September 2011 Expiration
September Expiration’s commentary on Wins and Losses:
This month we took a necessary loss to put us back onto firm footing. We saw really serious gaps up and down last month, and we were left with a couple holes that we had to fill. Luckily, with our strategy, these shortcomings are significantly less than other services, who simply didn’t have an answer to the wild swings that we have gone through in the past months.
As a matter of fact we are constantly reminded that we are literally the only service who’s pics actually do better if there are unexpected movements in the market!
Here is how we ended this month:
This trade represented the biggest loss to our our portfolio! Unfortunately, there wasn’t a market for the 82.5 Puts, so that we could mitigate the loss by rolling over the position. Had we
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