Backspread Category

How to Play AGIX BMRN Part-2

In: Backspread

Here is an update on the AGIX. To refersh, we discussed in the earlier trade the reason why there is so much buzz about these two tickers is due to pending FDA announcement. These are highly volatile and I expect volatility to either rise or remain flat till the announcement. The key question is how do [...]

AMZN and ERTS announcing tonight

In: Backspread and Earnings

Amazon and ERTS are announcing earnings result tonight. A huge swing is expected in AMZN and little less in ERTS. So keep your backspread readys to do a paper trade to understand better how it works.
Cheers and profitable trading, OptionPundit
amazon, AMZN, backspread, Earnings, ERTS

BACKSPREAD : Strategy for large moves

In: Backspread and Options Essentials




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OPN Performance

This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.

OPN Performance (Current) - http://sheet.zoho.com

The Phase-1 assumes from May 2007 till Jan 2008 and starting fully invested capital of $10,000.

OPN Performance (Phase-1) - http://sheet.zoho.com

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  • Sep'07 +6.9%
  • Oct'07 +57.3%
  • Nov'07 +17.1%
  • Dec'07 (Chill-out)
  • Jan'08 +14.8%
  • Feb'08 +11.6%
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  • Commission included from May'08
  • May'08 +1.7%
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