Dear trading community,

 I'm sorry for posting this  a couple of days late, but I'm really busy at the moment.

Now let's have a look at weekly sample portfolio update for Friday, June 21st 2019.

## QQQ July Long Call Butterfly
This is a **free** butterfly with a locked in **profit of 54 cents** ($54 per one lot).
![01. QQQ Free Butterfly - 22 cents - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmcB13vGTrDbQeSDSAwDnQQSzShjqda42JN6vwx7WxeJKi)
<center>**source:**tastyworks</center>

This butterfly is trading for 22 cents at the moment, so I'm **up 76 cents** ($76 per one lot) on this position.

<br>

##  IWM July  Strangle
![02. IWM Strangle - down 14 cents - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmRQEH7UCjXa7xf3KoWyDbEDM27hoBw81BygNDd6NCzUZm)
<center>**source:**tastyworks</center>

My  overall credit on this narrow strangle is **$7.83**.
My profit target hasn't changed, it is still  **$1.88**.
So I'm going to close this position, when it trades for **$5.95** or at **21 DTE**.
At the moment this position is **down 14 cents** ($14 per one lot).
<br>

## New TLT August Short Strangle
![03. TLT Strangle - up 43 cents - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmdhpeXKWbPFrkqnYNCf4k6uskCL4B2e6HNn5jMXAbSk9d)
<center>**source:**tastyworks</center>

On Monday, June 17th 2019, I sold this position for a credit of  **$2.24**.
My profit target is still  **93 cents**.
So I'm going to close this position, when it trades for **$1.31** or at **21 DTE**.
At the moment this position is **up 43 cents** ($43 per one lot).

<br>
## QQQ July Covered Put 
![04. QQQ Short Put - down $26.42 - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmZ3u6t3ifowQUoU7FQ8bVWfhLUkfmdts3FydBC2xeoeCS)
<center>**source:**tastyworks</center>

My basis of this position is now **$163.57**.
At the moment I'm **down $26.42** ($2,642 per one lot).
I have still a lot of puts to sell against this position, until I'm back to even.
<br>
## Going inverted in SPY Straddle, closing it, uninvert and roll out to August
On Tuesday June 18th 2019, I had to go inverted to defend this position.
I collected a **credit of $1.99**.
![02b. New Inverted Strangle in SPY - credit $12.49 - 18.06.2019.png](https://ipfs.busy.org/ipfs/QmVbdG2ajD5S2rMN8bG3fM8B3mmbuHyF9wXhEo2QeWQTmr)
<center>**source:**tastyworks</center>

After the roll my **overall credit was $12.49**.

Since SPY was going ex dividend on Friday 21st 2019, I was in danger of getting assigned short stock, so I uninverted and rolled out to August.
![05. SPY (uninverted strangle) - down $7.18 - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmTCqY9x6qyo5YPedq1nouei6cuERXVQt1jPdUfbiTS3cX)
<center>**source:**tastyworks</center>


Since I had to pay a **debit of  $6.55** for uninverting the strangle, my overall credit for this position is now **$5.94**.
Since I'm in full defense mode on this position, I'm looking for a scratch in this position.
At the moment this position is **down $7.18** ($718 per one lot).
<br>
## GLD July Inverted Strangle
![06. GLD inverted Strangle - down $5.41  - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmYUaCAQxjsujnuaQomQtDxU9BtUAoxX6Z27Tfd1J81AKy)
<center>**source:**tastyworks</center>

GLD keeps beating me up.
My overall credit on this position is **$4.06**.
My profit target for this position hasn't changed. It is still **77 cents**.
So I'm going to close this position, when it trades for **$3.29** or at **21 DTE**.
At the moment this position is **down $5.41** ($541 per one lot).
<br>



## XOP Inverted Strangle
![07. XOP inverted strangle - down 47 cents - 21.06.2019.png](https://ipfs.busy.org/ipfs/Qmd1Q3fsrsLJYwo7DHB1RPWCzjd5uE86YFf3yPWqaeGmi4)
<center>**source:**tastyworks</center>

My **overall credit** for this position is **$3.44**.
My **profit target** hasn't changed. It is still **61 cents**.
So I'm going to close this position when it trades for **$2.83** or at 21 DTE.
At the moment this position is **down 47 cents** ($47 per one lot).


