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…
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…
Exactly a year ago on Sept 15, 2008 before market opened, I voiced my final warning (first one being a mild one on Nov 23,2007) and suggested OPNewsletter subscribers to stay away from the markets. Markets futures are pointing to lower opening, in fact big gap down unless something “magical”…
83% capital invested, no major adjustment needed, almost 1/3 the number of contracts vs previous month, all the portfolios made money, OPNewsletter delivered +11.75% x -commissions and +10.43% including commissions. As good as it gets. We are starting to look out and analyze opportunities for October 2009 income portfolio. If…
An excellent option trading week, almost no major adjustments and no major market involvement. We increased our capital base by 20% from 69.39% capital last week to 82.97% this week. And OPNewsletter’s results increased from 4% last week to +11.47% thus gaining over 7% in a week and easily outperforming…
The Aug OPNewsletter portfolio was closed for +7.8% (x-commission) and +3.8% including commissions. To allow room for some conservatism, i have used some “not-so-good” fills from OPN members even if my actual fills are much higher; and this leads to skewing the portfolio to a conservative scenario. Some members might…
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%…
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…
Last week markets tried very hard to rally but ended in negative territory. Market’s character can now be defined by more of “withdrawal of demand” vs anything else. For overall OPNewsletter, we have invested 38.7% of assumed 10K capital. As of last Friday close, we are up +3.55% x-commissions and…
RIMM is going to announce earnings Thursday after market close. It will be followed by Options Expiration on Friday. The IVs will drop significantly post earning announcements. What to expect from earnings; Here is from briefing.com- RIMM Research In Motion: Expect strong Q1, with gross margin bounce and follow-on catalysts…
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