October 2010 Expiration

Many of our subscribers would like some commentary on our wins and losses. We are starting this new series to give the masses what they want…

AGU:

We ended the month with a small loss on the remaining AGU position. This was expected though, because we made all of our gains on the entire position in the previous expiration. So we are net positive on these positions.

CLF:

This turned positive for us just before expiration. We gladly got out of this position and it turns out that we made a profit in this period and the last.

OIH:

OIH was a surprise. We didn’t expect to have a loss on this position. We thought that we would come out on top, but a late session decline on the position created a small loss for us.

VECO:

We counted on this security to stay above our put position, and we were handsomely repaid for our call. Since we rolled this position from the previous month, we took a small loss on what could have been a total loss from the previous expiration.

VMW:

Also another surprise! This security zigged and zagged all the way through expiration. Our strategy was severely strained with this security. However, because we take multiple positions, the small loss that we experienced with this position was minimal.

WYNN:

The heavyweight of the entire month. Our subscribers were given a choice of taking profits early on this position, and many of you did. If you are still holding this position, there is still great opportunity to make more. We take quick exits, and we hit our target on these positions. What an excellent trade!!!

That’s all the commentary for now, till next month’s expiration!