OptionPundit

Category: OP Newsletter

  • OPNewsletter (Dec’09) Up +10.7% (Open)

    OPN December 2009 portfolio is up +10.7% (still open). We invested 73.9%  of capital per portfolio spread and all the mini-portfolios are making money. The Iron condor sub-portfolio is closed for +14.14% gains. December portfolio’s weekly update is now available at the OP Discussion forum (Member’s only section). To access the Subscriber’s Page of the forum, sign on with your own username and password by clicking here.  We have already started opening income portfolio for Jan 2010 and will complete full portfolio in the coming weeks.

    OPNewsletter has consistently outperformed the broader market. Pls read customer reviews or If you would like to sign-up for OPNewsletter directly, pls click here to sign-up for the wait-list (as the subscription is by invitation only).

    An important shift seems to be taking place amongst market participants’ minds i.e. “less bad is good” seems to be changing into “just good is not good enough”. If you are looking for playing an income option trading strategy for downward move while still protecting limited upside, try a put diagonal that benefits more from the downward move.  Albeit, do note that markets are now entering into typical bullish period of the year (Dec-Jan). This whole rise from March bottoms had been full of contrariness, are we about to see any other contrary period?

    Are you enticed by “teasers” from newsletter service providers to make loads of money in the stock and options market? I encourage you to check out “stockgumshoe” where Travis does an excellent job of decoding the “next million dollar” making opportunity. Then there is fascinating Dr Brett of TraderFeed, always someting interesting to read and widen knowledge horizons. I suggest you to read the first post in a series that he is directing toward developing traders. He plans to write about topics that “no one told me about when I was learning the ropes”. Check it out.

    If you are a web developer who would like to work on a few cool web 2.0 projects for OptionPundit (or if you know someone who does), pls write to OptionPundit(at)gmail.com.

    Profitable Trading, OP

  • OPNewsletter Dec +5.3% (Open)

    The December portfolio’s weekly update is now available at the OP Discussion forum (Member’s only section). To access the Subscriber’s Page of the forum, sign on with your own username and password by clicking here. Continue to read full post as  I shall be sharing links to good articles/ resources.

    OPNewsletter Dec 2009 Portfolio
    OPNewsletter Dec 2009 Portfolio

    OPN December portfolio has invested 68.2% of 10K assumption capital per portfolio spread and this is invested in 3 main sub-portfolios. Iron condor sub-portfolio alone is up +10%. I might open one more portfolio in the coming week and then we let it run for the month.

    OPNewsletter has consistently outperformed the broader market. Pls read customer reviews or If you would like to sign-up for OPNewsletter directly, pls click here to sign-up for the wait-list (as the subscription is by invitation only).

    Financial freedom is usually the number one goal that most investors aim for. Some want that freedom as soon as next month or next year, while some work through a very disciplined approach and prepare for long haul. Albeit, talk to any financial planner and he or she will direct you to that “one number” you need your net worth by to retire comfortably and often that number starts with $Million and or above.

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  • OPNewsletter Nov’09 +6% (Open)

    OPNewsletter is on track for a 20th positive month (out of past 21 months since I re-opened OPNewsletter in Jan 2008; a period that includes what is termed as one of the most fearsome bear markets of all time). All the 3 portfolios are making money. Overall, we invested a maximum of 81.9% of capital and our gains are +6% (x-commission) and +4.78% including commissions.

    An interesting two weeks! A fun fact- Had we not done any adjustments since Oct 28, the OPNewsletter would have been up to a Phase-2 record +20.7% by last Friday close and we still had two weeks to go!;

    Dow TA Nov 8 2008In the hindsight, it seems it was not necessary as markets have been finding support at 50Days EMA ever since the bull ride began after Mar’09 lows (see attached chart). But every pullback needs to be taken seriously, the down volume was increasing, number of distribution days were increasing, dow theory has been indicating a negative divergence (and still is) and there is no volume sponsorship on the up days, so I can’t take chances especially where there hasn’t been any significant pull back in this >+50% bull ride; at OPN preserving capital is preferred over potential to make more. Hence, we did make the adjustments which thus lowered the returns. Trading with discipline knows no coulda, woulda, shoulda.


    From this week on, I shall also start sharing an educational article (not necessarily from OP) that you may visit to continuously build your options knowledge horizon. If you would like to share an article that others may benefit, pls do let me know by writing at OptionPundit@gmail.com;  This week, I am sharing an article explaining Implied Volatility.

    We shall either start wrapping-up or roll portfolios this week; and also begin our search for Dec portfolios.

    If you are not an OPNewsletter member and would like to sign-up, pls click here to sign-up for the waitlist as OPNewsletter subscription is open via invitation only as this will be appropriate time for Dec portfolios.

    Profitable Trading, OP

  • OPN Subscriber Testimonials

    It’s been quite a while since I last collected feedback from OPNewsletter subscribers. Since we have passed through one of the most cruel bear markets of our time, I thought it was a good time to understand if OPNewsletter was still adding value or not.  As I receive more feedback, I shall continue to update here.

