I held on to my two short futures contracts and sold 4 2670 puts against it for just the couple of days ending Friday. I have two remaining that expire next Friday the 23rd.
I've been enamored of the idea of selling puts against a short position, sometimes to my detriment. But despite the prospect of a typical Santa Claus Rally,
I think there's enough weirdness around with Brexit
... and of course the ongoing shenanigans in Washington:
That it seems a lot more likely to me that we'll get a more nearly flat market ... which will be perfect for what I'm planning:
(1) Continuing to sell 2 (at least!) puts against my 2 short /ES futures contracts ... occasionally I may sell an extra couple, as I did last week for a couple of days ...
(2) NDX: 4-day Iron Condor, Monday to Friday, short strikes at the .08 delta (i.e. waay out wide) and at least 50 or 60 point wide wings.
(3) A mix of commodity futures, including the Golden Butterfly since I finally remembered the adjustment of selling another one! This worked well (I made $500 in a couple of weeks) the last time I tried this.
Your $200,000 account was up about $18000 last week ... Wahoo!
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