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October


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Oct 04, 2019 DIA 250/252 Put 0.19 0.00 10.5% expired for profit
Sep 30, 2019 IWM 143/145 Put 0.19 0.00 10.5% expired for profit
Oct 04, 2019 SPY 278/280 Put 0.19 0.00 10.5% expired for profit
The DIA position averaged 10.5%
The IWM position averaged 10.5%
The SPY position averaged 10.5%

Average return for all positions: 10.5%

SPECIAL NOTE ON THIS MONTH'S TRADE: During this options cycle, the Fed cut rates as expected, the US and China held trade negotiations successfully, and the major averages climbed back up to record levels. As long as economic data and trade talks remain positive, Wall Street may make another attempt to set new highs.

September


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Aug 29, 2019 IWM 138/140 Put 0.19 0.00 10.5% expired for profit
Aug 29, 2019 SPY 273/275 Put 0.18 0.00 9.9% expired for profit
The IWM position averaged 10.5%
The SPY position averaged 9.9%

Average return for all positions: 10.2%

SPECIAL NOTE ON THIS MONTH'S TRADE: The September cycle was pretty calm as Wall Street recovered from the selloff in August. As we near record highs once again, focus will be on the ongoing trade talks between US and China. Negotiations have been tense with little progress to show for it. Markets will remain on edge with the trade talks until something is finalized.

August


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Aug 08, 2019 DIA 251/253 Put 0.20 0.44 (13.3%) closed 251/253 for 0.24 net debit
Aug 08, 2019 IWM 144/146 Put 0.18 0.58 (22.0%) closed 144/146 for 0.40 net debit
Aug 01, 2019 SPY 288/290 Put 0.12 0.47 (18.6%) closed 288/290 for 0.35 net debit
Aug 09, 2019 SPY 281/283 Put 0.18 0.46 (15.4%) closed 281/283 for 0.28 net debit
The DIA position averaged (13.3%)
The IWM position averaged (22.0%)
The SPY position averaged (17.0%)

Average return for all positions: (17.4%)

SPECIAL NOTE ON THIS MONTH'S TRADE: The Fed decided to cut rates for the first time in over 10 years. As Wall Street digested the news, the US-China trade war ratcheted up a bit. Additional tariffs were threatened, currency manipulated, and bond rates fell. The yield curve inverted briefly, flashing a possible recession sign on the horizon. It doesn't always mean a recession but a recession is always preceded by an inverted yield curve.

July


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jul 05, 2019 DIA 275/277 Call 0.10 0.00 10.5% expired for profit
Jul 10, 2019 261/263 Put 0.10 0.00 expired for profit
Jul 01, 2019 IWM 162/164 Call 0.11 0.00 11.1% expired for profit
Jul 10, 2019 149/151 Put 0.10 0.00 expired for profit
Jul 01, 2019 SPY 304/306 Call 0.09 0.00 10.5% expired for profit
Jul 11, 2019 292/294 Put 0.11 0.00 expired for profit
The DIA position averaged 10.5%
The IWM position averaged 11.1%
The SPY position averaged 10.5%

Average return for all positions: 10.7%

SPECIAL NOTE ON THIS MONTH'S TRADE: Wall Street had a bit of a roller coaster ride this cycle as trade wars and interest rates directed the markets. Trade tensions have eased a bit with China but there is no new deal. The Fed is expected to cut interest rates at the end of July. What actually happens will more than likely dictate how the markets trade in the weeks to follow.

June


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jun 20, 2019 DIA 264/266 Put 0.25 0.00 14.3% expired for profit
May 31, 2019 IWM 133/135 Put 0.13 0.00 (43.9%) expired for profit
Jun 06, 2019 155/157 Call 0.10 1.05 closed 155/157 for 0.95 net debit
Jun 20, 2019 SPY 291/293 Put 0.25 0.00 14.3% expired for profit
The DIA position averaged 14.3%
The IWM position averaged (43.9%)
The SPY position averaged 14.3%

Average return for all positions: (5.1%)

SPECIAL NOTE ON THIS MONTH'S TRADE: The Federal Reserve stole the spotlight this cycle giving hints of possible interest rate cuts. When this may happen is up for debate. Sensing future rate cuts, the markets closed in on record highs towards the end of the options cycle.

