August Results - 3%

Written on August 14, 2008 by OptionsRopeaDope

Over this week until this morning, I closed out the remainder of my trades.  The IBM double calendar is the only one closed for a profit - just over 10%.

I have to shake my head at the condors - the move last week (up 7%+ in 7 days) drove them into danger at the worst time - when it is too close to expiration to make an adjustment. Unfortunately, I took a 4% loss on both. EEM also took a bath, for a 5% loss, after being up 10%+ last week. EEM has been a bear of an ETF lately, moving straight down (down close to 20% in the last 2 months.)

I did stick to my rules for the most part - adjusting EEM when it still had a profit, for example. And a profit is a profit, I just hope this is chalked up to a poor month (some others, such as Insane Money (link on the right) did much worse) that some good management skills allowed to avoid a loss in.

I’ll be opening up a new batch of trades on Monday.

Popularity: 21% [?]

If you enjoyed this post, make sure you subscribe to my RSS feed!

Other posts like this one:

  • Performance for 2008 - through April
  • Quote of the day
  • Closed RTH, EEM, May Results
  • Working on - Condor template, Calendar rules
  • Comparing strategies - Yield Grab, “Tighten the Noose” etc

    • Category Posted in Real Trades, Iron Condors, Calendars, EEM, IBM

    RSS feed | Trackback URI

    Comments »

    No comments yet.

    Name (required)
    E-mail (required - never shown publicly)
    URI
    Your Comment (smaller size | larger size)
    You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong> in your comment.

    Trackback responses to this post

    Copyright (C) 2008, OptionsRopeADope, LLC All rights reserved. U.S. Government Required Disclaimer: Commodity Futures Trading Commission.*Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.