Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Monday, December 28, 2015
1:00 pm Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Thursday, December 17, 2015
1pm Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Wednesday, December 16, 2015
2:30 pm Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
1:45 pm Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
9:00 am Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Tuesday, December 15, 2015
12:30 Update
Positions closed today and new positions are highlighted.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
10:00 AM Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Monday, December 14, 2015
2pm Position Update
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
AM Update
8:00 am update:
We liquidated some positions in Gold and Bonds ahead of the Fed meeting on Wednesday. There will probably be few trades between now and then (other than liquidation orders).
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
We liquidated some positions in Gold and Bonds ahead of the Fed meeting on Wednesday. There will probably be few trades between now and then (other than liquidation orders).
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Friday, December 11, 2015
Afternoon Update
Below are current positions in our actual $50,000 Options account. New positions taken today are highlighted.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
11am Update
11:00 am update. New position taken is highlighted.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
8:45 AM Position Update
Below are updated positions as of 8:45 am.
New trades will be highlighted.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
New trades will be highlighted.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Thursday, December 10, 2015
Positions as of 1:10 PM
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Positions as of 9:00 AM
One long bond call was liquidated.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Wednesday, December 9, 2015
10:00 AM Update
Below are current positions as of 10:00 this morning. Note that no new trades were taken today.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Tuesday, December 8, 2015
December 8 : AM Update on Positions
Attached are positions as of 10:30 am. You will note that we liquidated and instituted a new position in crude. In the current position we would be collecting less than $2 per day in time decay. We like to be able to collect a minimum of around $8 per day in time decay.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Monday, December 7, 2015
Noon Update
Closed and open positions as of 12:00 pm.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
December 7 : AM Positions Update
Attached is the update on positions and value of options in the 50K account. Please note we are up 1% on $50,000 for the month. Margin required is $40,200. This is an actual account.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Friday, December 4, 2015
Update at 10:50am
Attached are the updates as of 10:50 am.
You will note that we have bracketed the ES's with calls at 2150/2200 and 1810 March puts.
If the market stays inside this range, we will make about $1800 by March 15th, or about $20 per day.
If it takes out one side and not the other, and we limit our loss on that side to $800, we will break even.
You will note that we have bracketed the ES's with calls at 2150/2200 and 1810 March puts.
If the market stays inside this range, we will make about $1800 by March 15th, or about $20 per day.
If it takes out one side and not the other, and we limit our loss on that side to $800, we will break even.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Morning Update
Positions held as of 8:20 am.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Thursday, December 3, 2015
December 3rd Options Morning Update
Updates as of 9:00 am.
Margin requirement $29,860
We are essentially through with early month selling of puts and calls.
Our time decay on all positions is about $100 day. This would return 50% of equity,
if we collect all of this - this will not happen. The primary goal is to monitor
positions and keep losses on any 1 side to less than $500 or 200% of amount collected, If the
market hits one side but not the other it will be a break even trade. Our objective is to
collect 25% on $50K.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
We are essentially through with early month selling of puts and calls.
Our time decay on all positions is about $100 day. This would return 50% of equity,
if we collect all of this - this will not happen. The primary goal is to monitor
positions and keep losses on any 1 side to less than $500 or 200% of amount collected, If the
market hits one side but not the other it will be a break even trade. Our objective is to
collect 25% on $50K.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Wednesday, December 2, 2015
Afternoon Update on Positions
The following is the final post for today. Note that our balance is $59,445. Margin requirement is $21,200. There's always heavy trading around the 1st of the month as this is when we primarily establish new positions.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
 |
| Time 2:15 pm |
March 149 Calls were sold at 44/64. (This is not reflected above)
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Positions Closed at 10:00 am
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
December 2 Option Strategy & Positions
Strategy
Our primary strategy is to collect $8-$15 per day in time decay on each position. Entry techniques are based on technical trading. For instance, we closed out some long calls yesterday when the market gapped open and had follow through. It varies whether we short expiration short term or long term expiration options. The benefit of shorting far out options is they require little maintenance.
Exhibit 1 shows the closing balance on December 1 with the close out trades.
Exhibit 2 shows the positions as of this morning. We're looking at several markets to enter new positions today. We'll keep you posted.
Our primary strategy is to collect $8-$15 per day in time decay on each position. Entry techniques are based on technical trading. For instance, we closed out some long calls yesterday when the market gapped open and had follow through. It varies whether we short expiration short term or long term expiration options. The benefit of shorting far out options is they require little maintenance.
Exhibit 1 shows the closing balance on December 1 with the close out trades.
Disclaimer: Past performance is not indicative of future results. You can lose money trading futures and options.
Tuesday, December 1, 2015
Welcome to John Hill's 50K Options Program
I have been trading stocks, futures and options for 55 years. In fact my $50K option program has been very productive over the past twelve months. In this blog I plan on discussing my methodology and disclosing my current positions. This blog will be free for the next couple of months and then will be offered for $50 a month thereafter. Here are the returns since the beginning of 2015. Remember trading commodity futures/options is highly risky and past performance is not necessarily indicative of future results. You can also contact me at www.ftruth@aol.com.
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