Welcome to Blazing Straddles!

Trading options on stocks and indexes.

The goal is to generate consistent monthly income with very little risk or volatility whether the market is up or down.
The posts on this website are not trade recommendations. Not every trade will be profitable but losses will be limited.

Tuesday, August 9, 2016

New Position ..

Short 5 Aug19 218.50 calls Long 10 Aug19 221 calls
Net credit 343
At risk 907
No good Greek readings yet

Closed GLD Position

Small $26 profit after commissions
But I'll take it
This position ran against me from the start - and the long strikes did not provide the protection I needed
But anyway - it is a profit - and I'll take that any day

Strong Open ..

for our position
Currently up $157 for the day - and position in total is now positive

Morning Update ..

GLD - still only open position
Down $145 before the open
Delta +323
Theta - 15

Monday, August 8, 2016


GLD - only position open
Delta +299
Theta -4
Hoping for a movement upwards
Right now premarket indicates a flat open

Friday, August 5, 2016

New Position

Short 4 Aug12 129 puts Long 8 Aug12 125 puts
Net credit $502
At risk $1098
Delta +39
Theta -6

Closed SPY & AMZN

$39 profit after commissions
Never was a very good trade - but at least it was profitable
$31 profit after commissions
Should have been a better trade but went against me from the beginning
Again - at least it was profitable
The account in total is doing very well this month
Looking now at GLD and GOLD