Closed RTH, EEM, May Results

Written on May 15, 2008 by OptionsRopeaDope

Yesterday hurt.. a 2 standard deviation move the wrong way for RTH, and a big move on EEM cut intomy profits, but some risk management left me a winner combined. Here are the results -

RTH Calendar - 95 May/June Puts -

closed for 1.75 (opened for 1.45), for a profit of 21% (my target was 20%).

EEM Double Calendar - 145/150 May/June Calls 

Closed for 5.95 (opened with adjustments for 6.52) for a loss of 9% (max loss = 25%).

Looking back, I should have closed out half of RTH…. but glad I did with my target profit, as RTH is still running away as I write this. EEM, I can’t complain much, probs were going my way until the last day. Glad I closed it, as it was starting to run away.

My SPX Double Diag is still open, and I may let the shorts expire, at worst it will be a wash, at best I’ll make 3-4%.

So my May results on invested capital are 6%, with two winners, and two losers (EEM, and a smallish bet on SMH). Have to miss Im a little disappointed, as I could have done better, but when I think that most people would be ectsatic with that sort of return in 4 weeks or so, I feel alot better.

Already opening Jun trades which I’ll cover today or tomorrow. EEM is on the list again.

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