From an investing point, November was as it should be: boring ETFs and fun with options. That part of the system works well!
Option Income – 736,55€
November has been a regular month for my option trading. No new high, just in the usual range of my income.
The income comes from 17 different stock and ETFs. AMS:AD and EBR:ABI being this months biggest contributors to my option income.
YTD, I have an annualised return of 13,44%.
What is going on with my first strangle? The stock trades well within the limits of the 2 options. It does take however a lot of time before I can take it off the table. I am curious to see what my return will be. I do think I will continue to trade a strangle, in order to learn and have a more neutral strategy. With puts only, I am essentially long.
TEVA – grandfather elephant
Still there, going nowhere…
(not disclosed) – father elephant
No fun so far… floating lower than I imagined.
AMS:AD – baby elephant
Cleared up most of my positions that are ITM and I now keep adding to this position. I still have an ITM put.
Stock is now around 16, that means I made some profit on the 15 puts that I had.
GDX – Perma elephant
This will be an eternal elephant. It is part of my setup to balance bad news. It means that I will have short puts to diversify and I will have short calls on the assigned GDX. Not really an elephant. Part of the way I trade. I just need to avoid that it becomes a too big position in my portfolio.
Same size, still a little bigger than I want it to be…
And I decided to add to Silver mines in parallel. I still need to analyze the difference in holdings between those 2
How was your November?