What worked in June / What did not
Just coming back from an enormous successful option seminar organized by Mentor Dan Sheridan. We had two days full of socializing with Option Geeks and very interesting presentations.
As promised I would post a what worked in June blog. Here it is
What worked
Butterfly; RUT, WMT
Calendar; IBM, GOOG, XOM, SPX, DOW
Double Diagonal; DIA, EEM, IBM
Iron Condors; RUT
Cash Covered Puts; HAL, CHK, AAPL, CNH, PCU, KOL, MOO
Directional Verticals; CL, ETR, ICE, MBT, POT, SNDA, AMSC, BTU, FSLR,
Expiration Day Strangle; DRYS
Earnings: HNZ
Directional; TLT
What did not work
Calendar; DBA, RUT, MCD
Double Diagonal; COST, EWZ
Iron Condor; NDX
Directional; TNDM, FXP
Expiration day Strangle; AAPL
Directional Verticals; GRMN
With the expection of FXP and TNDM did I manage my losing trade very tight. TNDM and FXP did run away from me a bit.
The lose in NDX condor is approx equal to the average profit on this trade - so I whiped out one month on NDX condor profit.
With the exception of my RUT trades; all other trades are approx equal size.
