Optionkaki Apr 2017 Gathering 2

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Nonya’s Ratio Spread


Reflection for the month of Apr Option Result

1. Testing of TPR strategy does not work as plan but learned that if it hit 0% or 100% it can push the LR to higher or lower, can take advantage of such movement and sell with trend
2. Buy option is 50-50 chance and need to limit the cost of not less than $100 and two longer time duration
3. CK Swing or breakout trade testing ended in losses as I cut loss too early most of the stock ended up XOOM, ZIXI
4. The sell option strategy is still the main income earner
5. The buy strategy ended in major losses, still have not perfected it yet like VGK, EUFN, EWQ and EWG
6. Option contract getting larget and larget due to testing of many strategies, In month of May is the most option buy and sold in a single day (no planning or portfolio sizing as still testing new concepts without considering the entry timing, still testing many new strategies and concept using live account)
7. Conclude that Sell OTM option strategy is still the key to passive income

Monthly Option Expiring on 16 Jan 2015

For this month option play, I chose ; GPRO, HLF, BIG, ESI, EZPW, JCP

Likely the market will open bullish on Monday and will start to sell call for those existing holding. I will monitor YINN and RUSL for stronger indicative movement else will skip.

Intention to sell away more stocks to free up for cash for the next opportunity.

20 Jan 2015: Total over 130+ contracts this month and 5 assignment. Overall, the results is good but the option for futures wipe out my 3 months profit that is not so good. Option for futures is high risk and double leverage so must use with care.