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December


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Dec 04, 2015 DIA 184/186 Call 0.05 0.00 10.8% expired for profit
Dec 11, 2015 164/166 Put 0.16 0.00 expired for profit
Dec 11, 2015 IWM 105/107 Put 0.19 0.00 10.5% expired for profit
Dec 11, 2015 SPY 191/193 Put 0.21 0.00 11.7% expired for profit
The DIA position averaged 10.8%
The IWM position averaged 10.5%
The SPY position averaged 11.7%

Average return for all positions: 11.0%

SPECIAL NOTE ON THIS MONTH'S TRADE: The Federal Reserve raised rates for the first time in a decade. The US economy is strong, which is why the Fed decided to hike rates, but the pace will not be very aggressive.

November


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Nov 04, 2015 DIA 184/186 Call 0.08 0.00 11.5% expired for profit
Nov 12, 2015 167/169 Put 0.14 0.00 expired for profit
Nov 05, 2015 IWM 123/125 Call 0.08 0.00 10.4% expired for profit
Nov 13, 2015 108/110 Put 0.12 0.00 expired for profit
Nov 04, 2015 SPY 217/219 Call 0.08 0.00 10.4% expired for profit
Nov 13, 2015 192/194 Put 0.12 0.00 expired for profit
The DIA position averaged 11.5%
The IWM position averaged 10.4%
The SPY position averaged 10.4%

Average return for all positions: 10.8%

SPECIAL NOTE ON THIS MONTH'S TRADE: The markets had a bit of a dip this cycle but it wasn't anything to be overly concerned about. The Fed kept interest rates unchanged, pushing the possibility of a rate hike into next month. Many still believe it won't happen until 2016 and even then, it may be one hike then a bit of a pause.

October


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Oct 01, 2015 DIA 151/153 Put 0.19 0.00 10.5% expired for profit
Sep 29, 2015 IWM 98/100 Put 0.18 0.00 9.9% expired for profit
The DIA position averaged 10.5%
The IWM position averaged 9.9%

Average return for all positions: 10.2%

September


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Sep 11, 2015 IWM 107/109 Put 0.19 0.00 10.5% expired for profit
The IWM position averaged 10.5%

Average return for all positions: 10.5%

SPECIAL NOTE ON THIS MONTH'S TRADE: The highly anticipated beginning of rate hikes was forecasted to begin this month but given the global economic situation, the Fed decided to keep rates unchanged. There are still 2 more meetings before the end of the year and a majority of economists are predicting a rate hike to commence in December. This uncertainty has created a high level of volatility. This will likely continue until we get our first rate hike.

August


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Aug 03, 2015 DIA 168/170 Put 0.17 0.46 (15.8%) closed 168/170 for average 0.29 net debit.
Jul 29, 2015 IWM 115/117 Put 0.20 0.52 (17.8%) closed 115/117 for average 0.32 net debit.
The DIA position averaged (15.8%)
The IWM position averaged (17.8%)

Average return for all positions: (16.8%)

SPECIAL NOTE ON THIS MONTH'S TRADE: This cycle was somewhat of a slow bleed for the markets. There was no Fed meeting so there were no fears of a rate hike. What took centerstage were the concerns of low oil, China's growth issues and devaluation of their currency, as well as some ripples from Greece. So far for 2015, the Dow has lost 4.5% and the S&P500 is now in negative territory. Some say it's a bullish sign while others predict a correction.

July


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jun 30, 2015 DIA 166/168 Put 0.17 0.00 9.3% expired for profit
The DIA position averaged 9.3%

Average return for all positions: 9.3%

SPECIAL NOTE ON THIS MONTH'S TRADE: Greece stole the spotlight this month as the country again had issues defaulting on loans it restructed years ago. The past month's jobs report wasn't even a blip on the radar as it had been the past few months. The looming rate hike is a certainty but the timing is still up in the air.

June


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jun 05, 2015 DIA 171/173 Put 0.18 0.00 9.9% expired for profit
Jun 05, 2015 SPY 200/202 Put 0.18 0.00 9.9% expired for profit
The DIA position averaged 9.9%
The SPY position averaged 9.9%

Average return for all positions: 9.9%

SPECIAL NOTE ON THIS MONTH'S TRADE: Talks of a June rate hike faded as we got closer to the date and just as the economists predicted, the Fed kept rates unchanged. The possibility of a September rate hike is now in focus but as long as the economy keeps chugging along, we'll continue to see record highs. Even if the rate hikes begin, we could see the markets continue higher since it shows that we have a strong enough economy that we could handle higher rates. Only time will tell though...

