I've been moving for the last week so missed last week's post ...
We are in the process (after 17 years!) of moving from a house we had built and where we'd lived since 2000. The new house is a rental:
... that looks kind of like this, but on more acreage (no houses around). Our little cockapoo Myla likes the place ...
(This is one of Myla's cousins I found on the Internet.) The only trouble for Myla is those other cousins that are around:
So we have to watch her ... But back to the subject at hand!
Last week I made the NDX trade just before expiration, which only yielded 75 cents: on a $10 wide spread that's 8.1%, and Monte Carlo simulation says that's not profitable even winning 91.7% of the time.
So just to try this out, the next day I put on at 8:30 Pacific a 1-day 1-standard deviation Iron Condor in our favorite volatile vehicle: TSLA. I got 15% on this one ... and 8.1 + 15 == ... 23%, just like last week's fabulous one.
So that's one thing I can try: when I get less than 15%, try a 1-day trade the next day to make up the difference, in whatever is volatile: TSLA or NFLX are two to try.
This week I got the trade in one hour before the market closed and got filled at $1.35 ... around 15% just for this one. It worked again so I didn't do anything extra on Friday.
So the NDX trade is now 2 for 3: 66.666667% winning ..
The other "trade leg" I put on this week is short /ES futures, selling puts against them every week.
I started with $28137 last Tuesday ... got filled at $2070.50 and sold the 8-day 2060 puts against these for $9.50 each (i.e. $475 each, since they're $50 per $1 of options in these futures).
As I write this, the futures have settled back to $2575.75 ... but the puts have collapsed to $2.65 so I'm showing a profit: up more in the options than I've lost in the futures.
And I can sell another batch of puts next week ... and the next. So this looks really good!
More next week ...
No comments:
Post a Comment