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Well the S&P recovered off the 50 day for now, however the RUT just has not responded as expected. I went ahead and closed the following position on friday: bot nov 530/540 RUT call @ cost of $892 I sold back the spread for $908 which results in a profit of $16. Its not much, more of me...

No nothing new to report at this point. I am in a holding pattern along with the market until the fed reaction tomorrow. We're essentially sitting on the 50 day on the S&P so if the reaction to the fed is negative then it sets the stage for the S&P to drop quite a bit down to the 200 day...

Hmmmmm tough read. The RUT is HORRIBLY underperforming here. The RUT has broken its 50 day avg and the next stop at the 200 day is way down around 550 which means we could be in for a considerable drop. HOWEVER, we still have the S&P above its 50 day by about 17 pts. So its going to be key...

I added the following today sold 65 nov iwm put @ credit of $519

Damn should have waited but oh well it is what it is. I added the following today: sold 65 nov iwm put @ credit of $374 I am planning on adding 2 or 3 more of these puts. We sliced through the 10 day and closed just below the 20 day so lets see if we bounce here. Otherwise I'm looking...

Today I added: sold 65 nov iwm put @ credit of $409

On friday I opened the following position: bot nov 610/620 RUT call @ cost of $562 Today I opened: sold 65 nov iwm put @ credit of $374 So here are the positions I have open going into november and I have adjusted the credit received down for my 500 short shares of IWM because I had to...

All in all it was a pretty relaxing expiration cycle compared to the wild runs we've seen so here is how everything settled. I closed all of my 6 iwm puts for $315.70 each. I also closed the following position: short 100 shares iwm @ credit of $4942.23 I covered the 100 shares for...

Today I closed my 610/620 rut spread for $573 resulting in a profit of $21. The reason is that this position was opened as more of a hedge at the start of the month and the fact that I can get out with a small profit on it is a bonus. I'm still bullish but looking at the earnings reports...

I had to take advantage of the gift the bears offered up today and opened my remaining 2 iwm puts I wanted to open. Today I added the following: sold 65 oct iwm put @ credit of $599 sold 65 oct iwm put @ credit of $629 Looking forward we've got the RUT close to testing the 50 day EMA...

On friday I opened the following: sold 65 oct iwm put @ credit of $549 I didn't add anymore on Friday because I wanted to see if the pullback we got was going to go deeper or if it was going to get bought up. Sure enough it got bought up looking at the rally on monday. It appears we're...

I opened the following position today: sold 65 oct iwm put @ credit of $514

Last Friday I opened the following position: bot oct 610/620 RUT call @ cost of $552 Today I opened the following: sold 65 oct iwm put @ credit of $404 So I have the following open positions going into October: short 100 shares iwm @ credit of $4540.29 short 100 shares iwm @ credit of...

Yeah not much to do, the market is not really cooperating....but then again it really hasn't since March. So far still hanging in there but the one year mark is quickly approaching for this strategy and I am clearly not going to make the 30% return but lets see what I can do here. IWM closed...

Its actually the opposite. I'm selling puts to try and catch up by selling puts that I DON'T expect to expire worthless. Lets take a look at the following: On August 24th iwm opened at $58.40 so my loss on the following postion is: short 100 shares iwm @ credit of $4447.29 5840 - 4447.29...

On friday I added the following position: sold 60 sep iwm put @ credit of $224 I currently have the following positions open: short 100 shares iwm @ credit of $4447.29 short 100 shares iwm @ credit of $4893.16 short 100 shares iwm @ credit of $4436.88 short 100 shares iwm @ credit of...

Once again we're sitting in the middle of the seesaw. We've had 3 days in a row where we've had lower lows and lower highs and we've been closing in a pretty tight range around 580-585. So as usual, low volatility is followed by high volatility so I suspect we'll get a break above 585 up to...

Yeah its been difficult keeping up with this bull stampede and am waiting for the bulls to get a bit tired but so far no dice. I added the following today: sold 60 sep iwm put @ credit of $247

I added the following today: sold 60 sep iwm put @ credit of $261

Here is a list of positions I am taking into the sept cycle: short 100 shares iwm @ credit of $4447.29 short 100 shares iwm @ credit of $4893.16 short 100 shares iwm @ credit of $4436.88 short 100 shares iwm @ credit of $4900.63 short 100 shares iwm @ credit of $5005.44 short 100 shares...