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.
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
**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

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 14

! *$SPX - 1 hour, Correlations: Stocks, Bonds, Yen, Dollar, Gold, Oil. Elder Impulse

2016-2017: Selling Option Premium in Futures: Gold (/GC); Bonds (/ZB); Crude Oil (/CL); S&P's (/ES).
Selling Strangles, Puts & Calls -- Managing the Risk with Delta Hedging.

April12, 2017 - Volatility has been spiking recently. Safe-haven assets; Gold, Bonds, Yen are rallying.

! *$SPX - 10 minute - correlations

! *$VVIX - Daily; 'VIX of the VIX' -- implied volatility of VIX Options

$VIX measures the implied volatility of options on the SPX index

$VVIX (this chart) measures the implied volatility of options on the VIX index - (these are priced off /VX futures).
When this is high people are buying protection with VIX options.

11/18: When Volatility is LOW, I'm buying SPX Calendar Spreads (Delta .40, short 30 day/long 60 day)
exit @ +10%.

! - $ ..NYAD - NYSE Advance-Decline line - Weekly Cumulative, 1024

Breadth is strong.
Watch the 80-line (on the Stocastics 60 period) for the next sell signal. This is a very good signal.

! - $ .NYAD - NASDAQ Advance-Decline line - Weekly Cumulative

! - $ .NYAD - NYSE Advance-Decline Line 'Slo Sto 60' signal; McClellan Oscillator

**Slow Stocastic, 60 period: this is a great signal for when to lower risk or add risk in a portfolio. **
Aug 17th: Getting very close to a sell signal
Aug 10, 2017: McClellan Oscillator is OVERSOLD; also Sto 14 is oversold
4/1/17: Market Breadth is still strongly positive. Holding Longs

! - $NYSI - .Summation Index: 'Hedge core portfolio when breadth gets weak'

'The Summation Index is a breadth indicator based on Net Advances (advancing issues less declining issues).
When market breadth turns down (declining stocks are increasing relative to advancing stocks), it's a good time to lower risk.
Aug 14, 2017: Breadth is still solidly positive .

! - $NYSI - Hedge Timing: NYSE Summation Index, McClellan Osc'l below

Measures market breadth: Watch Zero Line for hedges.
Hedge portfolio when Summation Index is below Zero
'The Summation Index is a breadth indicator based on Net Advances (advancing issues less declining issues). The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above and below the zero line.'

August 14, 2017: NYMO - (Mcclellan Oscillator) got very low.

! - $SPX - 7 years, Weekly- BreakPointTrades.com

July/August 2016: We have a Monthly volatility squeeze breaking to the upside:

! - $SPX - Daily

3/7: Portfolio Hedge: copy and paste this link:

4/1/17: Consolidation throughout March
4/23 overnight: closed hedges Sunday night, after the French election

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