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November


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Nov 01, 2018 IWM 140/142 Put 0.18 0.00 9.9% expired for profit
Nov 01, 2018 SPY 256/258 Put 0.17 0.00 9.3% expired for profit
The IWM position averaged 9.9%
The SPY position averaged 9.3%

Average return for all positions: 9.6%

SPECIAL NOTE ON THIS MONTH'S TRADE: Volatility is still a part of the marketplace and may remain for some time. Many believe that the Fed should not be so hawkish with rates and change their stance on monetary policy. Increased rates hikes may stifle growth and put the brakes on our economy. Trade issues with China are also in focus and is a fluid situation at best right now.

October


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Oct 02, 2018 DIA 275/277 Call 0.09 0.00 4.7% expired for profit
Oct 01, 2018 DIA 274/276 Call 0.09 0.00 4.7% expired for profit
Oct 12, 2018 IWM 154 Both 2.12 5.38 (60.6%) expired in the money for 3.26 net debit
Oct 10, 2018 IWM 158 Both 5.15 4.50 14.4% closed to lock in profits
Oct 03, 2018 IWM 158/160 Put 0.16 1.50 (72.8%) closed 158/160 for 1.34 net debit
Oct 01, 2018 SPY 299/301 Call 0.10 0.00 5.3% expired for profit
The DIA position averaged 4.7%
The IWM position averaged (39.7%)
The SPY position averaged 5.3%

Average return for all positions: (9.9%)

SPECIAL NOTE ON THIS MONTH'S TRADE: October found itself struggling as Wall Street sold off, bringing some of the major indices into correction territory. This is when the index is 10% below the most recent high. Rates have increased, the dollar has gotten stronger, trade war fears are still in the spotlight and rate hikes are still forecasted in the horizon.

September


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Aug 30, 2018 DIA 269/271 Call 0.09 0.00 11.5% expired for profit
Sep 11, 2018 252/254 Put 0.13 0.00 expired for profit
Aug 23, 2018 IWM 178/180 Call 0.10 0.00 10.5% expired for profit
Sep 10, 2018 164/166 Put 0.10 0.00 expired for profit
Aug 29, 2018 SPY 300/302 Call 0.08 0.00 10.4% expired for profit
Sep 10, 2018 278/280 Put 0.12 0.00 expired for profit
The DIA position averaged 11.5%
The IWM position averaged 10.5%
The SPY position averaged 10.4%

Average return for all positions: 10.8%

SPECIAL NOTE ON THIS MONTH'S TRADE: The major averages hit new highs during this cycle despite additional trade war fears between the US and China. This, coupled with the fact that the 10-year note has been above 3.0%, the markets are very optimistic and closing at record levels.

August


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jul 27, 2018 DIA 262.50/265.00 Call 0.16 0.00 11.5% expired for profit
Aug 10, 2018 245.00/247.50 Put 0.11 0.00 expired for profit
Jul 27, 2018 SPY 290/292 Call 0.11 0.00 11.1% expired for profit
Aug 10, 2018 275/277 Put 0.10 0.00 expired for profit
The DIA position averaged 11.5%
The SPY position averaged 11.1%

Average return for all positions: 11.3%

SPECIAL NOTE ON THIS MONTH'S TRADE: Strong earnings fueled the markets this month, inching closer to the record highs set back in February. Fears of an all-out trade war with China put a speed bump in the road but did recover nicely as the two countries agreed to resume talks near the end of the cycle. Turkey was also in the spotlight as its currency plummeted with fears of default. S&P cut Turkey's credit rating deeper into junk territory at the end of the options cycle.

July


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jun 26, 2018 DIA 228/230 Put 0.14 0.00 12.4% expired for profit
Jul 12, 2018 254/256 Call 0.09 0.00 expired for profit
Jun 29, 2018 IWM 154/156 Put 0.13 0.00 11.8% expired for profit
Jul 11, 2018 172/174 Call 0.09 0.00 expired for profit
Jun 28, 2018 SPY 254/256 Put 0.13 0.00 10.7% expired for profit
Jul 13, 2018 284/286 Call 0.07 0.00 expired for profit
The DIA position averaged 12.4%
The IWM position averaged 11.8%
The SPY position averaged 10.7%

Average return for all positions: 11.6%

SPECIAL NOTE ON THIS MONTH'S TRADE: During this cycle, the markets had numerous scares with talks of trade wars with China and our allied partners around the globe. These remarks by President Trump sent Wall Street into selloff mode but only for a day or two. Each time, the markets bounced back and pushed higher. This trend will more than likely continue unless talks of a trade war actually occur.

June


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jun 04, 2018 IWM 169/171 Call 0.08 0.00 4.2% expired for profit
Jun 04, 2018 SPY 281/283 Call 0.09 0.00 4.7% expired for profit
The IWM position averaged 4.2%
The SPY position averaged 4.7%

Average return for all positions: 4.4%

SPECIAL NOTE ON THIS MONTH'S TRADE: During this cycle, the Fed hiked interest rates a quarter point, trade war fears emerged, and the historic Trump-Kim summit actually took place. The markets have handled these events in stride as the major averages all added about 2% during this cycle.

