Over the course of the last 30 days I managed to grow my portfolio by an impressive 19.06% or 160.285 euro, surpassing the esteemed 1 million euro mark. What's more, I accomplished this feat exclusively through the effective implementation of options strategies. This allowed me to outperform both the S&P 500 and Nasdaq-100 while decreasing my portfolio volatility. 

One of the key strategies I employed to maximize my returns was the bull put spread. This strategy involves selling an out-of-the-money put option while simultaneously purchasing a put option at a lower strike price. By executing this trade, I capitalized on my bullish market outlook while protecting myself from potential downside risk.

The beauty of the bull put spread lies in its ability to generate income upfront through the sale of the put option. This premium acts as a buffer against any losses incurred should the market move against my initial prediction. By skillfully selecting the strike prices and expiration dates, I was able to consistently generate profits from time decay, while simultaneously benefiting from the upward momentum in the underlying asset.

Once my preferred indicators were showing me that the market was overextended and due for a pullback, I complemented the bull puts with iron condors to further fortify my portfolio against excessive volatility. The iron condor strategy is a combination of two credit spreads, namely a bull put spread and a bear call spread. By simultaneously opening these positions, I created a range within which I expected the price of the underlying asset to remain. This range allowed me to profit from time decay, provided the price of the asset stayed within the designated boundaries.

The genius of iron condors lies in their ability to generate income regardless of market direction, as long as the price of the underlying asset remains within the predefined range. This versatility allowed me to capitalize on the market's sideways movement, providing steady returns even during periods of market turbulence.

One of the most remarkable aspects of my options trading journey was the ability to outperform the benchmark indices, such as the S&P 500 by a whopping 14.55% and the Nasdaq-100 by 10,45%, while maintaining a lower level of portfolio volatility. Notice how much more linear my progress was compared to the indices!

A true testament to the resilience and effectiveness of my options portfolio was witnessed during the last trading week. As the market experienced a downturn, my portfolio continued to thrive, exhibiting positive returns. This divergence between the market and my portfolio was made possible by the strategic implementation of a delta neutral market positioning. No matter if the market moved down or up, I would continue to collect money!

This level of control and flexibility allows me to achieve impressive returns, all while experiencing reduced volatility in my portfolio. Through diligent stock selection, adequate risk-management, and disciplined mechanical execution, I am able to create a well-rounded portfolio that delivers consistent results, even in the face of market turbulence. This is why I firmly believe that utilizing options strategies represents a superior approach to building wealth.