by OptionPundit on October 11, 2009
88.7% capital invested, no major adjustment needed, all but one portfolios made money and closed, 1 portfolio still open (down -2.9%), OPNewsletter delivered +9.58% x -commissions and +7.8% including commissions. As good as it gets. We are starting to look out and analyze opportunities for November 2009 income portfolio. If you are not [...]
by OptionPundit on July 12, 2009
4th down week for the markets. It’s interesting to evaluate how underlyings have moved since we started our portfolios. X moved +1% to -23% and moved wildly. GDX moved from +3% to -11%, and all major market indices including S&P 500, DOW and Russell 2000 ended down, ranging from -5.5% to -6.5% (Ref point June [...]
by OptionPundit on June 28, 2009
Overall an interesting week that it was, but I think there is more to come. On a weekly basis, it appears as if MACD and RSI are about to register sell signals. Mr. Market can go whichever direction it wants to, but hey, at the end of the day, this is all about probability. And [...]
by OptionPundit on June 6, 2009
Another turbulent but positive week for the broader markets. I sent out a note to OPN Subscribers and Basic Members (Free, till dec’09) that don’t trust the sharp rally post employment numbers. The rally did disappeared.
Overall OPNewsletter gained almost 3% this week, we did raise investment capital by a few percent behind some adjustments. Overall [...]
by OptionPundit on May 29, 2009
A turbulent but positive week for the broader markets, as well as for OPN. OPNewsletter is up +8.6% (x- brokerage commissions) and +6.6% (including commissions). This excludes returns from bonus trades on GDX straight calls, GMCR and POT. Though we have started generating credit thus increasing the cash portion, we are still assuming 57.3% of [...]
by OptionPundit on April 26, 2009
Option Trading is equally useful to retail traders and can generate consistent income if used properly. Hope you enjoyed the free trade alerts for some earnings play (You may sign-up for the Basic membership that is free till Dec 2009)
A Fantastic week for OPNewsletter! We played HAL, IBM, UPS and AMZN for earnings and all [...]
by OptionPundit on April 12, 2009
Get ready for an action filled week that has lot of economic data flowing in, traders returning from holidays and banks announcing earnings. Of course, Banks have to have positive impact due to “relaxation” in Mark-to-market accounting rules. This week is also flooded with other earnings and option expiration schedule, an excellent environment for [...]