It’s been a very very busy period for me, and I’m juggling many balls at once. So I shall take the easy way out and just cut and paste my options transactions in the past 2 months.
Anyway, I am also genuinely interested to know what’s the cashflow like for the past 2 months. I track each transaction, but haven’t been tabulating on a monthly basis and comparing to prior months, like what I have done previously:
As mentioned previously, I’ve also been more cautious, preferring to skip some premiums that I deem risky, while increasing my cash buffer. I haven’t tabulated the monthly cashflow even as I’m typing this, but my gut feel is that it’d be a substantial drop from the previous USD $16k or so every month.
Also, just to clarify, I’m talking about cashflows. It’s not exactly profit. Not yet anyway. This is because some of the contracts would still be existing, even though I have collected the premiums. In other words, it’s kinda like a “liability” in my balance sheet, until it expires.
On top of that, this doesn’t include capital changes. So there could be a situation whereby I collect premiums and I’m including it in my cashflow records, but the capital changes in the underlying security is greater than the premium collected. (So technically, it’s a loss for that period of time actually)
The longer term plan though, is that if the cashflow records is constantly acceptable on a monthly basis, it’d far exceed any negative capital changes.
OK, so here goes (I’m calculating it now as I create this post. Oooo so exciting.)
Premiums collected in October 2017: USD 9,434.26
Wow. What a drop, comparing to the $16k or so previously.
But I was expecting this.
Premiums collected in November 2017: USD 14,403.98
Hmmm, so different from October.
Anyway, nothing much to comment here, I’d be happy with a 5 digit USD cashflow every month.
With approximately 9 months or so of data and experimenting and tinkering and implementation, I now feel confident enough that I’ve increased my allocation of funds into my options strategy.
I started out sometime at the start of the year, with an initial token USD 100k to test out my strategies, it went swimmingly well, then I got greedy, screwed up a bit, and now I’m back on track. So now, I’ve increased my allocation and my options strategy has approximately USD 280k to mess around with.
If things go the way they are currently, I’d likely increase my allocation further in 2018, to perhaps… up to 50% of my portfolio. That’d be approximately $500k USD or so. Let’s see.
Part of the fun of Decembers is to make travel plans for the next year.
Years ago, before having the 2 little rascals, it was a much simpler affair. TTI could just go anywhere the heart desires (if the wallet is willing).
Now, each trip becomes a big military operation. The planning! oh my. The logistics is crazy, esp if my parents and the in-laws put their hands up and want to tag alone.
Paying for your parents is perfectly ok. They deserve it. I’m more than happy to in fact. If they wanna go, money is never a consideration. The kids need to spend as much time as possible with their grandparents.
In-laws though… hmmmmm…… heh. That’s another story.
Anyway, in a recent earlier post:
The picture is that of Meteora, in Greece
Highly recommended by one of my lunch buddies and colleague.
But alas, looking at the schedule, autumn 2018 is already packed, and it’s not really that fun for the kids, so I’d have to postpone that to spring of 2019, and instead switch to this:
No shit! Look at that!
It looks like a scene from Game Of Thrones! Just need a couple of dragons flying in the background.
This is a real place on Earth. Built in a time and era way before me. Yep. Make a guess where that is. Not that easy huh?!
In fact, we’re planning to stay there for the night. It’d probably be extremely costly for my poor finances, but well, take a look at how it looks like at dusk:
How much is such an experience worth?
I generally like off the beaten track, yet fascinating places.
It’s just a library in Stuttgart, but oh my, I’m fascinated by its architecture. So much so that I detoured and made a pit stop in Stuttgart specially to see it. The local Germans must think that this guy is an idiot, taking pictures of their library like it’s a tourist attraction. (It’s not)
Before I die, my travel pics catalog over the years will map out all the most fascinating places on Earth. And perhaps, even out of Earth… if Elon Musk works fast enough.
Well, if you can’t figure out where the earlier pic is, here’s a mega hint. It’s the same country where you find this:
Everybody knows this.