OPNewsletter: Outperformance (Jul +27.8%, Aug +8.6%)

(for details pls visit www.OptionPundit.net)

Besides being a record week, this was also a roller coaster week. Dow gained over 200 points in a day after several years. And this type of market is not good for income traders. Any wild movements like this can erode profits easily. Google rallied, RIMM rallied and are not good for income portfolio. Before thursday’s rally the portfolio was on it’s way to delivery very solid results. No coulda, woulda, shoulda!!

market-returns-for-wk-of-070907.pngAnyway, this week Dow gained +2.4%, both Nasdaq and S&P500 gained nearly 1.75% and RUt gained +0.8 %. OP’s July income portfolio gained +5%, Aug income portfolio gained nearly +8%, when compared to +2.4% Dow (highest amongst all markets). OPN still outperformed. As I had suggested via e-mail previously pls book profit on RIMM, GOOG, OIH if you haven’t done so (if you had replicated my trades). I am holiding onto next week but I may not be able to update quickly.  

Not sure if you noticed, if you compound the returns of the past 3 months, the portfolio is already doubled in roughly 4months time. Of course this is not the way I calculate my returns a OPN subscribers know that at any some point in the month I have two months trades opened. Albeit, I am about to double my real money capital either next week or a week later. Since the start of OPN, this is also 16th consecutive week of consistent positive weekly gains.

If you were an OPN subscribers, pls check your e-mail for the details or at forum for each underlying thread for Jul’07 (Pls note you should be an OPN subscriber to view these exclusive boards, rest of the forum is free).

We are entering into last weeks of Jul expiration and theta is going to accelerate even at faster pace, in my favor, accelerating gains for all the portfolios.

Profitable trading, OptionPundit






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