November 2014 N225 Call Spread

Sep-3, I sold a N225 Call Spread 17250/17500 when N225 was at 15795.71.

Details:
Buy N225 October 17500 Call at 33 (Delta: 0.0702)
Sell N225 October 17250 Call at 50 (Delta: 0.0974)

N225 at 15795.71 (~1454 points upside)


Credit received : 17 (JPY 17,000)
Max risk: 233 (JPY 233,000)
Margin: JPY 100,000
ROM: 17%
Days to expiration (DTE): 72

Below is the chart as at close of 3-Sep:

This the P&L Chart as at close of 3-Sep:

Related Posts:

Sep-19: Add November 2014 N225 Call Spread

Details:

Buy N225 October 17625 Call at 35 (Delta: 0.0792)
Sell N225 October 17375 Call at 50 (Delta: 0.1187)

N225 at 16274.20 (~1100 points upside)

Credit received : 20 (JPY 20,000)
Max risk: 230 (JPY 230,000)
Margin: JPY 100,000
ROM: 20%
Days to expiration (DTE): 55

November 2014 K200 Put Spread

Sep-3, I sold an K200 Put Spread 242.5/245 when K200 was at 262.26.

Details:
K200 at 262.26 (~17 points downside)

Sell K200 October 245 Put at 0.78 (Delta: 0.1061)
Buy K200 October 242.5 Put at 0.59 (Delta: 0.0854)

Credit received : 0.19 (KRW 95,000, before commission)
Max risk: 2.31 (KRW 1,155,000)
Margin: KRW 1,000,000
ROM: 9.5%
Days to expiration (DTE): 72

Below is the chart as at close of 3-Sep:

This the P&L Chart as at close of 3-Sep:

Related Posts:
Sep-4: November 2014 K200 Iron Condor

Close October 2014 K200 Call Spread of Iron Condor

Sep-3, I closed the K200 October 2014 Call Spread of Iron Condor 247.5/250/277.5/280.

Details:
Sell K200 October 280 Call at 0.12
Buy K200 October 277.5 Call at 0.18

Note: All calculation before commission
Credit received : 0.21 (KRW 105,000)
Credit paid : 0.06 (KRW 30,000)
Profit : 0.15 (KRW 75,000), 71% of Credit
Margin : ~KRW 1,000,000 for full Iron Condor
Return On Margin (ROM) : 7.5% or 15% for full Iron Condor or half Iron Condor respectively
Days on Trade : 14


This the P&L Chart with Put Spread left as at 3-Sep Closed:
Sell K200 October 250 Put at 0.76 (Delta: 0.1193)
Buy K200 October 247.5 Put at 0.56 (Delta: 0.0907)

Related Posts:
Aug-26: October 2014 K200 Iron Condor

Close October 2014 N225 Put Spread of Iron Condor

On 1-Sep, I closed the N225 October 2014 Put Spread of Iron Condor 13250/13500/16500/16750.

Details:
Buy N225 October 13500 Put at 18
Sell N225 October 13250 Put at 14

Note: All calculation before commission
Credit received : 15 (JPY 15,000)
Credit paid : 4 (JPY 4,000)
Profit : 11 (JPY 11,000), 73% of Credit
Margin : ~JPY 100,000 for full Iron Condor
Return On Margin (ROM) : 11% or 22% for full Iron Condor or half Iron Condor respectively
Days on Trade : 21

This the P&L Chart with Call Spread left:
Buy N225 October 16750 Call at 14 (Delta: 0.0776)
Sell N225 October 16500 Call at 40 (Delta: 0.1012)

Weekly Market Reivew K200

K200 closed at 265.41 on Friday, 29-Aug-2014, gained 1.15 (0.44%) over the last 5 trading days.

Looking at the bigger picture on daily chart, we didn't get the lower low we discussed last week.  We have a higher low and lower high.  It is directionless.  And it is right at the middle of the Bollinger band.

Looking at the Weekly and Monthly chart, it is still a inside bar.  We need more data in the coming weeks to tell us where K200 is heading.

Below is how the P&L chart looks like as at 29-Aug closed (please ignore the Index and Price as it is real time on 1-Sep):

Action plan for the week

I will also close the Put Spread if it reaches my 70% credit target.  I sold the Put Spread for 0.20 points credit.  The Put Spread is now worth 0.10 points, as at 29-Aug.  It is about 50% of my credit.

Weekly Market Reivew N225

This review came late because I was having a short weekend vacation across the causeway. 

N225 closed at 15,424.59 on Friday, 29-Aug-2014, lost 114.6 (0.74%) over the last 5 trading days. NKVI lost 1.75 (9.89%) ending the week at 15.94.

Looking at the bigger picture on daily chart, N225 dip back into the 15,000-15,500 tight range.  However, I will think that that range no longer hold.  The range has expanded to 15,000-15,700 range.  The Bollinger band has also expanded.

At the weekly chart, N225 is concurrence with the daily chart.  It stays in the expanded range of 15,000-15,700.

Looking at the monthly chart, the long pin bar failed to break the last month high which was just 220 points away last week.  The green bin bar also turn red with the month closed.  It is still a bullish bar rejecting 15,000.  But it is no bullish if it has turn green or break last month high.  We need the next bar to tell us more.

NKVI continue to move lower (please ignore the last bar as this is done on Monday morning) to 15.94.  With this low volatility, will need to explore buying instead of selling.

SPX broke 2000 this week and stay above it.  It closed at 1003.37, up 6.63 points on Friday.

Below is how the P&L chart looks like as at 29-Aug closed (please ignore the Index and Price as it is real time on 1-Sep):

Action plan for the week

I will close the Put Spread as it has reach my 70% credit target.  I sold the Put Spread for 15 points credit.  The Put Spread is now worth 4 points.  I will gain 11 points (11/15 = 73%) by closing (buying back) the spread.

October 2014 N225 Iron Condor

On 12-Aug, I sold an N225 Iron Condor 13250/13500/16500/16750 when N225 was at 15145.33.

Details:

Buy N225 October 16750 Call at 26 (Delta: 0.0776)

Sell N225 October 16500 Call at 40 (Delta: 0.1012)

N225 at 15145.33 (~1355 points upside; 1645 points downside)

Sell N225 October 13500 Put at 65 (Delta: 0.0875)

Buy N225 October 13250 Put at 50 (Delta: 0.0587)

Credit received : 29 (JPY 29,000, before commission)

Max risk: 221 (JPY 221,000)

Days to expiration (DTE): 59

Below is the chart at close of 12-Aug:

Related Posts:

Sep-1: Close October 2014 N225 Put Spread of Iron Condor

Sep-19: Close October 2014 N225 Call Spread of Iron Condor

Credit received : 29 (JPY 29,000)

Credit paid : 59 (JPY 59,000)
Loss : 30 (JPY 30,000), 103% of Credit
Margin : ~JPY 100,000 for full Iron Condor
Return On Margin (ROM) : 30% 
Days on Trade : 39