by OptionPundit on August 30, 2010
OPNewsletter delivered +8.46% for the Aug 2010 Income portfolio on a 51% portfolio capital investment. As you may know, since mid of April 2010 we reduced our capital allocation to trading as we were anticipating this market meltdown which started around 3-4th week of April. For Sept 2010 opened portfolios, we are up +4.3% and [...]
by OptionPundit on August 5, 2010
Backspread Option Trading Strategy is one of my favorite strategies when it comes to playing large move and when I am not so sure of the direction. I like to play it especially when I am biased about the direction but I don’t want to take unnecessary risk. I first introduced this spread to OP [...]
by OptionPundit on July 12, 2010
We are on track for our 28th positive month of OPNewsletter phase-2, as of last Friday close OPNewsletter Jul 2010 portfolio is up +8.3% on the maximum investment of almost 60% of portfolio capital. We have started opening Aug 2010 portfolios and our first portfolio is already positive. Let’s talk consistency first, especially on trades [...]
by OptionPundit on June 5, 2010
Another horrible week on the Wall Street. A 90% down day, followed by 90% up day, and ending the week with another 90% down day. The 20 days average true range (ATR) for Dow has moved from nearly 100 points a month ago to nearly 250 points now. For OPNewsletter, we were trading light in [...]
by OptionPundit on May 10, 2010
A painful week for worldwide stock markets. I think most are happy that it’s over and a new week has begun with a solid tone!! On last Thursday, Dow suffered the largest point drop in a single day in its entire history. For OPNewsletter May 2010 , we are up +11.6% with 2 weeks to go. [...]
by OptionPundit on April 17, 2010
A Fascinating Friday ! That’s how I can think about Market’s action on Friday. Option trading is not only about attending a seminar, do some paper trades, get some winning trades and the stage is set. It is also about constantly evolving your own trading style and continue to sharpen your saw. With this post [...]
