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.
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