<br>

## QQQ Inverted Strangle
![08. QQQ inverted strangle - down $8.19 - 21.06.2019.png](https://ipfs.busy.org/ipfs/QmNch7GnwHCTcxfqXwVkT3KzKzCpaLoinXfiiaDkR9D5xQ)
<center>**source:**tastyworks</center>


The overall credit on this position is now **$11.09**.
The inverted strangle is 10 points wide, so the max profit I can make is now **$1.09**.
As soon I can close this for a scratch, I will do it. 
At **21 DTE** I will close it no matter what.
At the moment this position is **down $8.19**.


<br>

## Books Update
With the completion of my latest book, I have now a trilogy.
![Cover.jpg](https://ipfs.busy.org/ipfs/QmUE7fRVQamSHtpdSVzPc7SChhP7RNkmCA9WB7y8vEAmco)

The first book is still available for a huge discount  on [Google Play](https://play.google.com/store/books/details?id=LXV0DwAAQBAJ), so buy as long as it is still cheap.
You can also buy it for **$19.99** on [iTunes](https://itunes.apple.com/us/book/id1436443812), [Amazon](https://www.amazon.com/dp/B07HDWRRQ3) or [Barnes and Nobel](https://www.barnesandnoble.com/w/if-you-can-order-a-pizza-you-can-trade-a-mechanical-approach-to-options-trading-stephan-haller/1129792853?ean=2940161717721).
Thanks to all my readers for buying it.
If you like it, you would do me a great favor by writing a short review on amazon.
<br>
My second book is available for **$5.99** on [Amazon](https://www.amazon.com/dp/B07KVNVQXZ), [Google](https://play.google.com/store/books/details?id=9Zh7DwAAQBAJ) and on [Apple](https://itunes.apple.com/us/book/id1444520033).
Thanks to all my readers for buying it.
If you like it, you would do me a great favor by writing a short review on amazon.
![Cover (schwarz) klein.png](https://ipfs.busy.org/ipfs/QmX68p4yrLVSMZZLuyKq4t3z3GujsrUuPWbTMNS1pymWmE)
<br>
My third book is available on [Amazon](https://www.amazon.com/dp/B07T3Y6WZC), [Google](https://play.google.com/store/books/details?id=IJudDwAAQBAJ) and [iTunes](https://books.apple.com/us/book/id1468791563).

[![Cover Strategy Lessons klein.tiff](https://cdn.steemitimages.com/DQmZWGKTqbBbzEiHjDStiLFYLtQdtxSH9bawduxEHTHLwjk/Cover%20Strategy%20Lessons%20klein.tiff)](https://www.amazon.com/dp/B07T3Y6WZC)
<br>
## Interview with 10minutestocktrader.com
I was interviewed for the second time by the host of **10minutestocktrader.com Chris Uhl** some weeks ago.
We had some big announcement to make.
https://youtu.be/u7Kdfwd-qzM





**Chris Uhl** is a great host and I highly recommend subscribing to his channel.
He is now even on steemit.
His handle is @tenminutetrading.
<br>
## Forbes Article
Several weeks ago author John Tamny quoted me in [Forbes Magazine](https://www.forbes.com/sites/johntamny/2019/02/24/sorry-mystics-trump-didnt-talk-up-the-markets-by-smacking-down-the-fed/#4eb633076380).
![Forbes Stephan Haller.jpeg](https://ipfs.busy.org/ipfs/QmXJVEVfKLEy48nTqW92sMESr81mbaqzCUtv8X5HXDcKBB) 

So please check out the article if you haven't already done so.
<br>



Stephan Haller