I was 5 for 5 in September -- to include the original short positions in the 2 Sep Deutsche Bank Commodities (DBC) 22 puts and the Sep S&P 500 Double-Short (SDS) 39 put.
But it was too close for my comfort level (22.43 for the DBC and 39.67 for the SDS), so I added a contract and rolled them down and forward to Oct. The DBC is now a 3 contract 20-21, 24-25 iron condor with a net credit of ~$102 and the SDS is now a 2 contract 36 put short position with a net credit of ~$74.
For those (few) folks who read this blog to see my political screeds, this options stuff is probably not very interesting, but for me, maintaining the freedom to succeed or fail in the capital, commodities and interest rate markets with minimal government interference is a vital part of preserving the Western way of life. Ideally, these markets (to include the derivatives markets) are the vehicles for providing capital formation, price discovery, liquidity and credit in the economy -- and, in return, participants are rewarded or punished based on how well they provide these services.
But I understand that options trading isn't the economic vehicle of choice for most people -- so for those who are interested, I'll be starting a new financial freedom blog in the next few weeks and begin posting my trading strategies and results there.
Labels: options ETF SDS DBC blog