income spread

A Record Month OPN (Jun’09) up +14.7%

By | OP Newsletter, Option Trading, Past Performance | One Comment

June 2009 was a record month (2009) for OPNewsletter! Overall June’09 OPN is closed up +14.7% (x- brokerage commissions) and +12.1% (including commissions). We invested almost 60% of 10K assumed capital across various sectors and diversified strategies. All the portfolios were closed positively. Overall an excellent performance that was almost double the OPNewsletter objective of 5-7% per month. Here is an update by individual portfolio- GDX was closed for +5.15% UPS was closed for +8.9% X was closed for +13.85% RUT was closed for +23.08% DIA was closed for +22.89% IWM was closed for +26.07% This doesn’t include returns on…

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OPNewsletter – May’09 (+9.48%), Jun’09 (Open)

By | OP Newsletter, Past Performance, US Market, Worldwide Markets | No Comments

OPNewsletter closed May’09 for +9.48% x-commissions and +6.76% inclusive of commissions. As I stated earlier, after many months of waiting, we crossed our 60% portfolio investment target. It’s always an advantage if the capital was preserved. Yes we did have a few months of low returns, but that preserved capital is an out performance (vs general markets) already and now we can start using this preserved capital for further gains vs. wasting energy in recouping the losses. Just 1 single covered call (X) was more than enough to cover OPN fee  (and triggered no adjustment needs). Sign-up for the OPNWaitlist…

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OPNewsletter- Mar’09 +8.8%, Apr +2.4% (Open)

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

March’09 portfolios were closed +8.8% (excluding commissions) and +5.6% (including commissions). I used up about +46.7% of the assumed 10K capital for OPNewsletter. This result doesn’t include excellent results from bonus trade alerts. When compared with broader markets, this was probably one of the best months for OPNewsletter. Look at the major market movements since we opened the Mar (Mid Feb’09) portfolio. RUT traveled almost -20% south; and DOW, S&P500 and Nasdaq ranging from -14% to -16%. All this was followed by sharp snap back rallies. Isn’t this amazing, almost 20% back and forth move in one month. I have…

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Option Business aka Insurance Business

By | Investment Strategy, Option Trading, Option Trading Strategy, Trade Ideas, US Market | 3 Comments

A bounce is due, no, I think overdue. We have all realized that Mr. Market can remain irrational longer than one can remain solvent. So though the probability of bounce is high, don’t count on it for long term bull market till there are sign of economic improvement. The primary trend is bearish, as clear as that could be. However, this market is bringing its own unique rewards. I would like to compare it with insurance business and let’s apply their business model to option trading. As the risk is rising, Options’ premium is rising as well and as an…

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OPNewsletter (Jan’09) +8.17% x-commissions

By | OP Newsletter, Past Performance | No Comments

This was another positive month for the OPNewsletter Income portfolio. On the invested capital, OPN delivered a total +8.17% excluding brokerage commissions and +5.39% including commissions. As part of on-going pre-caution, OPN’s Jan portfolio consisted of 3 income portfolios and all 3 were positive. Highlight of the results was Iron Condor Income portfolio that delivered +14.2% gains and was another successive winning streak. In spite of extreme unfavorable conditions in 2008, not even a single OPN RUT Iron Condor lost money last year. I am about to open the Feb’09 income portfolios, should you be interested in joining, pls find…

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OPNewsletter Portfolio up +37.5% in 2008

By | Investment Strategy, OP Newsletter, Past Performance, US Market | One Comment

Year 2008 was almost equally as good a year for OPNewsletter as 2007 especially when compared with any major benchmark index like S&P 500. In 11 months completion, from Feb’08 till Dec’08, OPNewsletter outperformed S&P500 by a wide app 70% margin. During the year when the DJIA decline 33.84%, while the S&P 500 trimmed 38.49%, the NASDAQ lost 40.54% and Russell 2000 lost over 35%, OPNewsletter went up by +48.2% excluding brokerage commissions and +37.5% including retail brokerage commissions (my commissions are even lower than commissions I am assuming in the calculations). If however, I calculate the way usually option trading…

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