AI
Friday, November 29, 2019 2:04:11 PM
YTD results of AIM LEAPS portfolio
• Initiated in Feb'19
• Stock universe is large US, high cap companies that have some amount of perceived stabilization.
• All options written on the Jan'2021 expiration.
• All options purchased as close to At-The-Money as possible.
• Corresponding option price needed to be low enough to purchase at least 10 contract, preferably 15. (Thus corresponding to lower priced, lower volatility stocks.)
• Initial LEAP to Cash allocation was 67% / 33%.
• Buy & Sell SAFE both initiated at 10%.
• Attempted to add additional issues every few months to diversify across industries; however, with rising prices in my universe I haven't found additional issues I want to acquire.
• % Cash in green represents cash holding above initial commitment of 33%.
• % Cash in red represents a negative cash amount.
• Using the 30-day rule between subsequent buys.
• No rules for subsequent sells.
• Minimum trade order ~5% - 6% of value of total contracts held for each issue.
• I HAVE FOUND THE NEED to modify Buy SAFE % on subsequent buys, but still working on methodology. (Example, WBA LEAP price was $9.15 on initial acquisition with subsequent buys down to $1.68)
• Planning to roll to Jan'2022 expiration in December.
• Researching issues to roll, add for 2020.
AIMStudent
• Initiated in Feb'19
• Stock universe is large US, high cap companies that have some amount of perceived stabilization.
• All options written on the Jan'2021 expiration.
• All options purchased as close to At-The-Money as possible.
• Corresponding option price needed to be low enough to purchase at least 10 contract, preferably 15. (Thus corresponding to lower priced, lower volatility stocks.)
• Initial LEAP to Cash allocation was 67% / 33%.
• Buy & Sell SAFE both initiated at 10%.
• Attempted to add additional issues every few months to diversify across industries; however, with rising prices in my universe I haven't found additional issues I want to acquire.
• % Cash in green represents cash holding above initial commitment of 33%.
• % Cash in red represents a negative cash amount.
• Using the 30-day rule between subsequent buys.
• No rules for subsequent sells.
• Minimum trade order ~5% - 6% of value of total contracts held for each issue.
• I HAVE FOUND THE NEED to modify Buy SAFE % on subsequent buys, but still working on methodology. (Example, WBA LEAP price was $9.15 on initial acquisition with subsequent buys down to $1.68)
• Planning to roll to Jan'2022 expiration in December.
• Researching issues to roll, add for 2020.
AIMStudent
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