May


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Apr 26, 2018 DIA 227/229 Put 0.14 0.00 12.4% expired for profit
May 11, 2018 253/255 Call 0.09 0.00 expired for profit
Apr 26, 2018 IWM 145/147 Put 0.15 0.00 (3.2%) expired for profit
May 08, 2018 162/164 Call 0.07 0.28 expired for profit
May 03, 2018 SPY 249/251 Put 0.14 0.00 12.4% expired for profit
May 11, 2018 278/280 Call 0.09 0.00 expired for profit
The DIA position averaged 12.4%
The IWM position averaged (3.2%)
The SPY position averaged 12.4%

Average return for all positions: 7.2%

SPECIAL NOTE ON THIS MONTH'S TRADE: The wild swings from just a few months ago are a distant memory at this point. The fears of the 10-year note being above 3.0% have also faded as we've trading above that with no ill effects on the stock market. In fact, the Russell2000 index has been setting record highs one session after another. Things appear to be on the up and up once again so this rally may continue for the time being.

April


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Apr 17, 2018 DIA 241/243 Put 0.13 0.00 7.0% expired for profit
Apr 11, 2018 IWM 158/160 Call 0.15 0.00 8.1% expired for profit
Apr 11, 2018 SPY 274/276 Call 0.13 0.00 11.2% expired for profit
Apr 17, 2018 263/265 Put 0.08 0.00 expired for profit
The DIA position averaged 7.0%
The IWM position averaged 8.1%
The SPY position averaged 11.2%

Average return for all positions: 8.8%

SPECIAL NOTE ON THIS MONTH'S TRADE: The April cycle had some large down days but also had some steady bounces. There are a lot of headwinds with regards to global and economic events. These have muted any consistent rally the bulls manage to put together. On the other side of the coin, selloffs have been contained to a couple of days at the most. Those selloffs are nowhere near the severity of those earlier this year. It appears as if we'll be range-bound for the near future.

March


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Mar 01, 2018 DIA 247 Both 8.95 8.60 4.1% Sold Put for $2.65. Sold Call for $6.30
Feb 26, 2018 DIA 246/248 Put 0.20 0.23 (1.7%) closed 246/248 for 0.03 net debit.
Mar 01, 2018 IWM 150 Both 9.40 4.70 100.0% Sold Put for $0.70. Sold Call for $8.71
Mar 01, 2018 SPY 268 Both 12.27 8.65 41.8% Sold Put for $1.87. Sold Call for $10.40
Feb 28, 2018 SPY 263/265 Put 0.19 0.04 8.3% closed 263/265 for 0.15 net credit.
The DIA position averaged 1.2%
The IWM position averaged 100.0%
The SPY position averaged 25.1%

Average return for all positions: 42.1%

SPECIAL NOTE ON THIS MONTH'S TRADE: Just as the markets began to appear as if it was in rally mode again, inflation fears sparked another selloff. This was definitely not as bad as the selloff a month earlier and it rebounded just as quick. Volatility is still on the table and this takes a while to shake out. Expect to see wild swings in the market as we try to level off.

February


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jan 31, 2018 DIA 251/253 Put 0.18 0.40 (12.1%) closed 251/253 for 0.22 net debit.
Feb 05, 2018 IWM 146/148 Put 0.20 0.00 11.1% expired for profit
Jan 31, 2018 SPY 272/274 Put 0.18 0.30 (6.6%) closed 272/274 for 0.12 net debit.
Feb 09, 2018 SPY 259 Both 16.00 9.00 77.2% Sold Put for $1.05. Sold Call for $14.95
The DIA position averaged (12.1%)
The IWM position averaged 11.1%
The SPY position averaged 35.3%

Average return for all positions: 11.4%

SPECIAL NOTE ON THIS MONTH'S TRADE: The pullback, something analysts have been forecasting for many months, finally happened. The selloff was so sharp, the volatility index spiked over 50 and the major indices hit the 10% correction level within a few trading days. The Dow suffered unprecedented, 4-digit losses on 2 different trading days. Wall Street recovered about half of these losses before the cycle ended. We'll see if we can recover the rest of these losses or retest the lows in the upcoming months.

January


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Dec 29, 2017 IWM 159/161 Call 0.08 0.52 (22.9%) closed 159/161 for 0.44 net debit.
Jan 09, 2018 SPY 279/281 Call 0.14 0.45 (16.7%) closed 279/281 for 0.31 net debit.
The IWM position averaged (22.9%)
The SPY position averaged (16.7%)

Average return for all positions: (19.8%)

SPECIAL NOTE ON THIS MONTH'S TRADE: The markets are still heating up, pushing new record highs, almost on a daily basis. The year has started off on a very positive note and there are no signs of it slowing down. Analysts have been calling for a pullback for months but the markets have said otherwise.