For
the August option cycle, I count six winners, one loser, and give
myself an overall grade of B. The lone loser was one side of a LGF
short strangle. Had I waited it out, it would have come in okay,
though the drawdown would have been scary. Winners included short
puts and calls on LGF and IWM. Seven is fewer closed trades than
usual and that is due to my vacation. I added a new Philosophy page that has my grades at the bottom (link) and can also be accessed by the tab on the header, next to the word "Home." I also added a First Time Readers page (link2).
Going
forward, I am still looking for a stock market trading range. LGF
Lions Gate has the movie Expendables II opening today. Gold looks to
be a bit too popular in the short term, what with articles citing big
buys by George Soros and others. Bonds are perplexing. I outlined my
long term view of a parabolic up move followed by a crash, but this
doesn't help that much with the short term.
Long
AMGN BRKB ESRX EWG KFT
Net
long LGF SPY
Net
neutral IWM XRT
AMGN
Amgen
BRKB
Berkshire Hathaway
ESRX
Express Scripts
EWG
German stock ETF
IWM
Russell 2000 ETF
KFT
Kraft Foods
LGF
Lions Gate Entertainment
SPY
S&P 500 stock ETF
XRT
retail stock ETF
*
ETF = exchange traded fund
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