    Dear OP,

    It has been a fantastic learning experience with OPN, and a profitable one to boot! The astute trading philosophy that OPN follows is found nowhere else – and I have looked & tried a lot of different services. OPN is genuine, looks out for the subscribers, and fosters a trader community environment on the website. The portfolio and risk management principles are outstanding, and again, not found any place else that offers such subscription based services.
    In terms of learning about options trading at OPN, there is nothing like it. I have learned more about greeks, time decay, adjustments, etc on this site by being part of the group that takes on the trade.

    If there is one place where there can be room for improvement, I would say that it is in the area of results reporting. In today’s world, it is much more prevalent to have things published online as opposed to attaching spreadsheets to posts. One option is to use Google Docs, which is basically an excel spreadsheet that is online, which can be published only to the subscriber community as a read-only document. A big advantage with online publishing is that the adjustment entries can be made as soon as the trades are taken.

    Finally, I would like to comment on the fee. I would like to see a discounted annual, 6-month, 3-month, and monthly structure, with the facility to upgrade and downgrade without much trouble. Right now, I am on a monthly subscription, but if I can get a 6-month membership at a discounted price, I would jump on it.

    I would certainly recommend this service to others because of the genuine, honest, profitable service it has to offer, always keeping portfolio and risk management as its core principles.

    Thank You for the great, honest, profitable service OP. Looking forward to a great 2010!

    Name : Mohan
    Country : USA
    Investment experience : 3 Yrs Options, 6 Yrs Equities

    Thank you so much Mohan. I appreciate your feedback and thank you for upgrading your subscription to annual from monthly subscription.

    I’ve been a subscriber of OP Newsletter for more than 1 year. I’ve been trading options for almost 3 years. I am very satisfied with this newsletter. It is very profitable. It was doing good even during the huge down time in 2008. OP is very experienced in option trading. His market/stock assessment is accurate in most of the times (of course, nobody can be 100% accurate), and his trading timing is always excellent. OP not only just provides a trading strategy, but also explains his idea and provides a detailed, conditional trading plan. This helps a lot to calm you down when the market doesn’t move the way you wanted. OP also sends out adjustment plans timely. By doing the adjustments, those profolios which don’t profit at the beginning turn out to be profitable at the end. Well, OP Newsletter does require some knowledge and experience in option trading. For new traders, watching or paper trading for 1 or 2 months is very helpful. Overall, I highly recommend OP Newsletter.

    Y.Wang
    Seattle, WA

    Thanks Y. Wang for your being part of the OPN. While together not only we survived a fearsome bear market, we preserved our capital and are now on track again to grow it further.

    I have been with OPN for about two months and am quite happy with its service. First I like the idea that OPN separate the trades into speculative trades and income trades. OPN clearly let you know your risk and possible reward for each trade in advance. So you know which trades to take and how much to buy. Most importantly, OPN manages all positions that he suggests and quite often can turn losing trades into winning trades, unlike most other services that once a trade is suggested you are on your own.

    Eric Tzong
    Seattle
    USA

    Thank you Eric. I hope OPN continues to add more and more value to its members. The forum community is growing and there are lots of insights that are helping in generating ideas to continuously improve upon OPNewsletter.

    Pls click here to read previous testimonials. If you would like to sign-up for OPNewsletter waitlist, pls click here.

    Profitable Trading, OP

  • OPNewsletter Oct’09 +11.3%, Nov’09 +5.4% (Open)

    Another excellent month for OPNewsletter. Oct’09 was 19th positive month out of past 20 months since I re-opened OPNewsletter in Jan 2008; a period that includes what is termed as one of the most fearsome bear markets of all time. All the 5 portfolios made money. Overall, we invested a maximum of 88.7% of capital and our gains were +11.3% (x-commission) and +9.48% including commissions. One of the highlight for this month was another profitable month for RUT Iron Condor (OPNewsletter hasn’t lost a single RUT Iron Condor since its re-opening in Jan’08). The Oct’09 portfolio included a mix of option trading strategies e.g. Iron Condor, Calendars, Double Diagonal, Credit spreads, etc.

    Nov’09 is off to a good start. We opened 3 portfolios, invested 63.37% of assumed 10K portfolio. As of Friday close, with a maximum investment of +63.37% and we are up +5.5% x-commissions and +4.4% including commissions. Details of key portfolio, action plans can be found on member’s only section of the OPNewseletter forum.

    The above result doesn’t include results from speculative trades.

    If you are not an OPNewsletter member and would like to sign-up, pls click here to sign-up for the waitlist as OPNewsletter subscription is open via invitation only.

    Profitable Trading, OP

  • OPNewsletter (Oct’09) Up +9.5%

    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 the trade), GLD trade is working excellent.

    Gold is decidedly above $1,000 while USD is continuing to weaken.  For the stock markets, while a debate is going on between the Bulls and Bears, there don’t seem to be a clear technical sign for any major top. Personally, I don’t belong to the Bulls camp but I am not short this market either.

    Looking forward to an action packed earning’s week. I am likely to play a few counters for earning related moves. Stay in touch.

    Profitable Trading, OP