debit spread

AAPL +35.6%; MCO +3.5%

by OptionPundit on June 13

Basic members were alerted for 2 free trade ideas. One is closed for nice gains while other trade has been successfully rolled to next month. Starting with Moody’s (MCO) trade idea. The basic premise for that trade was shorting of Moody’s by hedge fund manager David Einhorn, who correctly questioned the health of Lehman Brothers […]


OPNewsletter Jun’09 is up 7.34% (Open)

by OptionPundit on May 23

A week in which Dow moved between +2.5% to -1.75%, S&P500 from +3.25% to -1.5% and RUT from +4.75% to -1.50%, and all closing in negative territory, OPNewsletter gained +2% that too after increasing capital investment by 36% over last week. Overall OPN is up +7.35% (x- brokerage commissions) and +5.3% (including commissions). This excludes […]


It feels great when a single covered call option spread (done only @ 7.3% of 10K portfolio) can deliver OPNewsletter monthly subscription fee, cover commissions and still deliver profits, without making adjustments throughout the holding period. And what if the newsletter doesn’t get a single cent if doesn’t deliver profits? Welcome to OPNewsletter (A “No […]


CSX Corporation (CSX) Earnings Play

by OptionPundit on April 14

Railroad operator CSX Corp. (CSX) is scheduled to issue first-quarter earnings after market close today, with analysts forecasting earnings of $0.51 per share on revenues of $2.26 billion for the quarter. I am not so positive about the results. I think CSX might miss earnings’ estimates, but, as I always say earnings are 50:50, pls […]

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OPNewsletter (Jun’08) : Closed +11.1%

by OptionPundit on June 14

An excellent month for OPNewsletter with double digit gains. OPNewsletter’s June 2008 was closed for +11.1%. This is nearly double of my own target of 5-7% per month. These returns excludes the bonus speculative trades on JOYG (+40%), RIG (Multiple Profit Points), GLD and CME (Multiple Profit Points-Shared for free with OP Readers), With this […]