1 - Options Trades as Long Term Investments

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.

**Recent Trades:
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

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

Managing existing positions:
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

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)

STO RUT Feb 1400/1600 stangle @ 22.25 (exit order: BTC @ 11.00)
BX: STO put;
WMT - STO 95Put, 98 & 99Calls
SQ: STO Jan 37Put
STMP: STO Feb 160Put

Dec 4th:
Treasury bond spread: Buy Notes /ZN (10 YEAR); Sell Bonds /ZB (30 YEAR)

Nov 30th:
sold FB put spds;
sold NQ (nasdaq 100) puts;
SQ: sold a put, bought an ITM call;
JWN: sold a straddle against previously bought long calls. ('covered straddle')

Nov 29th overnight (pre-market): Selling Nasdaq puts tonight on this pullback
STO: NQ 6300 P @ $72 (Dec, 15DTE) [delta .50]
STO: NQ 6200 P @ $72 (JanWk1, 36DTE)[delta .36]

Wed. Nov 28th:
closed Jan Crude Oil short strangles and short puts

closed 10yr-30yr bond spread - big pop yesterday (bonds down; spread up) with the

$USD - US Dollar

$VIX - timing signal: PPO 5,63 (Sell Volatility when the 5ema is 20% or more above the 63ema))

Sell Volatility when the 5ema is 20% or more above the 63ema. (scale on the Left)
How does one sell volatility? by selling options.
Sell calls on VXX or VIX; Sell puts on SVXY; Sell straddles or strangles on SPY, SPX, QQQ, etc...

$VIX:$VXV Ratio - spot vix / 3 month vix - EXIT Short Volatility Trades >> .917


$VVIX - 3 Years


$VXV - 3 Month VIX, $SPX below

The 3-month VIX contracts are less volatile than the Front-Month. They're less risky & easier to trade.

$VXV - VIX Index 3 months out

* VXX - 2011 volitility spike; SPX & xiv below (svxy didn't exist yet)

.*SPY - Weekly Elder Impulse System, 900

..SVXY - Weekly (similar to selling VXX short)

Jan 14 & 15: sold puts

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