May


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
May 01, 2015 DIA 171/173 Put 0.16 0.00 8.7% expired for profit
May 01, 2015 IWM 114/116 Put 0.13 0.00 7.0% expired for profit
Apr 27, 2015 SPY 217/219 Call 0.08 0.00 9.9% expired for profit
May 01, 2015 199/201 Put 0.11 0.00 expired for profit
The DIA position averaged 8.7%
The IWM position averaged 7.0%
The SPY position averaged 9.9%

Average return for all positions: 8.5%

SPECIAL NOTE ON THIS MONTH'S TRADE: The major averages hit new record highs this cycle even though the looming rate hike could be just around the corner. Analysts have pushed back a possible June hike to September and because of that, we may see the markets push to new highs for at least a couple more months.

April


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Apr 02, 2015 DIA 168/170 Put 0.14 0.00 10.2% expired for profit
Apr 10, 2015 183/185 Call 0.05 0.00 expired for profit
The DIA position averaged 10.2%

Average return for all positions: 10.2%

SPECIAL NOTE ON THIS MONTH'S TRADE: The March jobs numbers fell below expectations and eased fears of an early rate hike for investors. Predictions are for September as the earliest time before the first rate hike. This news sent the markets higher to set new records during this cycle. The exuberance has continued to keep market sentiment positive but there are signs of fatigue.

March


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Feb 27, 2015 DIA 187/189 Call 0.06 0.00 9.8% expired for profit
Mar 09, 2015 172/174 Put 0.13 0.00 expired for profit
Feb 27, 2015 IWM 128/130 Call 0.06 0.00 10.3% expired for profit
Mar 12, 2015 116/118 Put 0.14 0.00 expired for profit
Mar 02, 2015 SPY 217/219 Call 0.06 0.00 10.3% expired for profit
Mar 12, 2015 197/199 Put 0.14 0.00 expired for profit
The DIA position averaged 9.8%
The IWM position averaged 10.3%
The SPY position averaged 10.3%

Average return for all positions: 10.1%

SPECIAL NOTE ON THIS MONTH'S TRADE: Significant events this cycle included the NASDAQ breaking the 5000 level for the first time since the 2000 tech bubble as well as the US unemployment rate dropping to 5.5%. This low level created speculation of an earlier than expected rate hike which, in turn, increased volatility in the markets.

February


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jan 29, 2015 DIA 160/162 Put 0.13 0.00 10.7% expired for profit
Feb 09, 2015 183/185 Call 0.07 0.00 expired for profit
Feb 03, 2015 IWM 109/111 Put 0.15 0.00 11.9% expired for profit
Feb 10, 2015 124/126 Call 0.07 0.00 expired for profit
Feb 03, 2015 SPY 191/193 Put 0.13 0.00 11.2% expired for profit
Feb 11, 2015 212/214 Call 0.08 0.00 expired for profit
The DIA position averaged 10.7%
The IWM position averaged 11.9%
The SPY position averaged 11.2%

Average return for all positions: 11.3%

SPECIAL NOTE ON THIS MONTH'S TRADE: Lots of up and down trading this month but the major indices still added about 2% during February's cycle. The VIX (fear index) almost hit 23, which has been a peak level for the past 2 months. Fears this month were due to oil as well as a possible Greek default. As soon as the fear subsided though, the markets pushed to new record highs. Even the NASDAQ is getting close to a record high as it closes in on 5000, a level never seen since year 2000. We are sure to hit that milestone in 2015, and it may come as soon as the next few weeks.

January


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jan 07, 2015 DIA 168/170 Put 0.17 0.00 9.3% expired for profit
Jan 07, 2015 RUT 1110/1120 Put 0.80 0.00 8.7% expired for profit
The DIA position averaged 9.3%
The RUT position averaged 8.7%

Average return for all positions: 9.0%

SPECIAL NOTE ON THIS MONTH'S TRADE: We did get a Santa Claus rally but as soon as oil began to slide again, the sellers came back. During the final week of the January cycle, the S&P500 closed below the 2000 level for the first in a month. It didn't stay there long as the index rebounded the next day, getting back above the key psychological level. Even though the markets slid during the oil decline, our positions were never in any trouble. We didn't get a chance to open 2 of our positions this month but did get a nice return on the 2 that we did open.