OP Income Newsletter Mar +19%, April +9% (Open)
Published on April 4, 2014
Published on April 4, 2014
At OP Income newsletter, the out-performance vs. broader markets continues. For Mar 2014, based on the invested capital (56% of the portfolio), it delivered +19.4% returns. That’s > +10% on the overall portfolio capital. This performance doesn’t include results from OPNExtra! (High risk/ High reward trades) which had a solid run during the month of Mar, and also excludes brokerage commissions.
These results are based on each portfolio’s risk/reward adjusted capital allocation. If we were to use a simple 10% allocation per trade, the gains will be +32% on invested capital (vs +19.4%).
During this month, we traded both directionally and non-directionally via straddles, strangles, straight calls/puts, calendars, double calendars, butterfly spreads and more. We used thorough set of option trading strategies to benefit from volatility and market direction.
Here is the detailed performance:
(% figures in the parenthesis is capital allocation)
Profits: GDXJ +30% (4.5%), SPX (1st) for roughly +14% (7.0%), RSX for +40% (2.1%), FB for +21% (4.4%), TIF for roughly +3.7% (7%) and NKE was closed for +11.7% (12%), GOOG vertical was closed for +20% (6.5%), RHT +2.47% (8.1%), RUT Butterflies +24.4% (9.4%), ACN closed for +1.82%(8.8%), LULU for roughly +11.2% (6.7%), SPX (2nd) for +14% (9.65%) and SPY was almost breakeven.
Losses – > WAG -2.6% (6.1%), TRV -17% (6.1%)
OPN Extra (Performance is not part of OPN P&L):
SPY Puts(2nd time) +30% , GLD and SPY put (first time) were breakeven.
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Here is a customer feedback on how was his experience with OP Income Newsletter (you may kindly read more here)
I have been trading for about 16 years witnessing my capital being managed by different brokers. Some brokers were purely option traders and others were stock fund managers. I have had both very good years and bad years but progressively the good years have being vanishing. Last year I decided to start working more aggressively to learn different options techniques and put them to the test. In my search for knowledge I came across the Option Pundit website. On my first month of trading with OP, I made enough money to pay my annual subscription and provided a good boost to my portfolio. Option Pundit is well tuned with the market and exhibit option trading techniques far more sophisticated than my previous options brokers. I am also very impressed with the caliber of many forum members who constantly add valuable comments and information. My experience these first two months with OP have being very enriching and rewarding.
Thousand Oaks, California, USA
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To succeeding together,
The OptionPundit Team