Friday, August 20, 2010

10-0-1 for August

Ten winners, zero losers, one breakeven for the August option cycle. I bet on a trading range, and for the most part, the range held. The bushel of winners I attribute to a little bit of luck, and picking strikes at chart support/resistance. All short puts:
BRKB Aug 60
IWM Aug 58, 60
SDS Aug 31
SPY Aug 84, 87, 95, 100
TBT Aug 30
TLT Aug 90, 92

Going forward, I have a SPY backratio which makes net short SPY, and a short strangle on TLT, net neutral.

Long BRKB, GLD, TLT*
Net short SPY
* TLT offset by TBT, net neutral TLT

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