Currently my net liquidation is +12.5% in 1 month.
I've been trading Iron Condors, OTM Credit Verticals, Calendars and Diagonals mostly on index products (SPY, IWM, QQQQ, etc...). I also have a double diagonal on RIO which has been working quite well. As I've shown previously on my SPY position, I favor balancing Delta to my outlook. If I feel that the market will be more likely to go up, I balance my portfolio with positive Deltas to the degree of my conviction that the markets will go up. I'm still learning which strategies are most agreeable to me, but I know I like having a positive Theta (benefit from time decay) and spreading positions across time is an interesting way to have many features working for me. I can get a benefit from increases in volatility, while still having a positive Theta. Options are very interesting, but it can get a little complicated.
For continuity's sake I've decided to throw in a snapshot of that same SPY position I showed you last week. You can see we've moved right up into the middle of my profitability range. The three red dotted lines represent breakeven on 6/21 and the current price. According to thinkorswim's analysis page (which I believe is based on "normal" distribution of price), I have about a 57% chance of keeping some money, a 15% chance of making a over $400, a 19.5% chance of losing over $200 if the markets sell off down to below $136 and a 23% chance of losing less than $100 if we continue on up above $148. Please note, I don't do the calculations, it's one of the many cool features that thinkorswim offers, I'm simply reading them right off the following risk graph:
