: Oct 27, 2011.

This is far more detailed and includes at least one video.

I will include more of my thoughts, reveal some of my biases towards iron condor trading, and try to explain how I go about trading iron condors.

17) 111005. Back Spread. As a general statement, I am not a fan of the back spread for retail traders. These trades require constant monitoring for opportunities to sell some delta on rallies and buy some on dips. This is referred to as ‘gamma scalping.’

16) 110913 AAPL Iron condor, per the request of a Member.

15) 1108018 This is not quite insurance for the initial trade. Instead it is insurance in case an adjustment becomes necessary

14) 110805 An adjustment as a stand alone play

Let’s follow an adjustment that I just made as a stand alone play. It is not the spread I wanted as my first choice, but is does serve my purpose

13) 110803 Earnings plays with APA options

12) 110718 Iron Condor Plus Ratio Condor

11) 110629 AAPL calendar spreads

10) 110622 RUT credit spread, adjusted with IWM options.

At the request of a Gold Member, this trade will use RUT options, but the adjustment will be made using IWM options.

The purpose is to help any trader of small size decide whether it is viable to adjust a position with an underlying that is designed to mimic the price performance of the parent index. Trading 2-lots of RUT uses less commission dollars than trading 20-lots of IWM. However, it is difficult to make an intelligent adjustment when the position is sized at 2-lots.

Reminder: One IWM contract is designed (no design is perfect) to perform the same as 0.1 RUT contract. In other words, 10 IWM Oct 80 calls is equivalent to one RUT Oct 800 call.

9) 110613 NDX Iron Condor vs. Butterfly

8 ) 110602 Another RUT Aug iron condor

7) 110525 RUT Aug Iron Condor: Disclaimer: I opened this trade for my own account.

6) 110516 RUT Iron Condor.

    This trade is very CTM (close to the money) and an adjustment will almost certainly have to be made soon.

5) 110426 RUT Double Diagonal/ Iron Condor

4) 110418. Double diagonal spread using AAPL as the underlying.

3) 110411. Covered call write using MT, a stock suggested by Chris.

2) 110404 Trade Type: SPY iron condor

1) 110302. Imaginary trade, used as a sample

18 Responses to “Trades we are following”

  1. Fatal error: Uncaught Error: Call to undefined function ereg() in /home/mdwoptio/www/www/Premium/wp-content/themes/Canvas/includes/theme-comments.php:64 Stack trace: #0 /home/mdwoptio/www/www/Premium/wp-content/themes/Canvas/includes/theme-comments.php(19): the_commenter_link() #1 /home/mdwoptio/www/www/Premium/wp-includes/class-walker-comment.php(174): custom_comment(Object(WP_Comment), Array, 1) #2 /home/mdwoptio/www/www/Premium/wp-includes/class-wp-walker.php(145): Walker_Comment->start_el('', Object(WP_Comment), 1, Array) #3 /home/mdwoptio/www/www/Premium/wp-includes/class-walker-comment.php(135): Walker->display_element(Object(WP_Comment), Array, '5', 0, Array, '') #4 /home/mdwoptio/www/www/Premium/wp-includes/class-wp-walker.php(370): Walker_Comment->display_element(Object(WP_Comment), Array, '5', 0, Array, '') #5 /home/mdwoptio/www/www/Premium/wp-includes/comment-template.php(2097): Walker->paged_walk(Array, '5', 0, 0, Array) #6 /home/mdwoptio/www/www/Premium/wp-content/themes/Canvas/comments.php(27): wp_list_comme in /home/mdwoptio/www/www/Premium/wp-content/themes/Canvas/includes/theme-comments.php on line 64