debit spread

AAPL +35.6%; MCO +3.5%

By | Past Performance, Trade Ideas | No Comments

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 four months before its collapse. I wanted a trade that will still yield profit even if I am wrong. The…

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OPNewsletter Jun’09 is up 7.34% (Open)

By | OP Newsletter, Option Trading, Past Performance, US Market | No Comments

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 bonus trade gains from GDX straight calls, GMCR and POT. We have invested almost 57.3% of 10K assumed capital across…

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OPNewsletter : May’09 (+11.2%), Jun’09 (Opening Shortly)

By | OP Newsletter, Option Trading, Past Performance, US Market | No Comments

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 Profit, No Fee” Newsletter)! It is up +11.2% (x-brokerage) and +8.5% including commissions for May’09 alone (a 16th positive month…

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CSX Corporation (CSX) Earnings Play

By | Earnings, Trade Ideas | One Comment

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 note surprise element is always there (BNI reported rise); assuming inventories went down, retail sales dipped and broader economy in…

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OPNewsletter (Jun’08) : Closed +11.1%

By | OP Newsletter, Past Performance, US Market | 5 Comments

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 June’s closing OPNewsletter is up nearly 60% in the past 5months, i.e. nearly 9.9% compounded monthly that is nicely above…

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OP Newsletter (Jun’08): +5% for Week, +11.5% for Month

By | OP Newsletter, Past Performance | No Comments

What a week!! Absolutely fascinating for OPN as well for my personal account. We are up nearly +5% vs last week and to +11.54% for the month. This is nearly double of my own target of 5-7% per month. Before you proceed reading further, pls note- OPN uses its Member’s fills for tracking (Not the newsletter suggested one) OPN uses maximum investment for calculating returns for the month, even though it was for 1day (For…

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