February 2017 – Options Income
January was a very good month. In February I let it slide. I did not follow my own rules and was under-invested. So the result is also lower than usual.
Far OTM option selling (MTM)
- January: 1.9k
- February: 0.5k
Far OTM option selling (closed trades)
- January: 1.6k
- February: 0.8k
In March I will report about a second account, where I trade a similar put selling strategy. The starting balance is 20k. All numbers are in US Dollar.
Like I said above, I did not follow my own rules in February. I did not open new trades as soon as old trades expired (thought the market is too high, IV too low). And there even was a period of 10 days where my account was empty! In my backtests I reopen on the same day of the exit. I even tested waiting one day – it results in less total profits. But still, in real life I think I’m more clever. This is an area I’m working on.
EurFI - European way to Financial Independence 
Investment Hunting 7:34 on 2017-03-02 Permalink |
Great results
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eurfi 16:59 on 2017-03-02 Permalink |
Thanks. Actually I’m disappointed, both about not following my rules and the – in my opinion – not so great result. But the year has 10 months left to make it better…
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Einnahmen Februar 2017 â Community Edition - easydividend 15:39 on 2017-03-10 Permalink |
[…] EurFI […]
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Kilian 20:39 on 2017-03-10 Permalink |
Hi, I found you through easydividend’s link. I love how you also care more about MTM than closed trades. In my mind, MTM is the relevant measure. Options’ premium is dependent on the principal – in this case the strike of the underlying. If this underlying erodes, we get less premium. Therefore, reporting both numbers seems to be the sensible thing to do! đ
I wish you all the best for the months to come.
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eurfi 22:44 on 2017-03-10 Permalink |
In a bull market (like now) the difference may be small, but in a bear market the difference might be huge (when you were assigned to a much higher price).
Thanks, February was weak for me. March might be better…
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March 2017 – Options Income | EurFI - European way to Financial Independence 20:07 on 2017-04-01 Permalink |
[…] February 2017 – Options Income […]
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