It sure looks like it! The December option cycle is quickly coming to a close and all of the positions I have open right now are nicely padded on the top and the bottom.
For the month, I wasn’t able to take in as much premium as I would have liked; because my risk tolerance didn’t allow me to move closer. Over the years I’ve learned that it’s better to only make 1/2 of your goal for the month, and still make money; rather than go outside of your defined tolerances and strategies just to make a bit more money. In the end, the losses that I have suffered have far outweighed the “extra money” I would have made.
I’ll keep an eye on the top side of the Condors over the next few days… I wouldn’t expect any major changes, things look pretty good out there! Once we wrap up a few more profits in the account for December, I’ll go on the hunt for January positions!
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