Expired profitable - completed the iron condor on top of the Nov 720/730 bull put spread covering a portion of the cost to roll the spread.

Expired profitable - completed the iron condor on top of the Nov 700/710 bull put spread covering more than the cost to roll the spread.

Came in from rolling the Oct 720/730 into the Nov 720/730. The market did not recover so we rolled it again into the Dec 710/720 for a debit of 45 cents. We'll easily cover this cost by opening a Dec bear call spread to complete the iron condor so this roll will be free.

Expired profitable 4% gain; came in from roll

Expired profitable w/ 7% gain

We've successfully got out of 1 of 2 in-the-money RUT spreads this month, and we got out of the in-the-money SPY and MNX bull put spreads last month. This has been freeing up cash and we've been getting back to work. We have one remaining near-the-money RUT Dec 710/720 bull put spread that we've been rolling and we should be able to get out of this spread in December.

Completed the iron condor on top of the Oct 720/730 bull put spread covering a portion of the cost to roll this spread. This spread expired profitable with a return of +14%

Completed the iron condor on top of the Oct 700/710 bull put spread to cover a portion of the cost to roll, where they expired profitable. We opened/closed this top spread twice, churning it to bring in as much premium as possible. We first opened/closed the Oct 780/790 for a net credit/profit of $1.44; we then opened/closed the Oct 740/750 for a net credit/profit of 44 cents, bringing in a total credit of $1.88 and a return of +19%.

Came in from rolling the Sep 730/740 into  the Nov 720/730. The market did not recover so we rolled it again into the Nov 720/730 for a debit of $2. We made up some of this cost by opening a Nov 800/810 bear call spread for a credit of 52 cents completing the iron condor and reducing the net cost to roll to $1.48 for a locked in loss of -15%.

Came in from rolling the Sep 710/720 into the Oct 700/710. The market did not recover so we rolled it into the Nov 700/710 for a debit of 16 cents, or practically for free. We brought in additional premium by opening the Nov 800/810 bear call spread for a credit of 58 cents completing the iron condor, adding a net credit of 42 cents to this trade.

Expired out-of-the-money, trade is closed. Came in from roll, expired with a locked in loss of -5 cents debit, or about -1%. However, we opened the Oct 240/245 bear call spread completing the iron condor increasing the return to a +3%.

Expired profitable 13% gain; came in from roll

We successfully got out of the MNX & SPY spreads this month, Oct, that went in-the-money two months ago; i.e. we rolled them for two months keeping them in a "holding pattern", we didn't lose any money and we actually  made 3% on the SPY trade and 13% on the MNX trade. On the other hand, the two RUT spreads are the ones giving us a problem and we're still rolling them. If a roll costs us money, we show a loss equal to the net cost of rolling the spread, which we call the locked in loss to roll. We are not showing the drawdown because this value fluctuates daily and will remain negative until the in-the-money spreads move back out-of -the-money.

Came in from rolling the Aug 750/760 into the Sep 730/740. The market did not recover so we rolled it into the RUT Oct 720/730 at a debit of $4.70; we made up some of this cost by opening the Oct 780/790 bear call spread for a credit of $1.44 completing the iron condor and reducing the cost to roll to $3.26 for a locked in loss of -32%.

Came in from rolling the Aug 730/740 into the Sep 710/720. The market did not recover so we rolled it into the RUT Oct 700/710 for a debit of $2.80; we made up some of this cost by opening the Oct 780/790 bear call spread for a credit of $1.88 completing the iron condor and reducing the cost to roll to 92 cents for a locked in loss of 9.2%

Came in from rolling the Aug 215/220 into the Sep 215/220 for even, i.e. at no cost so we still had a 30 cent credit in Sep. The market did not recover so we rolled it again into Oct 210/215 for a debit of 35 cents; we also opened the MNX Oct 240/245 bear call spread for a credit of 20 cents to complete the iron condor. Thus, the net cost to roll was .30 - .35 + .20 = a credit of 15 cents.

Came in from rolling the Aug Spy 121/123 into Sep SPY 119/121 with 3 cents credit. The market did not recover so we rolled it again into Oct SPY 117/119 for a credit of 20 cents. Total credit in the trade is 3 cents from Aug + 20 = 23 cents credit for Oct.

The market continued to fall in Sep and we rolled our in-the-money spreads into Oct. We show a "locked in loss" equal to the cost to roll the spreads from Sep to Oct, less extra premium that we brought in with the top bear call spreads that completed the iron condor. We are not showing the drawdown because this value fluctuates daily and will remain negative until the in-the-money spreads move back out-of-the-money.

Rolled into the RUT Sep 730/740 bull put spread for a debit of $1.15; cost to roll, i.e. locked in loss, is equal to the $1.15 debit less the 75 cents initial credit = debit 40 cents, or a loss of -4%.

Rolled into the RUT Sep 710/720 bull put spread for a debit of $1.10; cost to roll, i.e. locked in loss, is equal to the $1.10 debit less the approx. 80 cents initial credit = debit of 30 cents, or a loss of -3%.

Rolled into the MNX Sep 215/220 for even, i.e. at no cost; thus, we still have a credit of about 30 cents on this trade going into September.

Rolled into the SPY Sep 119/121 bull put spread for a debit of 12 cents; cost to roll, i.e. locked in loss, is equal to the 12 cents debit less the 15 cents initial credit = no loss to roll and we still have 3 cents credit

The market crashed and forced us to roll most of our spreads into Sep. We show the "locked in loss", which is equal to the cost to roll the spreads, less the initial premium that we brought in. We are not showing the drawdown because this value fluctuates daily and will remain negative until the in-the-money spreads move back out-of-the-money.

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