Note: As stated in the first article for the GTC Sample Portfolio, we’re keeping our quantitative processes private; but will share the moves we make on an actual portfolio, and then show the results via a Grid, VAMI and performance statistics. And please note our risk statement. You can find the previous post for the GTC Sample Portfolio here.
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We post adjustments to our trades to both Tier 1 and Tier 2 Members as they occur. But, so that we have such a public update? Let’s discuss our trades last week.
We first rolled the July SPY Call spread from last week, at the first sign of strength in the market. So to gain some duration, we closed that spread down at 1.16 per spread (1 per 50k) which caused a total cost on that spread of -0.59 (initial premium – cost to close, per 50k). Then to roll; we sold the 16 Aug 580/90 Call Spreads (1 per 50k) for a net credit of 0.80.
We then closed the previous outright NVDA trade at $131.63 for a small profit there. I wasn’t about to let a winning trade to turn into a loser. Even if we whiffle-balled the entrance. And closed the NVDA put we sold, for a small small profit as well, something like 0.08 per 50k (slightly higher than a scratch).
After which, we sold a 16 Aug TLT 89/98 Strangle for 0.37 (1 per 50k). Then we sold a 16 Aug USO 89/74 Strangle for 0.60 (1 per 50k).
Naturally, we still have our other longer term positions (unhedged). That portion of the portfolio is currently paying a monthly income of $16.07 which we are rolling back into similar future purchases. The yield on cost at the moment for these longer-term positions is 2.25% and growing. Currently, those positions consist of …
6 shares of Medtronic (MDT) at $82.979
3 shares of International Business Machines (IBM) at $170.06
30 shares of Invesco’s Emerging Markets Sovereign Debt ETF (PCY) at $18.72
13 shares of Invesco’s S&P 500 High Dividend Low Volatility ETF (SPHD) at $42.31
9 shares of SPDR’s Utilities Sector Fund ETF (XLU) at $62.22
6 shares of SPDR’s High Yield Bond ETF (JNK) at $91.17
13 shares of Kroger (KR) at $45.92
1 share of Coscto (COST) at $506.90
3 shares of Union Pacific (UNP) at $206.73
13 shares of Wells Fargo (WFC) at $41.82
4 shares of Diageo PLC (DEO) at $152.06
15 shares of WisdomTree’s U.S. Efficient Core Fund at $35.67
3 shares of Chicago Mercantile Exchange (CME) at $198.48
And the dividends on all of those pieces are being recorded, as they come in.
Remember, that we are running a 7 day free trial for Tier 2 Members, in which we discuss the quantitative why, and how of these trades.
Stay safe and trade well …
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Disclaimer: None of the thoughts or posts at GTC Traders / gtctraders.com constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. GTC Traders simply writes such articles to delineate their thoughts for their own edification; as they allows ones to ‘look over their shoulder’ through such posts. All thoughts posted are simply individual thoughts as to process as of the time of writing, and are subject to change without notification to readers of this website. Stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of stocks and options may fluctuate, and, as a result, any trader may lose more than their original investment; especially in the case of the use of options. Any content on gtctraders.com should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make.