May


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Apr 26, 2019 DIA 253/255 Put 0.14 0.49 (18.8%) closed 253/255 for 0.35 net debit
Apr 26, 2019 IWM 149/151 Put 0.15 0.46 (16.8%) closed 149/151 for 0.31 net debit
May 03, 2019 SPY 283/285 Put 0.15 0.55 (21.6%) closed 283/285 for 0.40 net debit
The DIA position averaged (18.8%)
The IWM position averaged (16.8%)
The SPY position averaged (21.6%)

Average return for all positions: (19.1%)

SPECIAL NOTE ON THIS MONTH'S TRADE: Tariff wars with China dictated how the markets traded this cycle. With no solution in the foreseeable future, Wall Street sold off. We did bounce off those lows but until we get a resolution, further dips may be ahead.

April


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Apr 05, 2019 IWM 163/165 Call 0.07 0.00 3.6% expired for profit
Apr 05, 2019 SPY 296/298 Call 0.07 0.00 3.6% expired for profit
The IWM position averaged 3.6%
The SPY position averaged 3.6%

Average return for all positions: 3.6%

SPECIAL NOTE ON THIS MONTH'S TRADE: April made some hefty gains for the major averages. We are approaching the highs that were set back in September of 2018. Earnings are taking the spotlight again as the Fed continues to hold rates steady. The China trade talks have not had any significant developments and our economy is doing well.

March


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Mar 05, 2019 DIA 249/251 Put 0.16 0.00 8.7% expired for profit
Mar 01, 2019 IWM 150/152 Put 0.17 0.00 9.3% expired for profit
Mar 01, 2019 SPY 269/271 Put 0.17 0.00 9.3% expired for profit
The DIA position averaged 8.7%
The IWM position averaged 9.3%
The SPY position averaged 9.3%

Average return for all positions: 9.1%

SPECIAL NOTE ON THIS MONTH'S TRADE: The March cycle experienced a bit of a scare as the markets sold off for a few weeks. We seemed to have a hit a bottom for now even though some analysts believe we will still test recent lows. Wall Street may be range-bound until we break out of key resistance or support levels.

February


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jan 30, 2019 IWM 137/139 Put 0.14 0.00 (21.5%)
Feb 07, 2019 154/156 Call 0.06 0.60 closed 137/139 for 0.46 net debit
The IWM position averaged (21.5%)

Average return for all positions: (21.5%)

SPECIAL NOTE ON THIS MONTH'S TRADE: The markets spiked in the final week of the cycle. Renewed hopes of a China trade deal fueled the rally and took the markets to certain resistance levels. How high we go, if we break those levels, remains to be seen.

January


Open Date Underlying Strikes Type Credit Debit Result Trade Notes
Jan 02, 2019 DIA 215.00/217.50 Put 0.19 0.00 13.4% expired for profit
Jan 10, 2019 247.50/250.00 Call 0.12 0.00 expired for profit
Jan 04, 2019 IWM 126/128 Put 0.14 0.00 11.8% expired for profit
Jan 11, 2019 149/151 Call 0.08 0.00 expired for profit
Jan 04, 2019 SPY 233/235 Put 0.14 0.00 10.8% expired for profit
Jan 11, 2019 267/269 Call 0.06 0.00 expired for profit
The DIA position averaged 13.4%
The IWM position averaged 11.8%
The SPY position averaged 10.8%

Average return for all positions: 12.0%

SPECIAL NOTE ON THIS MONTH'S TRADE: Wall Street seems to have stabilized and December's rout is in the rear view. With the Fed committed to adjusting their rate hikes based on the economy, traders can focus on earnings and improving trade relations with China.