Tag: Iron Condor
-
A Record Month OPN (Jun’09) up +14.7%
June 2009 was a record month (2009) for OPNewsletter! Overall June’09 OPN is closed up +14.7% (x- brokerage commissions) and +12.1% (including commissions). We invested almost 60% of 10K assumed capital across various sectors and diversified strategies. All the portfolios were closed positively. Overall an excellent performance that was almost double the OPNewsletter objective of…
-
OPNewsletter Jun’09 up 11.7% (Open), Jul’09 (Opening Soon)
Another turbulent but positive week for the broader markets. I sent out a note to OPN Subscribers and Basic Members (Free, till dec’09) that don’t trust the sharp rally post employment numbers. The rally did disappeared. Overall OPNewsletter gained almost 3% this week, we did raise investment capital by a few percent behind some adjustments.…
-
OPNewsletter Jun’09 is up 8.6% (Open)
A turbulent but positive week for the broader markets, as well as for OPN. OPNewsletter is up +8.6% (x- brokerage commissions) and +6.6% (including commissions). This excludes returns from bonus trades on GDX straight calls, GMCR and POT. Though we have started generating credit thus increasing the cash portion, we are still assuming 57.3% of…
-
OPNewsletter Jun’09 is up 7.34% (Open)
A week in which Dow moved between +2.5% to -1.75%, S&P500 from +3.25% to -1.5% and RUT from +4.75% to -1.50%, and all closing in negative territory, OPNewsletter gained +2% that too after increasing capital investment by 36% over last week. Overall OPN is up +7.35% (x- brokerage commissions) and +5.3% (including commissions). This excludes…
-
OPNewsletter – May’09 (+9.48%), Jun’09 (Open)
OPNewsletter closed May’09 for +9.48% x-commissions and +6.76% inclusive of commissions. As I stated earlier, after many months of waiting, we crossed our 60% portfolio investment target. It’s always an advantage if the capital was preserved. Yes we did have a few months of low returns, but that preserved capital is an out performance (vs…
-
OPNewsletter (Outperformance)- May’09 +6.1%
Option Trading is equally useful to retail traders and can generate consistent income if used properly. Hope you enjoyed the free trade alerts for some earnings play (You may sign-up for the Basic membership that is free till Dec 2009) A Fantastic week for OPNewsletter! We played HAL, IBM, UPS and AMZN for earnings and…
-
OPN Apr’09 +12.5%, 15th Positive Month (Out of last 16)
Get ready for an action filled week that has lot of economic data flowing in, traders returning from holidays and banks announcing earnings. Of course, Banks have to have positive impact due to “relaxation” in Mark-to-market accounting rules. This week is also flooded with other earnings and option expiration schedule, an excellent environment for exceptional…
-
OPNewsletter- Mar’09 +8.8%, Apr +2.4% (Open)
March’09 portfolios were closed +8.8% (excluding commissions) and +5.6% (including commissions). I used up about +46.7% of the assumed 10K capital for OPNewsletter. This result doesn’t include excellent results from bonus trade alerts. When compared with broader markets, this was probably one of the best months for OPNewsletter. Look at the major market movements since…
-
Panic Before Everyone Else Does
I have tried my best to warn OP readers of the upcoming storm, over and over again starting from November 2007. Fun fact, this is what I wrote then- But hey, if you do get a bearish market, then don’t forget to mention that you were told first hand here at OptionPundit. We are close…
-
OPNewsletter (Feb’09) : +2.78% (X-commissions) and +0.1% (/w Comissions)
Such is the bear market, it leaves no one. Those who thought that major price indexes had successfully tested the Nov’08 market lows and that move December onwards marked a new primary bull market, were taken by surprise and Jan closed on a negative note. Dow closing almost 9% down for the month and other…