Strategy, Approach and Statistics

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You may want to investigate other newsletters like Booking Alpha, Benzinga Cash Generator, Benzinga Options and Volatility, Glinser Services, The Option Wiz for the real time alerts and auto trading experience. Commission plays a bigger role in improving the profitability of spread trades. It may be a good idea to open an account with low cost brokerage firm like Options House (100 free trades) to give extra punch to your gains.



Friday, February 10, 2012

Another Great Week, $12,711 Gains in 2012 as of 02/10/2012

Market pulled back this week after several positive weeks in a row. Marget never got into a positive territory unlike previous pullbacks over the last four weeks.   VIX is spiking; indicating short-term top in the market. SPY 1350 continues to be a strong resistance. It will be interesting to watch Feb options' expiration week. I am expecting lackluster March options' month though next week will be volatile.

Nice gains were booked this week, in spite of rolling over losses from prior week. All three positions open today are spreads, so we will use the spread legs to our advantage depending upon the tide in the market. Positions are well balanced leaving about 70% of portfolio in cash.

2012 Portfolio Statistics
Total Gain (All Trades) 508%
Average Gain/Trade 12%
Portfolio Gain           $12,711 (64%)
Win Rate                 80%
Average Held Days 3.34


Talk to you next week.


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Posted by at 1:28 PM

5 comments:

  1. MingomanFebruary 10, 2012 at 7:37 PM

    Thanks for all your hard work.

    ReplyDelete
  2. MyWealthyOptionsFebruary 10, 2012 at 8:02 PM

    Thanks. Are you able to follow the trade alerts? Do you have any suggestions for me? Thanks again.

    ReplyDelete
    Replies
    1. MingomanFebruary 11, 2012 at 9:16 AM

      Yes -I am able with in reason able to follow the trades. Maybe need to set up some-kind of alarm system. I am fairly new to option trading so just getting a feel for what you are doing.
      The only suggestion of which I think would be so much more work for you is get a little heads up too what trades you are looking at and thinking of placing. Maybe a watch list of some-kind. Thanks again.

      Delete
  3. rkFebruary 11, 2012 at 7:39 AM

    Very nice strategies. Just found you.

    Will keep following

    Thanks

    ReplyDelete
  4. MyWealthyOptionsFebruary 11, 2012 at 7:41 PM

    Thanks Mingo. I will try to give early signals of the stocks I am watching.

    Thanks RK. Please ensure that your email is registered for all the updates.

    ReplyDelete

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