1 - Options Trades as Long Term Investments

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Martin Mansour

Multi-Part Options Trades. My personal positions & investments.
Get a Price Discount & Reduce Risk -- by combining options and selling some premium.
Options Income Trades - Short Strangles on SPX (/ES futures) when volatility spikes; Lately have been selling premium in the Bond Futures (ZB), Gold (GC) & Oil (CL) because they're less correlated to stocks.
Market Breadth: McClellan Oscillator, Summation Index; $VIX , Put-Call Ratio, Advance-Decline, $TICK, $TRIN.
** FUTURES -- selling premium (short options for income) in Bonds ZB: and Crude Oil CL; some tail-risk hedges are in place.
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PORTFOLIO HEDGE: Dec 16, 2017: 1 of these per $27,000 of SPY equivalent portfolio exposure
SPY: http://postmyimage.com/img2/856_Atomic_Hedge_Variation_Call_sp.png
QQQ: http://postmyimage.com/img2/243_Atomic_Hedge_QQQ_2017_Dec_18.png
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**Recent Trades:
1/05: BTO EDU Feb 95-100Call Spd @ 2.55; added long deltas to crude oil short strangles.
1/02: SoldtoOpen: NQ 6300 and 6400Puts; Bought KWEB calls, and Sold puts (to open);
BTO AAPL Feb 145C; BTO SBUX June 50C.

12/17: Long 'NOB' Treasury bond spread: Bought Notes /ZN (10 YEAR); Sold Bonds /ZB (30 YEAR)
12/18 Closed NOB spread

12/14-15: closed lots of positions:
GOOGL short put spd, SHOP short put spd, JWN long call spd, NTES long call spd, MDT long call, SPWR short put,

Dec 12th: EXITed Bond spread trade pre-FED announcement

Dec 7th: New Positions:
KWEB: (CHINA ETF: TenCent 12%, BABA 10%, BIDU 10%, JD 6% )
BTO Jan 51C @ 5.4
BTO Feb 51C @ 6.1
STO 56/48 Put Spd @ 1.95

EEM:
REG: Combo: BTO Jan 45C; STO 46P @ .05
IRA: Ratio: BTO 44C (x2) ; STO 47/42 put spd (x1) @ 42.37

Managing existing positions:
CLOSING
SKX Jan 26.67 short puts @ .05
BX Dec short puts
VNQ Jan short put spd
IYR Jan short put spd
LULU Jan long 77.5C @ 1.47
NQ 6300 short put @ 30.00

Opening
BX Feb 33 short Put
NQ STO DecWk4 6300P @ 43.50
lots of CL crude oil - closing some Jan expiry (Feb); opening some Feb expiry (Mar)

12/07:
STO RUT Feb 14

! * . Bond Trade: NOB: notes / bonds - Spread Trade

The first two charts are the Notes/Bond trade.

Notes are 10 year government Bonds (ETF: IEF); (Futures: ZN)
Bonds are 30 year government Bonds (ETF: TLT) (Futures: ZB)

NOTES and BONDS are highly correlated. (they trade together over 90% of the time)
When the pair diverge, trade the pair for a reversion to the mean (back to neutral)

*-Dec 17th - Long NOB spd: LONG /ZN; SHORT /ZB; 12/18 Closed NOB spread

-Nov 16th pre-market: LONG NOB Spread: sold /ZB, bought /ZN
Nov 29th: EXITED

Nov 8th: Bonds (blue line) were much higher than Notes.
-Sold short the Bonds; Bought the Notes
sold /ZB, bought /ZN

http://postmyimage.com/img2/612_NOB_11_08_2017.png
http://postmyimage.com/img2/776_NOB_exit_11_10_2017.png

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