For the week ending Aug 01, OPNewsletter is up +2.0% including commissions and +4.0% x-comissions. Though this was a great week for 3 portfolios delivering double digit gains, it wasn’t so for our 4th portfolio that is down double digit and is dragging overall results with it. Albeit, We still have two weeks to go.
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Alpha Natural Resources Inc (ANR) said that second-quarter net income was $74.3 million, or $1.04 a share compared to $4.7 million, or 7 cents a share, in the same period a year ago. Analyst were expecting $0.51-$0.54/share. Revenue surged to $732.2 million compared to $435.3 million. I opened a covered call strategy on this underlying [...]

Another profitable week for OPNewsletter; both for income as well as speculative directional trades. Even though we increased out investment by 17% (to 48.3%) since last week, our returns also increased from +1.24% to +3.06% this week (including commissions). Considering what happened in the broader markets past week, I am pleased with these results. On [...]