Wow -- Catch up time!

Sunday, well really Monday September 15

Wow -- has it really been over 10 days since I last posted?  Well, I promised that this week would be a reboot week on a few things, so I'm catching up on this blog. 

Just because I haven't been posting, however, doesn't mean that we haven't been trading.  We currently have 3 positions in place on our paper money account, and we had one close out positive last week.

Closed positions:

We sold a put vertical on Yahoo that closed out on Friday.  Specifically, the October expiration  36/35 vertical.  We put our stops on and hit our profit goal.  This trade netted us $25 in paper money.  Which is pretty good!

Open positions:

Currently we have 3 positions open, which we are watching and seeing how they're going to close out.  All three are currently positive for us, which is great!

IWM -- Sold the October expiration 119/120 call option. 

SPY -- Sold the October expiration 202/203 call option.

MU -- sold the October expiration Iron condor, 28/26/36/35

Current standings:

We've made up the losses we had a couple weeks ago, which is good.  We're still net positive in our trades over the last few months.  Which is great!  And our percentage of favorable trades is still pretty good.  We're better than 50% successful still, but not quite as high as we want to be.  

New positions:

I'm looking for two new positions to start the week.  Nick didn't have much luck earlier this afternoon.  Hopefully I'll find some others to consider.  

AAPL -- sold the October expiration 97.86/97.14 put vertical.  Unfortunately Apple is a weird one that doesn't like complex orders.  I get an error message from the platform every time I try to put on an OCO order.  Unfortunately, this means we incur the same-day risk.  Well, I'll put on the closing order tomorrow night.

YHOO -- Sold the October expiration 38/39 put vertical.  Nick actually put this one on last week, and it has been profitable for him.  I'm doing an experiment here.  The current delta on this position is actually outside our current accepted range.  nick has been doing some research on using positions with a lower delta looking for a higher success rate, even though the per trade yield will be less.  Theoretically, higher success rate offsets that  lower yield.  We'll see!

Now, all caught up for a good start this week.  I'll keep you posted!