Tag

OptionPundit Archives - Options Trading Strategies for Consistent Income - OptionPundit

Priceline- How Did We Make Triple Digit Gains

By | Backspread, Option Trading, Option Trading Strategy, Past Performance, US Market | 4 Comments

Backspread Option Trading Strategy is one of my favorite strategies when it comes to playing large move and when I am not so sure of the direction. I like to play it especially when I am biased about the direction but I don’t want to take unnecessary risk. I first introduced this spread to OP readers almost 3.5 years back and since then we have done a lot of trades using backspreads. Recent one is how we played Priceline (PCLN) earnings and netted with Several hundred % gains within a day. Here is what I wrote to OPNewsletter members before…

Read More

OPNewsletter April +9.7% (closed); May +12% (Open)

By | OP Newsletter, Past Performance | No Comments

While markets are struggling to make any meaningful advance, for OPNewsletter, we are having another excellent month. We closed April’10 portfolios for +9.7% gains, and for May income portfolios, we are up +12% with 3 weeks to go. These results don’t include gains on speculative trades. Another point to note, these were also two months when I significantly upped investments allocation. In April’10 we invested 88% of capital and this month we invested 75% of capital. If one considers compounding effect, these income trades resulted in +18% gains on overall capital in just two expiration cycle alone (still 3wks to…

Read More

OPNewsletter (Oct’09) Up +9.5%

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

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 an OPNewsletter member and would like to join, pls sign-up for the waitlist here. These results don’t include returns from speculative trades i.e. bonus alerts.  I shared trade ideas on GOOG and GLD. While GOOG trade required adjustment as GOOG quickly bounced from 480s  (I didn’t close…

Read More

OPNewsletter (Jul’09) +5.2% (Open)

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

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 16th). On contrary, OPNewsletter, using 43.3% of capital is up +5.2% x-commissions. If you recall mid-June when we started our portfolios, the “green shoots” theory was gaining momentum (maybe still it is, but less so) and markets were making high. These pages on OptionPundit reflect…

Read More

OPNewsletter (Jul’09) + 2.64% (Open)

By | OP Newsletter, Option Trading, Option Trading Strategy, Past Performance, Technical Analysis, US Market | One Comment

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 as I interpret the current market data, the probability of markets going lower are higher vs probability of its rallying higher. Oh well, maybe that I am the only one still standing and claiming that it is bear market rally. The jury is still out…

Read More

OPNewsletter Jun’09 up 11.7% (Open), Jul’09 (Opening Soon)

By | OP Newsletter, Past Performance | No Comments

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 OPN is up +11.77% (x- brokerage commissions) and +9.27% (including commissions). We have invested almost 60% of 10K assumed capital across various sectors and diversified strategies. As of Friday closing we have 44.11% cash available that we can start employing for July’09 portfolios. RUT…

Read More