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.
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**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

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 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
http://postmyimage.com/img2/182_CLF8_Jan_18_CrudeOil_Exit.pn...

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

! - $ ..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. **
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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.
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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
...
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:mcclellan_summation
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'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.'
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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:
http://tinyurl.com/juu9wo3

! - $SPX - Daily

3/7: Portfolio Hedge: copy and paste this link:
http://postmyimage.com/img2/158_Risk_Twist_June_30_2017_expiry.png

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

! - $SPXA50R - Weekly

! - ..NDX - daily; (see $VXN below)

4/1/17: Nasdaq is still strong

! - ..NDX - Two Hour chart

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