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Market Fall, OPN still makes money

Published on June 6, 2007

Market Fall, OPN still makes money

June 6, 2007

This was the 2nd day in a row for markets to fall. It was triggered by ECB increasing the interest rates but The selling pressure is not yet that big that we can say we are entering into a bearish zone.

All OPNewsletter June income trades are in good shape. We were positive delta, but the rise in IV has made-up for that and we are still making money despite the fall in underlyings. Only BA was the one that slightly gave-up some gains but theta for BA is accelerating quickly as we are only 9 days to June expiration.

Tomorrow I shall be looking for opening 2nd July Trade. My first July Income trade has already produced over 5% gains. Stay tuned.

Profitable trading,

OptionPundit

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