Finally got a bit of a pullback today. Closing down the put side and rolling out and up to Sept to cover the loss.
BTC SPY Aug 12 140/43 bear call spreads for ($0.96-$0.06) x 100 x 11 spreads = $990 paid vs $440 received = $550 loss
Closed out the put side of these iron condors for $0.04. Will try to redeploy one last time in August if we get a good pullback, though it's not looking likely.
BTC SPY Aug 12 132/129 bull put spreads for ($0.07-$0.03) x 100 x 11 spreads = $44 paid vs $308 received = $264
Got a decent push down the last few days as well sell the news, as I pretty much expected. Hasn't been panicky with $RUT, $VIX, and $QQQ not seeing much of a hit. Taking this opportunity to move the call spreads up a strike by reselling the put spreads, albeit at higher strikes. Keeping both sides out of the contracting Bollinger band
Net credit on this adjustment is $0.04 per lot.
Sold SPY Aug 12 132/129 bull put spreads for ($0.53-$0.25) x 100 x 11 spreads = $308 premium received
BTC SPY Aug 12 139/141 bear call spreads for ($0.85-$0.21) x 100 x 11 spreads = $704 paid vs. $968 received = $264 profit
Sold SPY Aug 12 140/143 bear call spreads for ($0.53-$0.13) x 100 x 11 spreads = $440 premium received
Closing down the put side of these iron condors. Will redeploy depending on what happens Wed/Thurs with the central bank meetings.
BTC SPY Aug 12 128/125 bull put spreads for ($0.16-$0.10) x 100 x 10 spreads = $60 paid vs. $300 received = $240 profit
Adding the put side today after the weakness of the past two days. Giving it as much room as possible based on the market conditions post from last night. Under the Bollinger band, all the major moving averages, and 3.6 ATRs away. Currently an 85% chance of achieving max profit.
If we get a decent bounce this week I can close them down for a quick profit and try to redeploy them.
Sold SPY Aug 12 128/125 bull put spreads for ($0.75-$0.45) x 100 x 10 spreads = $300 premium received
As mentioned in this post, I rolled the call side of these iron condors out to August. The market has just been too strong, even given the poor data that has been coming out. Too much hope that QE3 will be announced is causing us to climb a wall.
Adding an extra lot to help pay for the roll. Will add put spreads with a pullback.
Sold SPY Aug 12 139/141 bear call spreads for ($1.32-$0.44) x 100 x 11 spreads = $968 premium received