2020: Week 8

This was the week I’ve been waiting for since the beginning of the year when I put on my first Iron Condor. I needed EEM to end the week anywhere between $43 and $48 per share. On Friday afternoon it was hovering in the mid $43’s. I was pretty sure I would be safe holding my Iron Condor till the end of the day, but as the whole market was incing downwards I couldn’t be 100% sure of it.

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2020: Week 7

This was another wait and see week. And this week I got to see the benefits of time decay. My Iron Condor in EEM expires next week, and boy is it starting to show. This week its starting value was at $26, and by Friday had dropped all the way to $7. (That’s a good thing for me.) My original goal was to take this trade off around 50% profit, but since I’m so near to the final expiration I have decided top let it go and collect the full $21 credit.

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2020: Week 3

This week was pretty calm for me. In selling options sometimes you just need to wait for the time decay to play out. And it is playing out. My two Iron Condors both decreased in value (that’s a good thing for me.) I’m up a combined $13. With over a month to go until expiration anything is still possible, but I’m hopeful I can close out one of the two positions next week.

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2020: Week 2

Week two of 2020 is off to a good start. My micro-trading account is up 13 percent. While everything I’m doing right now is still statistically meaningless, I’ve made some good choices so far and I’m hopeful as I follow my new strategy. (I’ll go into more detail on all of that in a regular blog post.)

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