My Real $ Portfolio Trading Results

CLICK HERE




JUSTINLENT.COM focuses on 4 things...

#1. Direction-Neutral Options Trading
#2. Uncorrelated Trading Strategies
#3. Directional Futures Trading
#4. Strategies for Speculation

...and if that doesn't excite you... well... you're probably better off playing the lottery!


Date Portfolio Value (with Gross P/L) Portfolio Value (with Net P/L)
01-28-06
$100,000
$100,000
02-28-06
102,962
102,038
03-31-06
109,640
107,774
04-14-06
116,013
113,797
05-11-06
123,771
120,680
06-02-06
128,367
124,319
07-02-06
141,640
136,139
07-19-06
146,676
140,798
07-31-06
147,534
141,525
07-31-06
148,532
142,523

The JustinLent.com $100,000 "Paper-Folio"

The "Paper-Folio," started in January 2006, is now profitable:
 +42.5% Year-to-date.
CLICK HERE to see the actual trades.
(Excel format available for download.)

I do all my trading at www.ThinkOrSwim.com

***I started paper-trading this strategy as a hobby since I had to stop trading it for my real portfolio due to trading restrictions imposed by my new employer (a large Wall Street firm). I still paper-trade it simply because I'm passionate about options-trading, and I want to keep my hand in it so these trading skills stay sharp***

To see the results I achieved while trading this for 18 months in my real portfolio, click here.

If you're interested in hearing more about the strategy, contact me at: justin@justinlent.com

Speculative Insights & "Paper-Folio" Options Trading

Analysis of the hedging and rebalancing of a "direction-neutral" option portfolio's greeks, as well as insights on directionally trading other *hot* markets.

Tuesday, July 04, 2006

Greeks going into July 5th

PORTFOLIO GREEKS (SPX beta-weighted)
Delta: 10.6
Gamma: 0.1
Theta: 26.0
Vega: 481.9
Buying power: $121,079

I put on a diagonal position in the SPY (JUL/SEP) and another diagonal position in the IWM (AUG/NOV) on Monday going into the July 4th holiday. Nothing big, as you can see from the buying power left. I wasn't compelled to sell much July premium as the market rallied pretty good Monday and the VIX is about 1 standard deviation below its 40-day moving avg (See yellow circle highlight at right of chart). Since vol is "statistically cheap" I decided to buy diagonals and buy volatility (as you can see from my positive vega). I suspected that the market will get a down day or two this week to pop the VIX back up a bit which will allow me to sell some premium with better premium. It looks like Wednesday I'll get the chance as the futures are pointing lower with all this N. Korea missile testing news hitting the headlines.

posted by Justin @ 5:24 PM  

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