It was a short week due to the July 4th long weekend. The back to back of week 4 and month end stack up the returns if they are winning weeks. This week along with month end on Tuesday added $4500 to my earnings.
Volatility turned up on Monday after Greek government walked out of debt negotiation over the weekend. Some of my early entries got pushed underwater. I need to refine my entry criteria to make my positions able to survive a 10% within 30 day drop. One way I can think of right now is to enter my first run of positions with Karen's setup with naked or spread. The DTE is about 50-60 days, 17% and 2.5 STD from current price on the down side for current uptrend market. Also if VIX is above 15 I then will switch PITM to POT.
I will then add more positions between 30-45 DTE when conditions are right. I will try to exit my regular positions with 75-90% profit depending on market conditions.
Wheat and corn turned to against me on the call side after a big jump following USDA Acreage and Stock report of 6-30. I will have to manage my positions from the opposite direction with seasonality.
No comments:
Post a Comment