All in Cash and loving it.

PORTFOLIO GREEKS
Delta: 0.0
Gamma: 0.0
Theta: 0.0
Vega: 0.0

Every night I'll try to post my thoughts as to how I feel the paper-trading portfolio is positioned for the next day/week of trading. As you can see from the "Greek List" above, the portfolio is currently in all cash. I went to all cash as of market close June 19th (June expiration). This is the first time the portfolio is in all cash since it started in January. The two weeks leading up to June expiration were highly volatile, as well as the most profitable 2 week period for the portfolio. The portfolio grew from just over $124k on June 2, all the way up to $136k on June 19th--a huge profit by any stretch of the imagination. I didn't really like how my Greeks were lining up across my back-months once all my June's expired, so I thought I would start with clean slate by going to cash. Since I'm up big for the year, and the Fed meets this coming week, I'm content to sit in cash until Friday, after we hear what Mr. Bernanke has to say.

At Friday June 30th close, I'll sell some near month July premium, as well as load my back month book up with some calendars/diagonals 3 to 4 months out. We'll see how the VIX is trading on Friday to determine the ratio of how much premium I decide to sell in July versus how much volatility I want to buy via my calendars. Coincidentally, since I'm starting from this nice clean slate of cash, you can see how I build the portfolio from the ground up.

Since there are a few days between now and Friday, the rest of the week I'll post my trading methodology in these pages of the Trading Log.